National Sections of the L5I:

Economy

Socialism: The transition to Communism

What is the difference between socialism and communism? How can we get from a capitalist society with all its problems, divisions and inequalities to a communist society? Read more...

Marxist Theory of Political Economy

What is political economy? For Marxists the economic can only be analysed in a political way, here is why. Read more...

Globalisation: the contradictions of late imperialism

In the Nineties, multinational corporations vied with each other to take over the industries and services of much of the world. Commentators coined the term “globalisation” to describe their domination. Keith Harvey explores the roots of this phase of imperialism in the growing contradictions of US capitalism in the decades after the Second World War and concludes that its days are already numbered. Read more...

Finance capital unleashed: British imperialism today

Keith Spencer makes a case-study analysis of a 'Great Power' that was at the centre of the global financial whirlwind: Britain Read more...

Marx, money and the modern finance capital

Marcus Lehner offers an outline of Karl Marx's theories of money, banking and finance and shows how it can provide a compelling account of what caused the great financial crisis Read more...

Greek debt crisis convulses Europe

On Thursday 6 May, the same day that voters in Britain went to the polls, riot police battled demonstrators outside the Greek parliament in Athens, protesting against a massive cuts package announced by George Papandreou’s Socialist party government. Read more...

Workers protest in Greece against savage budget cuts

The fall out form the budget crisis in Greece is not restricted to that country, explains Chris Newcombe Read more...

World economy – heading to a new upswing?

[Note: the graphs and table only appear in the print version]
Many commentators have argued the worst of the crisis is over. Michael Pröbsting asks whether there are grounded reasons for this optimism and looks at the obstacles facing a new wave of expansion. Read more...

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From Protest to Power

ImageThe curent programme of the League for the Fifth International, published in 2003

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The Credit Crunch - a Marxist Analysis

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What caused the credit crunch? Some said lenders got “too greedy”. Others blamed the regulators. Yet more denied it was even happening. The Credit Crunch – A Marxist Analysis offers a radically different explanation.

Charting how the events unfolded, and drawing on Karl Marx’s theory of crisis, Richard Brenner and Michael Pröbsting argue that the credit crunch foreshadows a crisis of globalisation.

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Available to read online

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