Fighting global capitalism

Fair trade, free trade, and socialism

Author

Paul Hampton

Trade is a vital part of the neoliberal economic, political and ideological regime that now dominates the world economy and most national states.

At various summits in recent years the world’s most powerful governments have promised to introduce a better deal on trade, aid and debt for the world’s poorest countries, especially in Africa.

Rebellion and politics

Author

Mike Zubrowski

Extinction Rebellion (XR) started their “International Rebellion” on Monday 15 April, with thousands of people participating in road blocks across central London: Marble Arch, Oxford Circus, Waterloo Bridge, Piccadilly Circus, and Parliament Square.

There were hundreds in each location, with festival-like atmospheres, and people staying overnight in some. At the time of writing, Tuesday lunchtime 16 April, there are still some active blockades with hundreds of people.

Aaron Bastani’s Capitalist Realism

Author

By Natalie Cassidy

Mark Fischer in his book Capitalist Realism outlines the titular concept, summed up in the phrase “it is easier to imagine the end of the world than the end of capitalism”. In a recent Twitter outburst, this is the concept Novara co-founder Aaron Bastani reached for in retort to people reacting to his tweet about trade under a Corbyn-led Labour government:

A case for socialism

Author

Ben Tausz

This week [November 1918] marks a century since the end of world war one. A conflict in which 70 million people were thrown into uniforms, given guns, gas, bayonets and bombs, and ordered on pain of execution or imprisonment to shoot, gut and poison each other. 10 million of them were butchered at each other’s hands and a further 8 million civilians died too. Why? What for? These millions were fed into a meat-grinder.

The lessons from Genoa, Climate Camp and Vestas

Author

Todd Hamer

The emergence of Extinction Rebellion is a good thing. After a long period where there has been very little mass environmental activism, it is good to see someone doing something.

However, if this new movement is going to develop into something worthwhile, it will need to confront the problems faced by similar movements that have gone before.

The answer to Trump: rebuild working-class organisation

Author

Matt Cooper

July saw the one-man circus that is President Donald Trump smear its rancid trail across Europe.

Most eye-catching was Trump’s support for the anti-immigrant racism of the European populist right. He re-told the standard cultural racist narrative to the Sun, saying that immigration had “changed the fabric” of the continent “I think you are losing your culture.”

Socialism Makes Sense: Ideas For Freedom 2018 report

Just under 200 people attended Ideas for Freedom 2018, a weekend socialist summer school organised by Workers’ Liberty on 23-24 June in London. The title of the school this year was “Socialism Makes Sense”, and sessions aimed to make the basic case for a revolutionary socialist transformation of capitalist society.

Comeback for super bankers

Author

Gerry Bates

The thermometer-busting moment of the 2008 economic crash was the collapse on 15 September 2008 of Lehman Brothers, then the USA’s fourth-largest investment bank. It was the biggest bankruptcy in US history.

After it, it seemed doubtful for a while whether the other big investment banks could survive without drastic reshaping.

By 2017, so the Financial Times reports (12 June 2018), “group-wide profits last year of $78.4 billion across the top nine investment banks — excluding the much-changed Bank of America — were higher than the $75.4 billion recorded in 2007”.

For a workers' audit!

Author

Chris Reynolds

Two Parliamentary committees, both headed by right-wing Labour MPs (Frank Field and Rachel Reeves) have called the UK’s big four accountancy firms to be referred to competition authorities for potential break-up.

Investigating the collapse of Carillion, which made its bosses millions from taking on outsourced contracts, the MPs found that the firms supposed to audit (check) the firm’s figures were a “cosy club incapable of providing the degree of independent challenge needed”.

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