The world economy has been mired in a deep crisis since 2007. The bourgeois have tried everything to climb out of the crisis, from quantitative easing, to zero interest rates, to the socialisation of banking losses, but all to no avail. Why is it that a modern-day version of Keynesianism cannot work?
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Nelson Mandela is no more. At about 20:50PM on Thursday, 5 December 2013 Nelson Rohishlahla Mandela passed away peacefully after a long illness. The news was announced by President Jacob Zuma to a worldwide audience. He was 95 years old.
Read MoreIt has often been noted that the serious bourgeois analysts frequently arrive at the same conclusion as the Marxists, albeit with a slight delay. Nowhere has this aphorism been more aptly demonstrated than in a recent article by Paul Krugman, the Nobel prize-winning economist, entitled “A Permanent Slump”.
Read MoreThis year sees the centenary of one of the major strikes in New Zealand. It lives on in the memory of the Labour movement along with the years 1890 (Maritime), 1906 (tram workers), 1908 (Blackball miners) and 1912 (Waihi miners). Already planned are commemorative walks to the most important sites of the dispute in Wellington […]
Read MoreDespite the international corporate media’s relentless propaganda, the gap between the haves and have nots is continuously increasing on a global scale. In spite of what they would like us to believe, what we have before us is a transfer of wealth from the poorer countries to the richer on a scale never seen before […]
Read MoreThe development of genetically-modified organisms (GMO) has opened up whole new possibilities for improving the nutrition of humanity. For the first time, humans are able to genetically engineer species or organisms by transferring DNA between totally different organisms, potentially allowing for food to be grown in harsher climates, for example, or for existing crops to […]
Read MoreEvery three years in New Zealand the voters go to the polls to vote for their local mayors, local council and regional councillors and health board officials. 2013 is the local body elections and it’s been marked by… well, not a lot. The problem is that voters just don’t seem to be interested in voting.
Read MoreThe worldwide crisis of capitalism is leading to a deep questioning of the structures, institutions, politicians, and parties of bourgeois society. From Greece to Italy, Brazil to Turkey, Egypt to Iran, the consciousness of the masses is undergoing a profound transformation. This is not a linear process, and is not automatically and directly reflected in […]
Read MoreIn last week’s elections the Australian Labor Party (ALP) suffered a historic defeat, with its lowest primary vote since 1903, at just 33.8 percent. In 2007 the ALP won 43.4%, but since then there have been six years of Labor governments, first under Rudd and then Gillard, in which the working class saw the […]
Read MoreThe spontaneous uprising of the Syrian masses, inspired by events in Tunisia and Egypt, has degenerated into a sectarian bloodbath. Deprived of a revolutionary leadership, the hopeful beginnings have been transformed into a tragedy. On the other hand, US imperialism’s hypocritical and bellicose zig-zags are a complete and utter farce, and graphically illustrate the limits […]
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