National Sections of the L5I:

Economy

Central Europe: The political economy of capitalist restoration

The process of capitalist restoration in Eastern Europe has been underway for five years. As well as the practical task of reorganising the workers’ movement in these countries Marxists have to come to grips with that process theoretically.

Keith Harvey explains the problems thrown up by this unique historical event focusing on Hungary, Poland and the Czech Republic Read more...

1994 - Cause and effect in the global recession

The 1990-94 recession began in North America and the United Kingdom. The rate of corporate profits peaked in the US and Britain in 1988. Profits continued to decline in the US, UK and Germany in 1989 and 1990. Company profits did not reach their high point in Japan until 1989 and fell for the next three years. The fall in the mass of profits there led to a fall in new investment during 1990. As a proportion of GDP domestic investment peaked in the USA in 1987 at 17%, was stagnant the following year and declined in 1990 and 1991. The 7% fall in business investment in the USA during 1991 was the biggest drop since 1975. Read more...

Against Capitalist Restoration! For Proletarian Political Revolution!

Despite nearly half a century of military and economic rivalry between the USSR and the USA, the Soviet Union formed one of the two central pillars of the imperialist world order.

From 1945 to 1991 the Kremlin, its satellites and indeed its Stalinist rivals, acted again and again to divert and abort the development of a world-revolutionary wave that could have isolated and eventually defeated imperialism. The counter-revolutionary role of Stalinism was concealed from millions by limited wars with imperialism in Korea and Vietnam, by the logistical support given by Stalinist states to national liberation struggles, and above all by the overthrow of capitalism by Stalinist parties. Today the downfall of the USSR appears as an unmitigated catastrophe for many fighters against imperialism and capitalism world-wide. Read more...

British capitalism under the Tories: results and prospects

For the last fifteen years successive Tory governments have attempted to set the British economy to rights. In 1979 Thatcher claimed that the economy was overmanned and inefficient. Her aim was to let the competitive pressures of the free market regenerate British capitalism. Read more...

Japan's crisis deepens

Japan's economy is sinking into stagnation, Michael Gatter examines why Read more...

Uprising in Chiapas: reforms prompted by rebellion

The uprising of the EZLN (Zapatistas) in Mexico caught the government off guard. Stuart Corby reports. Read more...

Poland stumbles on the road to capitalist restoration

The election of a new government in September will herald an attempt to make a final push to capitalism. Will they succeed? Martin Suchenak weighs up the odds Read more...

China: “socialism” with capitalist characteristics

On present trends China could be the biggest economy in the world by the year 2010. But will it be capitalist? Peter Main explores the contradictory dynamic of the present phase of economic development. Read more...