Month: March 2017

Supporting Corbyn and opposing Brexit

20th March 2017 Socialist Action 0

By Jane West

There are two distinct projects in Britain to drive down the living standards of the working class and so drive up profits. One is the project of European Union big capital, which is to drive down the share of the economy that goes to the working class and raise profits, through slow attrition meaning a permanent squeeze on public spending, reducing the welfare state and wage decline or low growth. The other is the Brexit project which is an immediate and ferocious assault on living standards, trade union rights and public services.

There is no ‘People’s Brexit’

10th March 2017 Socialist Action 0

By Tom O’Leary

The certainty that Brexit will push living standards lower is not really a forecast- it is already happening. Immediately following the referendum the pound fell sharply and has more or less stayed at that lower level since. The 13 per cent decline means that CPI inflation is moving remorselessly higher and will continue to do so. Higher inflation means lower wages and incomes in real terms.

Photo from: johnriddell.wordpress.com

Russia’s February Revolution – led by women

8th March 2017 Socialist Action 0

The first Russian Revolution of 1917 – known in all the historical literature as the February Revolution – actually began on International Women’s Day March 8, which under the old style Russian calendar falls in February. This revolution was led by women.