Capitalist crisis

Anarchist articles, audio and video on the bank and property crash and the resultant crisis in capitalism in Ireland and internationally

Why are the ICTU leaders refusing to fight the cuts - It's Time to Strike Back

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Working people hit the streets in huge numbers on November 6th. The protests showed, once again, that there is a willingness to resist the government’s attacks on living standards. Most observers put the total number who walked out of work to take part in the eight protests at around 100,000.

They Didn’t Share the Wealth Why Should we Share the Pain

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There is no money left in Ireland. At least that’s what you might think after listening to Brian Cowen, Enda Kenny, IBEC and the parade of capitalist economists and pundits who parrot this nonsense. Yes, we are heading into a deep recession but guess who is expected to pay the cost?

120,000 workers march through Dublin - National strike now!

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On Saturday 120,000 workers marched through Dublin demanding the the public sector pay cut ('pension levy') be withdrawn, that jobs cuts be opposed and that all the other attacks on the working class be ended. Over the last couple of weeks there have been dozens of local union meetings of workers in the public sector demanding strike action to halt the cuts. The march was a chance not only to put pressure on the government but also to demand that our unions do the only thing that can halt the cuts, call a national strike.

The WSM met up to leaflet the march at 1.30 at the Parnell monument, and then joined the demonstration with a banner demanding a National Strike. Here we present reports, interviews with and photos from WSM members who took part on the demonstration and the leafletting as well as background articles on the nature of the crisis

Thoughts on the crash and the alternatives

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Our government has become more and more open about their plans for us. Cowen wants to drive down our living standards 12% and has already cut all our wages through the tax levy and slashed the wages of workers in the public sector further through the so called ‘pensions levy’. He openly talks of “four more years of even steeper cuts”. He is so confident of us taking this lying down that he had the cheek to announce his intention to drive down our living standards at what even RTE referred to as the “Dublin Chamber of Commerce's lavish AGM dinner which cost €160” a head.

Financial Weapons of Mass Destruction

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Written months before the banking crash of the Autumn of 2008 this is the first part of a series of articles investigating the capitalist financial markets from a critical perspective.  It explains in some detail what the various financial instruments are that were to be blamed for the crash and what implication they have for class struggle. (Image: Just around the corner)

The cause of the crisis in global capitalism

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A very detailed talk on the cause of the current world financial crisis that starts off by explaining the background economics in an easy to understand manner, moves on to the role the war and other events apart from the sub-prime crash played and concludes with a look at what opportunities have been created for anarchist by this sequence of events.

 

Ireland's Richest 300 Doubled Wealth in the Crisis (300 of Us on €30k Would Take 11,000 Years to Make the Same)

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Welcome to the land of saints and hoarders. The richest 300 people in Ireland have doubled their wealth from €50Bn to €100Bn in the last 7 years. That means the number of people who’d fit in a large pub have enough money to have paid the original bank bailout of €64Bn outright (and still be so rich they wouldn’t have to work a day).

 

Domination, Capitalism, and Economic Crises.

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The history of capitalism has been a of history domination; of landowners’ domination over tenants, of bosses’ domination over workers, of economically robust countries’ domination over developing economies. of bloody labour struggles, social struggles, and of many crises, which have the most devastating effect on the working class, those furthest away from the levers of power and influence. As the framework of capitalism has developed, its systems have expanded in complexity, but paradoxically also in fragility.
 

Class War: Household Charges to Rise as Millionaires Multiply by 40% in 5 Years

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Recent studies in the North have shown that the rich really are getting richer while the poor are getting poorer.

It is no secret that household charges are set to rise due to ongoing “austerity” measures by Capitalist governments.

Today, research from PwC (PricewaterhouseCoopers accountancy firm) indicated that households in the North will be hit hardest in the UK by this rise in charges.
 

Syriza are not the limits of our dreams

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Austerity was never going to be defeated by the vote. We don't live in an economic democracy, we live in an economic dictatorship where only those with vast wealth determine its course. Parliament provides a useful illusion, one that limits our dreams and stops us acting to make them a reality. The real defeat in Greece will not be the capitulation of Syriza but rather if that capitulation is broadly accepted as the end of the road of struggle.

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