Western economies slowing, Chinese upturn
Latest data show that the Western economies, led by the US, are once more slowing. At the same time China is experiencing a modest rebound in activity. This real divergence stands in sharp contrast to the propaganda in the Western media and from many economic commentators. The reality is that the source of the world economy’s stagnation is in the west and in particular in the weakness of investment in the Western economies.
The following article by Fiona Edwards and Aaron Kiely, reporting on the recent left advance in the National Union of Students, was originally published by Student Broad Left.
Last week’s NUS National Conference was historic. Malia Boauttia was elected NUS President – the first Black woman and the first Muslim to win this position in NUS’ 94 year history. It was also the first time since 1969 that an incumbent President lost their re-election.
The following article by Matthew Willgress, supporting Sadiq Khan for Mayor of London, was previously published by Labour Briefing. Labour’s campaign is correctly focussed on housing and public transport, two of Londoners' most pressing concerns about living standards. The Tories meanwhile are trying to whip up prejudice against Khan's race and Muslim faith, waging a smear campaign accusing him of extremism and links to terrorism. Reject Tory austerity and racism – Vote Labour!
Despite the ongoing and relentlessly negative noise – mainly not around key political or economic issues – from our biased media, Jeremy Corbyn’s leadership of the Labour Party has so far proven a success. In particular, the Oldham by-election was a great victory, seeing off a perceived challenge from UKIP.
The Labour Party offers the best hope for ordinary working people and their families at the forthcoming 5 May elections.
The Jeremy Corbyn leadership is putting forward the most progressive agenda the party has ever advanced, standing up for the general interests of the population by opposing austerity, racism and war. This situation, as previously described, is unprecedented in British politics.
Labour’s opposition was instrumental to the Tories’ Budget crisis
Less than one year after winning the General Election the government has suffered a significant setback under the pressure of Labour's attacks. The Tories have been forced to reverse a number of budget proposals, the Chancellor's reputation for competence is in shreds, a cabinet minister has resigned, Tory infighting has intensified and Labour has advanced in the polls.
By Barry Gray
John McDonnell's announcement of a 'Fiscal Credibility Rule' lays the foundation on which Labour can restore its economic credibility and correct the key policy failure that lost it the 2015 General Election. Jeremy Corbyn's anti-austerity agenda is now underpinned with a sound economic framework. These policies to improve people's living standards should set Labour's agenda for its fight against the Tories. To guarantee this advance can be maintained it is necessary to remove the threat of a leadership coup.
The following article by John Ross, setting out why the Chinese economy will not have a hard landing, was previously published by Socialist Economic Bulletin.
Some US hedge funds, echoed by parts of the international media, are currently trotting out the perennially inaccurate myth that China's economy is about to suffer a "hard landing." This invariably incorrect prediction has been periodically repeated for decades since China launched economic reforms in 1978. The claim then was that by failing to privatize companies, not adopting what became known as "shock therapy" in Russia and Eastern Europe, China condemned itself to stagnation. Instead in 1978-2015, China experienced average annual 9.6 percent GDP growth - the fastest by a major economy in human history.
Refugees welcome here – Join the 19 March protest!
The British government and media demonisation of refugees and their whipping up of other forms of racism is a key ideological component of capital's austerity offensive. The aim is to distract attention from the cause of declining living standards and divide the population so it fights amongst itself.
Labour lost the last general election because it had no economic credibility, as the overwhelming bulk of opinion polls show. John McDonnell’s new ‘Fiscal Credibility Rule’ decisively and correctly addresses that issue.
John McDonnell is restoring Labour’s economic credibility
The Labour leadership are seriously addressing the previous weaknesses in Labour's economic policy, that deprived the party of economic credibility - a major factor in it losing the last general election.
Support the Junior Doctors strike! Fighting for our NHS!
The Tory government has once more forced junior doctors into strike action. Industrial action in the NHS is extremely rare but under this government it is becoming almost common place.
By Thomas Leary
International Women’s Day in the centenary year of the 1916 Irish Rebellion is an opportune time to recall the life and struggles of Constance Markievicz, one of the leaders of the rebellion and lifelong advocate of women’s liberation, Irish national independence and revolutionary politics.
On February 25th, the European Parliament approved an EU wide arms embargo against Saudi Arabia until alleged breaches of international humanitarian law in Yemen have been fully investigated.
The article below by Ian Richardson, reviews the book A World to Build: New Paths toward Twenty-First Century Socialism by Marta Harnecker, and was originally published by Counterfire.
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