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Victory to SYRIZA

8th June 2012 Socialist Action 0

By Nicky Dempsey

The Greek general election of June 17 will be closely watched by all the main political forces and classes in Europe. It marks the next phase in the struggle against the offensive to cut wages, public services and the incomes of the poor in order to restore profits.

Workers and the oppressed throughout the whole of Europe and beyond have a direct interest in a victory for those parties that oppose the current offensive.

Two classes, two responses to the crisis

1st June 2012 Socialist Action 0

By Nicky Dempsey

Martin Wolf, the chief economics commentator for the Financial Times, has laid out a devastating critique of current government economic policy in Britain. In a widely-reported article titled ‘Cameron is consigning UK to stagnation’ he says it is a scandal that the government has cut its own investment, especially when it can in effect borrow for free, as real interest rates are at zero.

photo by: mkhalili

Step forward in Greece as voters reject austerity

12th May 2012 Socialist Action 0

By Nicky Dempsey

The outcome of the Greek elections represents a decisive popular break with the politics of austerity. Persistent mass mobilisations over several years since the crisis began have resulted in a crushing defeat for the traditionally dominant parties in Greek politics. Parties who in different ways claimed to be opposed to the terms of the Greek bailout won a majority. After a prolonged period in Europe in which ruling parties carrying out cuts have been dumped at the first electoral opportunity, this is the first time since the crisis began that any country has registered a majority vote for parties against austerity.

Photo by: conservativeparty

Tories aid millionaires by intensifying the assault on millions

23rd March 2012 Socialist Action 0

By Stephen MacAvoy

George Osborne’s latest budget launched another assault on living standards of millions of people whilst defending narrow interests and further entrenched the policies that are creating economic stagnation. Only a clear break with these policies will prevent a detrimental impact on the living standards of the majority and years of slow growth.