Imperialism

How A Bankrupt Germany Solved Its Infrastructure Problems

“We were not foolish enough to try to make a currency [backed by] gold of which we had none, but for every mark that was issued we required the equivalent of a mark’s worth of work done or goods produced. . . .we laugh at the time our national financiers held the view that the value of a currency is regulated by the gold and securities lying in the vaults of a state bank.”

Stop this cynical attack: Corbyn, anti-semitism and the right

We repost the Jewish Socialists’ Group’s response to claims that Jeremy Corbyn is tolerating a growth of antisemitism in the Labour Party. Antisemitism exists and must be exposed and fought against in the same way as other forms of racism by all who are concerned with combating racism and fascism. Antisemitism and anti-Zionism are not the same. Zionism is a […]

This victory shows we can, and must, shut down the DSEI arms fair for good

Faced with a strong and compelling defence, and a weak Crown case, the campaigners were acquitted of all charges. In summarising, the Judge couldn’t be clearer. As well as pointing out that the police had ignored claims of illegality on the part of the organisers, his verdict referenced “Clear, credible and largely unchallenged evidence from the expert witnesses of wrongdoing at DSEI and compelling evidence that it took place in 2015.”

Criticism of Israel: The new McCarthyism?

Over recent weeks, instances of alleged antisemitism by a handful of marginal ‘leftists’ such as the principled Jewish socialist, Tony Greenstein and the eccentric Gerry Downing, have been brought into the public domain mainly by the Jewish press as well as leading labour figures within the PLP, many of whom are clearly intent on exaggerating this metaphorical ‘storm in a teacup’ by suggesting that Jeremy Corbyn is somehow tolerant of antisemitism within his party. This is the ugliest form of political opportunism possible, the intention of which is to undermine Corbyn’s leadership in order that the narrow political ambitions of those smearing him will be the first in line to argue for his ousting.

Welcome to ‘Walking Dead Europe’

What lies ahead is not pretty. There is an element of The Sleepwalkers – Christopher Clark’s masterful account of how Europe marched to war in 1914. But mostly, a low-budget American show gave away the game. This is Walking Dead Europe.

What in the World is Going on with Banks this Week?

Emergency meetings, banker summits, crashing European banks, and the worst bank reports since the Great Recession.
Just about every major banker and finance minister in the world is meeting in Washington, DC, this week, following two rushed, secretive meetings of the Federal Reserve and another instantaneous and rare meeting between the Fed Chair and the president of the United States. These and other emergency bank meetings around the world cause one to wonder what is going down.

Venezuela: Regime Change On The Agenda?

It is true that Venezuela faces many problems, not least in terms of its economic difficulties. These are being exacerbated both by a conscious economic war — with echoes of the situation in Chile prior to the 1973 coup that brought General Pinochet to power — and the plunge in world oil prices.

But the right’s programme of vicious neoliberalism — illustrated by its proposals for the mass sell-off of housing — will only make these worse, while reversing the gains in reduced poverty and inequality, plus increased labour rights, in recent years.