Tag Archives: world economy

Editorial of the Socialist issue 1316 The global stock markets have plunged in reaction to President Donald Trump’s 2 April ‘liberation day’ announcements. Around $5.4 trillion was wiped from the value of the US stock markets in the first two days. The 9.1% fall was the biggest in a week since the Covid pandemic lockdowns ground the world economy to ...

By Hannah Sell, Socialist Party General Secretary A decade ago, following the worldwide financial crash, a Financial Times editorial congratulated capitalism on a bit of luck that “the left” was “missing in action in what should have been its finest hour. In the deepest global downturn since the second world war, no blueprint for a fundamentally different method of organising ...

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 Robin Clapp Last week, US President Donald Trump announced that under the rarely invoked International Emergency Economic Powers Act, the Chinese telecoms giant Huawei and seventy of its affiliated companies are set to be added to the ‘Entity List’. This effectively bans them from acquiring components and technology from American firms without obtaining prior government approval. This has massively ...