The ‘Great Stagnation’ and spreading world social instability

19th January 2014 Socialist Action 0

By Peter Wilson

Five years into the current economic crisis it is possible to see beyond the immediate impact of the global financial crisis and recession to see clearly some of the structural shifts that have taken place. A key change that has taken place is a sharp fall in capital creation, and therefore investment, in the imperialist countries. Given that investment is responsible for the bulk of economic growth, there is no immediate possibility of rapid growth in these economies being recreated. The cumulative effect of the resulting economic stagnation in the imperialist centres lies behind the spreading of social and political instability to widening areas of the world.

Mandela tributes show links between the national liberation struggles in South Africa and Ireland

18th December 2013 Socialist Action 0

By Frances Davis

One of the most inspiring moments in the days of tribute following the death of  Nelson Mandela has been the way in which it has highlighted the connections between the leaderships of national liberation struggles spanning continents – from South African to Cuba and to Ireland. The critical role of the Cuban leadership and people in helping defeat apartheid was given significant prominence in South Africa at the memorial service with the speech and presence of President Raul Castro.

In addition, and of particular note for the left here, was the prominence given to the connection between the Sinn Fein leadership and the ANC, where decades-long links with the struggle against apartheid and Irish republicans came to the fore.

Photo by: ussocom_ru

Al Qaida is imperialism’s offspring

26th January 2013 Socialist Action 0

By Tom Castle

Representative of both French and British imperialism have begun to talk of prolonged military operations in North Africa, lasting a decade or more. Although the US wishes to limit its own commitment of troops to the adventure, the sentiments were echoed by departing Secretary of State Clinton.

Photo: German Federal Archives Georgii Zelma

The 70th Anniversary of the Nazi defeat at Stalingrad

25th January 2013 Socialist Action 0

By Jane West

The battle fought across the Volga River in Stalingrad from summer 1942 until 2nd February 1943, which cost the lives of an estimated half a million Soviet solders was one of the greatest and most decisive class struggles in history. It broke the back of Hitler’s Eastern army and ensured Nazi defeat in the Second World War.