All the evidence shows voters want Labour to shift to the left — but initial signs from Andy Burnham are worrying on that front, cautions DIANE ABBOTT
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The ‘general crisis of capitalism’ has returned with a vengeance
In an international address, ROBERT GRIFFITHS gives an overview of the tasks of the communist movement in Britain and worldwide
ANDY McDONALD MP says Labour must show it is capable of delivering real improvements in people’s lives — bold action is required
ANGUS REID and ANDREW JOHNSTONE report on an initiative that we must take this summer
ALLISON FEWTRELL on what Plaid Cymru's historic election victory means for the communities being failed by Wales’s housing crisis, and four things the new government can do right now
France Insoumise MP JEROME LEGAVRE speaks to Christophe Domec on building the Europe-wide peace movement that came together in the International Conference Against War last weekend
At last weekend’s International Conference Against War, LINDA PENTZ GUNTER talks to the Palestinian physician and politician about the struggles ahead to achieve a truly free Palestine
THE impact of the Covid pandemic on many capitalist economies has had the effect of masking and disrupting their increasingly synchronised economic cycle. Growth rates in the major economies (the US, Germany, Britain, France and Japan) were stagnant or declining in 2019 and almost certainly heading for recession. Covid plunged them into deep decline in the course of 2020.
Thus, a virus — rather than capitalism — is being held responsible for the steep downturn that might well have happened anyway. And the fact that the downturn was so extreme means that the recovery looks all the more impressive — in mathematical terms at least — when coming up so quickly from such a deep trough.
Yet the speed and extent of the recovery — funded by state spending — is such that the major central banks are now worried about inflation and its impact on economic stability and currency values.
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