Fighting global capitalism

Fair trade, free trade, and socialism

Trade is a vital part of the neoliberal economic, political and ideological regime that now dominates the world economy and most national states. At various summits in recent years the world’s most powerful governments have promised to introduce a better deal on trade, aid and debt for the world’s poorest countries, especially in Africa. At the same time, there are many charities and NGOs making proposals to make trade fairer. A number of organisations came together in 2006 in the Make Poverty History coalition, call for trade justice. Others advocate buying only goods with the fairtrade mark...

A balance sheet of "Corbynism"

Just over a year after Jeremy Corbyn was elected, in September 2016, the new Labour Leader addressed the Burston Strike Rally in Norfolk.

Edinburgh Central sends radical "global climate justice" policy to Labour conference

Republished from Momentum Internationalists Edinburgh Central Constituency Labour Party has decided to send the "Global Climate Justice" motion which left activists successfully put forward in Momentum's policy primary to Labour conference (see text below). Vijay, the the CLP's Political Education Officer and one of its conference delegates, explained why Edinburgh Central wanted to call for democratic public control in the financial sector: "Regulation simply isn't enough - we need to nationalise the banks and financial sector because we cannot allow that much capital and power to remain in...

Socialist Worker and the banks

The SWP's paper Socialist Worker has published a number of articles (rightly) praising Extinction Rebellion's focus on the City of London.

HSBC profits and bonuses soar while it vandalises society. Expropriate the banks!

UK-based international banking and finance giant HSBC has increased the “bonus pool” for its bankers by 50%, to £650m, after its profits grew more than fourfold in the second quarter of 2021. It says it may increase it further before pay-outs early next year. Last year HSBC paid 324 of its bankers more than £850,000 in salaries and bonuses, while eight received more than £4m and one more than £8m. This comes hot on the heels of HSBC being embroiled in a major international money-laundering scandal; the revelation that it was the second biggest UK financial backer of companies in the coal...

Bank workers and transforming finance

Sam Myerson, until recently a worker at one of the big banks, spoke to Solidarity. Until a few months ago I worked in IT, for one of the big six in the UK. We were a ‘global team’, working with colleagues in many countries in Europe and Asia. I did that job for six years and different jobs in the same organisation before that. I don’t think the issues we faced were unique to my company. From working with others I have the impression it is similar across the sector. A lot of the changes we had to manage were driven fundamentally by cost-cutting, by attempts to eliminate human labour from...

Iranian regime in crisis – workers fight back against neoliberalism and repression

We republish this interview with Morad Shirin of the Iranian Revolutionary Marxists' Tendency and the Shahrokh Zamani Action Campaign about the current wave of strikes and workers' struggles in Iran. Originally published by the Greek socialist group Xekinima. For more see the Shahrokh Zamani Action Campaign website. In Iran, for more than a month now, over 100,000 oil, gas and petrochemical contract workers in over 20 provinces are on strike and despite hundreds being sacked, the strike has spread to 115 facilities. We spoke with comrade Morad Shirin from the Iranian Revolutionary Marxists’...

Get socialists organised!

What do we mean by socialism? More here The Institute of Economic Affairs (IEA), a right-wing think tank, is mildly alarmed. It takes its new research indicating that young people are mostly sympathetic to socialism seriously, and urges supporters of capitalism not to dismiss it as “social media hype”, temporary “student radicalism” or a “passing fad which ended with Jeremy Corbyn’s resignation”. It calls its findings a “wake-up call” and a “challenge”. They are also, and even more, a challenge for socialists. The research commissioned by the IEA involved polling just under 2,000 people in the...

What is socialism?

In our editorial this week we argue to “get socialists organised”. What do we mean by socialism? We fight for emergency policies, like taxing the wealth of the super-rich and public ownership of key industries and corporations, to allow action to halt and reverse ever-greater inequality and to slow down climate change. We fight to build a stronger workers’ movement, including trade unions, to win these steps. But the wealth of the super-rich and their power to increase it are deep-rooted in the fact that they own and control the main systems for producing wealth, giving them control over the...

The G7: resistance in Cornwall

More photos below article My trip to Cornwall to demonstrate around the G7 summit (11-13 June) felt a bit like a set of concentric circles: I was part of and helping to cohere a delegation of Workers’ Liberty supporters and friends; we were seeking to imbue socialist politics, internationalism, and a working-class orientation into the wider anti-G7 movement; and that movement was challenging the G7 and the politics they represent. It was only en route towards the most southwesterly tip of this island, cutting through the darkening fog in a car-share with newly-acquainted comrades — and...

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