Zoltan Zigedy: Notes from the brink: The economy in the Winter of 2013

Workers’ woes Workers at a non-union Toyota plant in Kentucky have been offered incentives to retire early in order for management to replace them with new hires at a lower Continue reading →

Understanding the Crisis with Zoltan Zigedy

For a student of Marxist political economy, one of the last year’s highlights was the seven-part discussion of the global economic crisis, its causes, and consequences which was featured in Socialist Continue reading →

No Grand bargain on the backs of the working class

by Art Perlo of the CPUSA Economic Commission INTRODUCTION We are facing a critical battle. The so-called fiscal cliff, and the possibility of a grand bargain to avoid it, can be Continue reading →

Building an Economy for the People

by Jonathan White writing at Compass The Bank of England is predicting continued economic stagnation in Britain for years to come. The IMF is warning George Osborne that endless austerity Continue reading →

Socialism and the path to Socialism-Vietnam’s Perspective

by Nguyen Phú Trong general secretary of the Communist Party of Vietnam  Nguyen Phu Trong, general secretary of the Communist Party of Vietnam, has paid an official friendship visit to Cuba Continue reading →

Where have all the profits gone

by Zoltan Zigedy Mid September marked the fourth anniversary of the Lehman Brothers bankruptcy, widely viewed as the final trigger of the global economic collapse, a shock that remains the Continue reading →

Britain needs socialism

Militants from the Communist Party will be distributing ten thousand copies of the party’s tabloid Unity to participants in the TUC -organised march against austerity this weekend You can download Continue reading →

Labour should nationalise the banks to get Britain working again

The party needs a coherent strategy to break the grip of the City – ownership matters because with it comes democratic control  by Jonathan White in Guardian Comment  The financialisation of Continue reading →

The Debt Dilemma, Bankrupt Policies, and Europe’s Future

Another perceptive posting from Zoltan Zigedy in the USA dealing with the illusions that grip social democrats confronted with capitalist crisis The reason for virtual disappearance of great depressions is Continue reading →

Quantitative easing explained

Martin Graham writes This is an excellent explanation of quantitative easing. It’s US based, but the arguments are identical for the UK – just substitute Bank of England for the Fed Continue reading →