By Steve Dobbs The British financial system is still reeling from a huge devaluation of the Pound in response to perceived risks and uncertainty from Brexit. This has plunged Sterling to an effective exchange rate lower than anything on record (from the ... read more
Overcoming Capitalist Crisis: Anti-Austerity or Socialism? Bruce Wallace, reproduced from Issue 1 of the journal A Storm is Brewing As this journal goes to press [early Feb 2016], storm clouds are gathering ominously over the world capitalist economy. Th... read more
On Tuesday 29th March, the Indian multinational Tata Steel announced its intention to sell Port Talbot and other UK assets, putting at least 15,500 jobs at risk [1]. This follows on from their original plans to cut back and “restructure” the company l... read more
Reply to Heiko Khoo on China’s Political Economy, Peter Glover, on behalf of the Editorial Board. Reproduced from Issue 1 of the journal [The original article by Heiko Khoo is here] At the heart of this discussion, I believe two important theories... read more
A Contribution to the Debate on the Character of China’s Political Economy, Heiko Khoo. Reproduced from Issue 1 of the journal. This article considers theoretical issues discussed by Marxists studying the nature of China’s socio-economic syst... read more
Greek Referendum: Vote No, but Mass Workers’ Action is Needed to Prevent Social Collapse Today (Sunday 5th July) the Greek population will vote on whether to accept the draconian austerity conditions of the Troika (IMF,ECB and EC) or not. Marxist World,... read more
Greece will hold early national elections on Jan. 25 following the failure of the conservative-led coalition government’s candidate for the presidential post, Stavros Dimas, to get the 180 votes needed to win out of 300. The Greek constitution now requi... read more
In recent issues of the Weekly Worker a controversy between Arthur Bough1, on the one side, and Bruce Wallace and Steve Dobbs2, on the other, has developed over some interesting questions. To begin with, let me say that Arthur Bough should at least take... read more
Introduction (Steve Dobbs) Over the last few months, it seems that every man and his dog have declared themselves a Marxist. Last month we saw the New York Times ask “Was Marx Right?”, with a series of replies from various left commentators. This mont... read more
ANDREW KLIMAN, JAN 24 2014 Recent statistics indicate that the second round of the double-dip recession in the Eurozone and the United Kingdom has ended, and that economic growth in the United States has improved.[1] Not surprisingly, policymakers have ... read more