China won’t have a hard landing – because it is not a capitalist economy

16th March 2016 Socialist Action 0


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.

Notes from the front – of 15/3/2016

15th March 2016 Socialist Action 0


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.

John McDonnell lays the basis to restore Labour’s economic credibility with the ‘Fiscal Credibility Rule’

14th March 2016 Socialist Action 0

The following article by Michael Burke, on the economic framework being set out by Labour’s Shadow Chancellor John McDonnell, was previously published by Socialist Economic Bulletin.

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.

Notes from the front – of 11/3/2016

11th March 2016 Socialist Action 0


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.

Notes from the front – of 9/3/2016

9th March 2016 Socialist Action 0


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.