The US’s ultimate target is China

15th August 2017 Socialist Action 0

By Mark Buckley

The beleaguered Trump presidency has continued to ramp up its war rhetoric against North Korea. But the impediments to any attack, even a nuclear attack are substantial. The real target for the US administration is China.

The ‘Anglo-Saxon’ Political Crisis – from Reagan & Thatcher to Trump & Brexit

10th August 2017 Socialist Action 0

The following article by John Ross, setting out the economic forces underpinning the current political crises in the US and Britain, was previously published here by Socialist Economic Bulletin.

Every day the media reports deepening political destabilisation gripping both major ‘Anglo Saxon’ countries – the US and UK. Most important for the world, of course, is US political instability where almost daily crises hit the Trump administration – resignation of the President’s Chief of Staff, sacking of the head of the FBI, public attacks by the President on members of his Cabinet, virulent public and even obscene denunciations by the President’s advisers of each other, numerous Congressional investigations, sensational leaks from inside the national security agencies the FBI and CIA, open campaigns by key mass media such as the New York Times and CNN to remove the President etc. This US domestic political instability is clearly tightly intertwined with crises and developments in world politics – US relations with Russia, US disputes over the Iran nuclear deal, differences over US policy to China etc.

Growth in the G7 ‘Great Stagnation’ will be slower than in the Great Depression

27th July 2017 Socialist Action 0

The following article by John Ross, examining the current slow growth of the G7 economies, was previously published on Learning from China.

The Western G7 economies are in, and will remain locked in, very slow growth. How slow this growth is can be seen starkly by taking an historical comparison: the average growth in the Western economies in the entire period since the international financial crisis in 2008 will actually be slower than in the Great Depression after 1929!

Tories in trouble on Brexit

26th July 2017 Socialist Action 0

By Ian Richardson

The open warfare in the Tory Party with leaks from the Cabinet discussions and Ministers briefing against each other may be suspended temporarily during the summer holidays. But the Tories are in disarray on the decisive issue of Brexit, and their crisis is likely to deepen and hostilities resume ahead of the party conferences.