The latest outbreak of coronavirus has caused the biggest wave of stock market losses since 2008, wiping $5tn off share values worldwide. Markets are worried that the virus will have a serious impact on an already weak world economy. These fears are not unfounded. The new coronavirus epidemic is having important implications for the […]
Read MoreThe Democratic primary campaign has become a two-horse race. Former Vice President Joe Biden and self-proclaimed socialist Bernie Sanders are set to slog it out over a gruelling campaign, reminiscent of the Democratic primaries in 2016. The party establishment are terrified of a Sanders win – not simply because of […]
Read More“The idea that all Britain’s Labour party needs to do to win is offer true socialism has been tested to destruction.” (Financial Times) News of the British election result was greeted by jubilation on the stock markets of the world. The pound sterling soared, and Donald J Trump tweeted: “Congratulations to Boris Johnson on his […]
Read MoreAll the reactionaries are crowing. Donald Trump expressed particular delight at the result. “Congratulations to Boris Johnson on his great WIN!” the US President wrote on Twitter. “Johnson secures crushing UK election victory,” exuded the Financial Times, as the pound rose on foreign exchange markets.
Read MoreThe international climate strike movement has created waves across the world. Over the past year, during the course of several global days of action, millions of young people from over 100 countries have walked out of school in order to join the ‘Fridays for Future’ protests, demanding immediate action against the climate crisis.
Read MoreMMT has created a buzz on the left recently, with its supporters citing it as an answer to all our economic woes. Instead of trendy new ideas, however, we need the clear, scientific analysis of capitalism that Marxism provides – Adam Booth writes. “Practical men who believe themselves to be quite exempt from […]
Read MoreIhumātao is a place that most people had not heard of until recently due to the escalation in protests on this land. At present there are approximately 1,500 people on the site, which has been cordoned off by the police. Why is this protest being undertaken?
Read MoreStrike action was taken by over 50,000 teachers throughout New Zealand on 29 May to demand a 16 percent pay increase and improved working conditions. Their strike is the result of a breakdown in pay talks between the New Zealand Educational Institute, the Post-Primary Teachers Association; and the government Ministry of Education.
Read MoreJust before dawn on 30 April, the Venezuelan opposition launched yet another attempt at a military coup. By the end of the day, the botched coup attempt seemed to have failed, with one of its leaders seeking refuge in the Spanish embassy, 25 of the soldiers involved requesting asylum at the Brazilian embassy and Juan […]
Read MoreWith the increase in strikes in New Zealand we republish this article on the State by the late Phil Mitchinson. Standing between the working class and the socialist transformation of society is a colossal state machine. Where did it come from? What purpose does it serve? can it be reformed, or must it be […]
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