Class Struggle
n°78
May 2008
- 1
Financial crisis - A crazy bailout for a system gone mad
Barely two weeks after the Governor of the Bank of England (BoE), Mervyn King, launched the government's brand new "special liquidity scheme" - the largest bailout of the banking system in British history - the latest edition of the BoE's twice-yearly "Financial Stability Report" came up with a … - 2
Food riots - The lethal effects of commodity market speculation
In Britain, it seemed that the rise in the price of basic foods and the credit crunch arrived more or less simultaneously. There is, of course, a connection between the two phenomena, in that they have the same cause: a speculative frenzy by massive volumes of capital in search of … - 3
Britain - Brown gets his come-uppance - and from a toff!
The newspaper headlines were unanimous following this May's local elections - these were "Labour's worst election results in 40 years". And none of the main parties, not even Labour, wasted any time questioning this claim. However, it is simply untrue. One only needs to take quick look … - 4
Britain - Market havoc in the public sector
A long series of recent scandals highlighted the increasingly uncontrolled and uncontrollable activities taking place in areas of public services which have been either farmed out as a whole to private profiteers, or sliced up and shared between them. So, for instance, Brown's government was embarrassed over recent months … - 5
USA - Three presidential candidates, but not one speaks for working people
The following article, which discusses the primaries taking place within the Democratic Party in the run-up to this November's presidential election in the US, was originally published by the US Trotskyist group The Spark, in their quarterly journal (Class Struggle #58 - May-June 2008). By every traditional measure, the …