Bangkok is in flames as the counter-revolutionary violence in Thailand reaches a bloody climax. The long-awaited assault by the Thai army has already taken place, and will not cease until every trace of the protest has been wiped out. No-one can be sure of the number of casualties, but the final figure will certainly be […]
Read More(We reproduce an article from Britain relevant to the situation in NZ. To read full article go to http://www.marxist.com/monopoly-capitalism.htm) Capitalist economists constantly argue that privately run industry driven by pursuit of profit is the best way for an economy to function. But, even a cursory look at the world around us tells a very different […]
Read MoreThe workers at the Foshan Honda plant in China won a 35% wage increase after taking strike action which started on May 17.
Read MoreAccording to the PSA “Budget 2010 does little to improve prospects for public sector workers and delivery of public services… expect further restructuring tighter restraints and the steady erosion of public services. Job losses will continue….”
Read MoreLabour history has been made. New Zealand has had it’s first Mall workers strike. Workers in JB Hi-Fi in Albany, organised with the Unite Union, were on strike for better pay and against a culture of bullying and intimidation against union members.
Read MoreIt’s been close to a month since the Deepwater Horison Oil Rig exploded and sank into the Gulf of Mexico, just 45 miles south of the already beleaguered gulf coasts of Louisiana and Mississippi. The ensuing oil spill may well surpass that which followed the wreck of the Exxon Valdez, which poured over 11 million […]
Read MoreThe loss of belief in the existing society, its institutions, laws and morality, is a prior condition for revolution. But such a change does not happen all at once. Gradually, to the degree that the given socio-economic system begins to fail, the feeling grows that “something is not right” with society, that some kind of […]
Read MoreEurope faces a protracted period of austerity, with major contractions in output, consumption and employment. The crisis has started with the smaller, more vulnerable economies like Greece, Portugal and Ireland. But the others will follow, starting with Britain.
Read MoreEurope faces a protracted period of austerity, with major contractions in output, consumption and employment. The crisis has started with the smaller, more vulnerable economies like Greece, Portugal and Ireland. But the others will follow, starting with Britain.
Read MoreIn the second part of his article, Alan Woods looks at the dire economic situation the European Union faces. He also analyses the effects of the European crisis on the world economy.
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