Latest Marxist & Socialist News and Analysis
Written by Congyue Dai Wednesday, 28 January 2015 12:44
Despite all the Keynesian experiments and the monetary stimulus, China has failed to escape the global economic crisis. In 2014 its economic growth dropped to 7.4%, the weakest in 24 years. For the first time in 16 years growth missed the government’s annual target (7.5%).
Written by Tom Trottier Tuesday, 27 January 2015 12:51
Just before the Christmas holiday break, Congress passed a $1.1 trillion spending bill that continued the usual pattern: more money for the wealthy, austerity for the working class, and about half of the cash to the military. This reflects the present situation of American and world capitalism—a crisis-ridden system that must take back past progressive reforms and build up its military to battle the growth of revolutionary movements and the general upheaval in the ex-colonial world. We must remember that right now, the US economy is growing, but not in a manner to make up for the decline of the 2008 slump. There are dark clouds on the horizon. China is slowing down and Europe and Japan seem to be in a second slump or “double dip.”
Written by Jose Manuel Monday, 26 January 2015 11:02
Marx once famously remarked that in history, tragedy reappears as farce. Seven years ago, there was for many American workers the illusion that Barack Obama would somehow serve their interests. For these workers, the conversion of Obama's “Yes We Can” 2008 campaign to the first six years of his presidency has been a bitter disappointment and a tragedy.
Written by Leon Trotsky Friday, 23 January 2015 17:47
For our February 2015 organization-wide reading we are republishing Trotsky's article A Petty-Bourgeois Opposition in the Socialist Workers Party. This piece was written in the midst of an internal political struggle in the Socialist Workers Party in 1939–40 around the class nature of the Soviet Union. In order to take on the ideas of the opposition, Trotsky went back to the philosophy of Marxism, dialectical materialism, the Marxist view of the state, and much more. This article was published later as part of a larger volume about this debate titled In Defense of Marxism, which includes many of Trotsky's final writings before his assassination.
- The 1% and the 99%: Tiny Rich Elite Own Half the World's Wealth
- Congress of Italian Section of the IMT Sets Up “Sinistra Classe Rivoluzione”
- Single-Payer and Governor Shumlin in Vermont
- SYRIZA and State Power—What is to Be Done?
- Martin Luther King, Jr. and the Struggle for Socialism
- The Greek Elections and the Crisis in Europe
- Britain: The Prince and the Pedophile—it's Time to Overthrow this Rotten Establishment
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