Tag Archives: economics

By Hannah Sell. Socialist Party General Secretary This year, 2022, is predicted to see the biggest fall in living standards in the UK since 1956. Inflation, according to the Retail Price Index, is already at 8.2% and is expected to rise further throughout the year. Soaring energy and food prices are leaving growing numbers of working-class people choosing between heating ...

Statement from the International Secretariat of the Committee For A Workers International On the other side of the coronavirus pandemic crisis, things will never be the same again. This will be similar to the situation after the two world wars of the twentieth century. The general situation has already unmistakably “changed, changed utterly!” Moreover, it is the rapid speed of ...

By Steve Score (Socialist Party National Committee) On 15 September this year, a posh get together takes place at a secret venue in London. At it, top bankers who were part of Lehman Brothers – once the fourth largest investment bank in the world – celebrate the tenth anniversary of its 2008 collapse with “cocktails and canapes”. Its demise was ...

Robin Clapp, Socialist Party National Committee The Daily Mail reacted with predictable hysteria when, in May 2017, John McDonnell stated: “You can’t understand the capitalist system without reading Marx’s Das Kapital.” When asked to immediately condemn his shadow chancellor, Labour leader Jeremy Corbyn refused to do so and correctly added that Marx was “a great economist”. These endorsements are a ...

By Hannah Sell (Deputy General Secretary, Socialist Party) The IMF now calls for state intervention to stimulate the ailing global economy. And many on the left also propose Keynesian-style policies. So, does this mean the IMF would welcome a Corbyn-led government in Britain? If not, why not? From the 1980s onwards neoliberal economics have reigned supreme. Now, eight years after ...