Jun 14 2020

COVID-19 -JOHNSON’S CRIMINAL INCOMPETENCE

 Eddie Ford (CPGB-WW) argues that by global standards the UK government’s handling of the pandemic has been appalling.

 

COVID-19 -JOHNSON’S CRIMINAL INCOMPETENCE

 

After Brexit, the UK takes the lead in Europe

 

Last week we reached the grim milestone of 40,000 officially certified deaths from Covid-19. Given that at the start of the pandemic there was talk of 20,000 being a “good result”, this is a shameful statistic for a supposedly ‘first world’ country. Continue reading “COVID-19 -JOHNSON’S CRIMINAL INCOMPETENCE”

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Jul 18 2015

A VERY CAPITALIST COUP

The article below is a follow up from the World to Win blog (see http://www.aworldtowin.net/blog/a-very-capitalist-coup.html), from the one posted after the Greek referendum on July 5th. The humiliation enforced on the people of  Greece by the ECB backed by the EU bureaucracy will have a bearing on politics throughout Europe. It remains to be seen how the Syriza government’s capitulation will be received amongst those most affected in Greece. However, it is now abundantly clear that promoting bankers’ coups is European corporate capital’s favoured method of dealing with any challenge to their rule. This provides a wake-up call to socialists of the necessity for our own coordinated international response.

 

Reaction in Athens to Syriza government's capitulation to ECB and EU bureaucracy

Reaction in Athens to Syriza government’s capitulation to ECB and EU bureaucracy

 

The political and economic humiliation heaped upon Greece by the major European capitalist states led by Germany has shocked people around the world. The hashtag #ThisIsACoup trended on Twitter as global cyber-anger reflected what in essence had taken place.
Continue reading “A VERY CAPITALIST COUP”

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Dec 14 2014

THE CURSE OF NATIONALISM

Eric Chester (RCN) outlines his view of the political dangers represented by the SNP

 

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The independence referendum has substantially changed the political landscape of Scotland. With 45% of the voters supporting independence, and many others deterred from joining them by a last minute fear campaign, there is a widespread belief that the election was stolen and that another referendum is in order. Still, there is no possibility of another independence vote being held for at least another five years. This stalemate has engendered a deep resentment that pervades Scottish society.

Continue reading “THE CURSE OF NATIONALISM”

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Jun 12 2013

IRELAND – UNION STRATEGY, KEYNES AND THE DEBT

This article, by James Fearon, is from the Socialist Democracy (Ireland) website. It highlights how the Irish Congress of Trade Union’s (ICTU) support for Keynesian reforms is tied to a strategy to make workers pay for the ruling class’s debts – only more slowly than the incumbent Fine Gael/Labour coalition government.  

In the UK, Ed Balls has flagged up Labour’s acceptance of current Tory attacks on our class, and his willingness, if Labour is elected in 2015, to go down the same road with further attacks on universal benefits. The TUC’s thinking goes no further than that of the ICTU. Only when pushed does it mount any actions – such as on November 30th, 2011 over pensions. However, these actions are merely token, as the TUC’s ignominious collapse in the subsequent days highlighted. The TUC is trapped in the same Keynesian thinking as the ICTU.  It has no wider vision than a return of a Labour government, hopefully committed to  some Keynesian economy boosting measures, so that, as in Ireland, workers are given longer to pay off the ruling class debts. With such miserable aspirations, it is unlikely that the TUC will be able to shift Ed Miliband and Ed Balls. Their appeal is directly to the  banksters and other corporate capitalists –  ‘You can trust Labour to continue the austerity offensive and the welfare counter-reforms.’

David Begg, General Secretary of ICTU whipping up worker enthusiasm

David Begg, General Secretary of ICTU whipping up worker enthusiasm

The Irish Congress of Trade Unions (ICTU), and reformists in general, have been particularly animated recently over flaws that have been found, in the research by Reinhart and Roghoff, on the effect of austerity on the fiscal multiplier. They have taken this as evidence that ‘austerity isn’t working’ and that the possibility exists that they may still receive a lifeline from a slower, less virulent capitalist attack on the working class. If this ‘Better, Fairer Way’ to pay off the banksters’ debts should be adopted by the political elite in any meaningful way ICTU could claim that the slightly reduced pain of a slower austerity was their doing, and this in turn would provide them with some semblance of a fig leaf to cover their shame.

A former senior advisor to Citibank was quoted favourably in union literature recently when he expressed doubts about the efficacy of austerity based on figures which show a larger than predicted fiscal multiplier of €1.6 in economic shrinkage for every €1 removed through austerity measures. Figures from the IMF, based on data from 28 countries between 2009 and 2013, actually put the multiplier as high as 1:1.7 and Keynesian economists, the TUC and ICTU have all seized hungrily upon these figures. While trade unions exhibit a touching, perhaps over zealous, faith in these figures, the findings are not so readily accepted by the financial establishment.

Continue reading “IRELAND – UNION STRATEGY, KEYNES AND THE DEBT”

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