The historic and contemporary significance of the 1916 Easter Rising

30th March 2016 Socialist Action 0

By Stephen Bell

In 1916 the Easter Rising represented the resumption of the struggle for Irish freedom. The decision in 1914 of the Irish National Volunteers and the Irish Parliamentary Party to support the British government in the inter-imperialist war effectively subsumed the national movement. By 1916 hopes for an early victory by either side in the war had disappeared. It was time to reclaim hope for Ireland at home, from its slaughter overseas.

Why China can achieve its 6.5% growth rate target

24th March 2016 Socialist Action 0

The following article by John Ross, explaining why China can achieve its 6.5 per cent growth target, was previously published by Socialist Economic Bulletin.

Economic targets for China were announced during the National People’s Congress of at least 6.5% annual GDP growth during the 13th Five Year Plan in 2016-20 and 6.5%-7.0% for 2016. Some Western economists claim such targets cannot be achieved. In fact, analysis of supply side factors, which will primarily be relied on to achieve these goals, shows clearly why China can achieve its 6.5% minimum growth goal.

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.