National Sections of the L5I:

Economy

How the state serves finance capital

The UK and US governments policy of bailing out finance capital appears to have stimulated some recent return to profitability for banks and financial companies. Keith Spencer examines how this policy of handing over money to finance capital worsens the crisis for the working class and stores up greater problems for the capitalist system. Read more...

Now for the re-ordering of the world?

...and then they started printing money. Luke Cooper considers the prospects for the future of the economic and political order, now the US Federal Reserve has started ‘greasing the presses’. Read more...

Falling profit rates in Marxist Crisis Theory

Observations on the dynamics and meaning of the global economic crisis, by Richard Brenner, who also below takes a critical look at David Harvey's theory of crisis.

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The Third Great Depression

Are we entering a third great depression, asks Richard Brenner? Read more...

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...