National Sections of the L5I:

Economy

The crisis in the global car industry: imperialism, monopoly and resistance

The crisis in the global car industry has lead to huge job losses and fuelled arguments amongst the great powers over protectionism as they scramble to save ‘their’ capitals. Martin Suchanek argues it is a crisis of monopoly capitalism and calls on the working class to resist the bosses’ attacks. Read more...

Venezuela: Chávez new crisis budget is an attack on the poor

In April, several militants were expelled from the United Socialist Party of Venezuela (PSUV) in Tachira state (see info at end). This article from Workes Power's April issue pointed out that this was a possibility given that Chavez's March budget attacked the poorer sections of society rather than the bosses.

Hugo Chavez has nationalised more companies but also produced a budget that attacks workers. Venezuelan workers should demand anti-capitalist policies, writes Keith Spencer. Read more...

The death of the Celtic Tiger

Ireland’s economy, once hailed as a model for ‘emerging economies’ the world over, was the first in the Eurozone to enter recession. Bernie McAdam looks at the end of the Celtic Tiger. Read more...

Chinese economy spirals downwards

China's exports in January were down 17.5 per cent on last year and imports were down by 43.1 per cent. Peter Main, just returned from China, looks at Beijing's response to the world recession. Read more...

The Crisis of Globalisation

Luke Cooper surveys the wreckage of globalisation and the mounting crisis of capitalism Read more...

The Crisis in the Global Car Industry

The world economic crisis has hit the car industry with real intensity over the last months. All the world’s major car companies have announced short time working, redundancies or closures. The largest car company and indeed largest multi-national for much of the twentieth century – General Motors — is in its death agony with increasingly desperate interventions of the US-government to just keep it alive. Read more...

Global slump has begun – now let’s fight for socialism

The last quarter of 2008 saw a sharp contraction in economic output for the world’s major economies. It signals that the process of destroying excess capital is well underway, writes Luke Cooper. Read more...

Global recession deepens as economic crisis spreads

The future looks bleak for the world economy as bailout plans fail and the crisis spreads to every corner of the globe. Read more...