mészáros, harman and brenner debate credit crunch

This evening the Socialist Workers’ Party’s Chris Harman, Richard Brenner from Workers’ Power and the Hungarian Marxist István Mészáros debated the topic ‘Marx and the credit crunch’ at Conway Hall in central London. Around 190 people attended the meeting.

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review of a classic: giovanni arrighi’s ‘the long twentieth century’

by Dan Jakopovich

In The Long Twentieth Century: Money, Power, and the Origins of Our Times (1994), Arrighi centres his attention on the examination of systemic capitalist cycles of accumulation: their immanent logic, the interplay between the emerging and old powers (elements of systemic continuity and discontinuity), and the factors of hegemonic consolidation. Continue reading “review of a classic: giovanni arrighi’s ‘the long twentieth century’”

the cost of living: it’s time to act

a leaflet by the commune

A mere 22% of a typical household’s monthly income is left after tax and essential bills, down from 28% since 2003. The situation is getting worse.  Costs have gone up across the board:
Increase of    10%      for Electricity
Increase of    15%      for Gas  
Increase of    6.6%     for Food                
Increase of    20.2%   for Petrol  
Increase of    6.5%     for Water             
The government says wages must be kept down to stop inflation – but it’s not wages that are to blame.  In May, over 90% of workers got wage rises beneath inflation.  In fact the share of the overall economy going to wages has gone down this year, as it has every year since 1995.  Wages are nowhere near enough to meet the rising costs.  To make it worse, unemployment, which has never gone away, is rising fast.

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