National Sections of the L5I:

Economy

Iceland - financial meltdown brings down government

The right-wing government of Geir Haarde has fallen, the first European political casualty of the world economic crisis. Read more...

Now for the re-ordering of the world?

Credit Crunch 2? 3? 4? As the systemic crisis in the financial system deepens further one challenge we face is thinking up new titles for our articles. Read more...

Are western governments and big banks able to stop the recession?

Even looking back on them with a sense of perspective, the events in the autumn of 2008 remain remarkable. The world financial system faced outright collapse, central banks pumped in trillions to prop it up. Share and credit markets were infected with blind panic and banks were nationalised. The capitalist state had to step in to save capitalism from itself. Read more...

Irish workers must not pay for the recession!

The budgest is the latest attempt by Brian Cowen's increasingly unpopular government backed by the Green Party to make Irish workers pay for the recession. Minister of Finance Brian Lenihan called for an extra 2 billion euro to be raised in taxes and 1 billion euro cuts in public spending to deal with the crisis in public finances. Read more...

Downturn spreads to China

The third quarter of the year, July, August, September, should be the busiest time of the year for China's toy factories. That is when production reaches a peak so that the goods can be packed into the biggest container ships in the world in time for the Christmas markets in the US and Europe. But this year is different. Read more...

The Great Crash of 2008

After the biggest financial crisis since 1929 came the biggest ever bailout of the banks.It didn't work. Read more...

International Perspectives: The Crisis of Globalisation

International perspectives document passed by the International Executive Committee of the League Read more...

The Crisis of Globalisation

Fifth International, vol. 2, no. 7 autumn 2008 by Luke Cooper Read more...