National Sections of the L5I:

Political Economy

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 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...

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...

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...

China: From Mao to the market

Peter Main surveys the changes going on in China which are propelling it forward both economically and politically - but where is it going? Read more...

Flying on one engine: the world economy today

For the last ten years, the USA has been the main engine of global growth. Between 1995 and 2002 the United States accounted for 96 percent of the cumulative increase in world GDP. With 22 percent of world GDP, the USA is by far the largest economy on the planet. Read more...

East Asia: crisis spurns revolution

East Asia was hailed as the most dynamic region of the capitalist world in the early 1990s showing the rest of the "emerging markets" the shape of their own future. Now, as Michael Proebsting reports, that future is likely to be rather different as slump provokes misery and revolutionary crises. Read more...

American capitalism on the edge of a nervous breakdown

The last ten years have seen US stock markets boom as the country experienced its longest post war economic upturn. Keith Harvey asks, will the coming stock market crash push the world's superpower into steep decline? Read more...

Crisis theory and modern capitalism

As the profit system peers over the edge of the abyss Colin Lloyd and Keith Harvey explain why mainstream economics is powerless to assist Read more...

Against the market: Planning the future

If "deregulation" was the buzz word of the 1990s boom, "supervision" looks set to be the received wisdom of the turn of the 21st century recession. Whether it is the European Union trying to make its economies converge for monetary union or the G7 responding to the Asian crisis by suggesting that the World Bank and International Monetary Fund should oversee international flows of capital, the need to control the anarchy of the market is evident to big business and bourgeois politicians alike. Read more...