Fighting global capitalism

A case for socialism

This week [November 1918] marks a century since the end of world war one. A conflict in which 70 million people were thrown into uniforms, given guns, gas, bayonets and bombs, and ordered on pain of execution or imprisonment to shoot, gut and poison each other. 10 million of them were butchered at each other’s hands and a further 8 million civilians died too. Why? What for? These millions were fed into a meat-grinder. Not for freedom, justice or democracy, but because the European capitalists of their respective nations were competing to carve up the rest of the world for their own profit...

The lessons from Genoa, Climate Camp and Vestas

The emergence of Extinction Rebellion is a good thing. After a long period where there has been very little mass environmental activism, it is good to see someone doing something. However, if this new movement is going to develop into something worthwhile, it will need to confront the problems faced by similar movements that have gone before. In 1999, after the J18 Global Day of Action (where anticapitalists protested in the City of London), a series of articles were published on the state of the anticapitalist movement. One article, “Give Up Activism”, generated a great deal of discussion at...

The answer to Trump: rebuild working-class organisation

July saw the one-man circus that is President Donald Trump smear its rancid trail across Europe. Most eye-catching was Trump’s support for the anti-immigrant racism of the European populist right. He re-told the standard cultural racist narrative to the Sun, saying that immigration had “changed the fabric” of the continent “I think you are losing your culture.” Trump also continued his ongoing attacks on London Mayor Sadiq Kahn saying, “Take a look at the terrorism that is taking place. Look at what is going on in London. I think he has done a very bad job on terrorism”, with the clear...

Socialism Makes Sense: Ideas For Freedom 2018 report

Just under 200 people attended Ideas for Freedom 2018, a weekend socialist summer school organised by Workers’ Liberty on 23-24 June in London. The title of the school this year was “Socialism Makes Sense”, and sessions aimed to make the basic case for a revolutionary socialist transformation of capitalist society. Another main theme was “challenges of a Labour government”, looking at the difficulties likely to be faced by a left-Labour government, for example in confronting the state, and the challenges for class-struggle socialists in relating to such a government and attempting to...

Comeback for super bankers

The thermometer-busting moment of the 2008 economic crash was the collapse on 15 September 2008 of Lehman Brothers, then the USA’s fourth-largest investment bank. It was the biggest bankruptcy in US history. After it, it seemed doubtful for a while whether the other big investment banks could survive without drastic reshaping. By 2017, so the Financial Times reports (12 June 2018), “group-wide profits last year of $78.4 billion across the top nine investment banks — excluding the much-changed Bank of America — were higher than the $75.4 billion recorded in 2007”. Investment banks are...

For a workers' audit!

Two Parliamentary committees, both headed by right-wing Labour MPs (Frank Field and Rachel Reeves) have called the UK’s big four accountancy firms to be referred to competition authorities for potential break-up. Investigating the collapse of Carillion, which made its bosses millions from taking on outsourced contracts, the MPs found that the firms supposed to audit (check) the firm’s figures were a “cosy club incapable of providing the degree of independent challenge needed”. The government, regulators and Carillion board members had often acted “entirely in line with their own personal...

The new deal we want: socialism!

The TUC has called a march and rally for 12 May under the slogan of a “new deal for working people”. There is plenty to protest about. The cuts since the 2008 crash are overwhelming. There has been a decline in real wages. The NHS has been brought to its knees. At the start of May we heard that one million more children are growing up in poverty since 2010, due to in-work cuts in benefit. Britain’s trade union movement will be a powerful partner for Labour in government, backing and fighting for policies that will surely be under attack from the capitalists, and the media. That is why 12 May...

Slump-prone economy

In the last year or so, world capitalism has had its nearest approach to a general economic revival since the crash of 2008. A clutch of figures at the end of April show that the revival is very weak. Britain’s first-quarter GDP growth was reported at just 0.1 per cent. Britain’s GDP growth figure is only 1.2% during the past year, the lowest figure since 2013. The “purchasing manager’s index” for Britain’s industry was at a 17 month low in April. Across the eurozone, assessments of order books and inventories and expectations have also declined for both industry and services. Even in the USA...

AUDIO: Socialism or capitalism?

On 17 March Katy Dollar of Workers’ Liberty debated Mark Pennington, Professor of Political Economy and Public Policy at King’s College London, on Socialism or the free market? Here we present extracts from their speeches. The full speeches can be listened to below Katy Dollar Capitalism has brought us progress, an explosion of technology and industry, unprecedented productivity and efficiency. It has connected globally and built human cooperation on a scale not yet known before. Markets have produced products to meet the needs of people of whom they have no direct knowledge. We have stuff...

Protest Trump on 14 July

In January 2018, US President Donald Trump cancelled a planned trip to the UK. His stated reason was that the famously unsuccessful realtor didn’t fancy the “off-location” US Embassy. But the real reason was almost certainly that Trump wanted to duck the huge wave of protest that anyone could see would meet any visit. The racist, authoritarian and climate-change-denying policies of the Trump administration stoked a storm of indignation and a series of huge rallies at the very suggestion of his visit. In mid-April 2018, Trump announced a new trip to the UK, for a “working meeting” with Theresa...

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