National Sections of the L5I:

Economy

Irish EU/IMF deal can be stopped by workers' mass resistance

The Irish Government's deal with the EU/IMF will mean even more austerity and poverty for the people. Irish workers need to bring down Brian Cowen's Fianna Fail led administration and replace it with a workers' government 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...

An historic crisis of capitalism Part 1: The crisis of globalisation: overaccumulation and the re-ordering of the world

The financial meltdown of the fall of 2008 was a profound moment not only for the evolution of the “Credit Crunch”, but also for the whole economic and political order. Luke Cooper presents the preliminary conclusions of discussions on the League’s leadership that provide the background for the elaboration of a new programme to be adopted at the League’s 8th Congress in 2010. The article is broken into three parts. The first part below situates the conjunctural crisis within the context of globalisation and imperialism and draws on Trotsky’s method of periodisation to understand these phenomena. Read more...

The Wall Street crash 1929-33

They called it the roaring twenties but then the boom turned to bust. Keith Spencer explains what caused the crash of 1929 and asks whether there are similarities with today’s global meltdown. Read more...