Despite the abundance of literature they’ve produced, the SP/CWI has failed to concisely and consistently spell out their explanation for the crisis of 2007/8. In our replies in several members bulletins, we have replied and rebutted every point of this... read more
We republish below the five Members Bulletins (in PDF format) spanning mid-2013 to mid-2014 on the debate within the CWI on the capitalist crisis, transitional programme, reformism and democratic centralism. Unfortunately, the SP/CWI have only publicly pu... read more
The debate (initially on the Law of the Tendency of the Rate of Profit to Fall - LTRPF) within the Socialist Party actually started in mid 2012 in the public pages of the monthly journal, Socialism Today (for example, see http://www.socialismtoday.o... 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
This article is part of a longer (work in progress) reply by Steve Dobbs and Bruce Wallace to Arthur Bough (Boffy) and his recent articles in the Weekly Worker. Specifically, this article below deals with the meaning of the rate of profit in relation to M... 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
Introduction This article was prompted by Geoff Jones’ comments to our initial document “What Is the Cause of the Current Capitalist Crisis?”. This article is concerned with specifically answering the following points (highlighted in bold) from Comr... 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
We believe the EC has revised the Marxist theory of value through its de facto rejection of The Law of the Tendency of the Rate of Profit to Fall (LTRPF) in relation to capitalist crisis. The main argument in favour of the LTRPF has already been made in t... read more
Marx’s explanation of the Law of the Tendency of the Rate of Profit to Fall has been all but ignored as the underlying cause of this crisis, and indeed all post-war crises, by Lynn Walsh and the Socialist Party EC. It has been side-lined, like a fif... read more