Financial Times admits capitalism hits your income

28th June 2011 Socialist Action 0

By Brian Jowells
In a serious admission the Financial Times, which cannot be accused of pro-socialist bias, has set out the facts on how capitalism, at least in the imperialist economies, now makes you worse off. In an article under the title ‘Spectre of stagnating incomes stalks globe’ it notes:

‘In the postwar years, there was a belief in developed economies that each generation could expect to have materially better living standards than their parents. Yet the outlook for income growth has rarely looked worse than it does today…

Photo from: www.minci.gob.ve

Latin America and socialism of the 21st Century

24th June 2011 Socialist Action 0

By Stephen MacAvoy

The most advanced political struggles in the world today are taking place in Latin America, specifically in Cuba and Venezuela where forces representing the working class have conquered state power, broken with imperialism and continue to consolidate their own revolutions and assist the leftward advance across the continent.

By Manic Street Preacher

Ed Balls speech can put Labour on the offensive

17th June 2011 Socialist Action 0

By Jane West

The highly flagged speech made by Ed Balls, the Shadow Chancellor, at the London School of Economics on 16th June potentially can help put Labour on the offensive against the Tories’ disastrous economic policies. It does not go far enough but is a welcome step forward.

Major strike action called for 30th June

7th June 2011 Socialist Action 0

By Tom O’Donnell

The first simultaneous strikes against the government’s policies seems inevitable at the end  of June.  Following the upsurge of student protest at the cuts to higher education, and allowances and the hike in fees it was no coincidence that the first union to take major action was the college lecturers’ union the UCU, followed by a series of local actions by the teacher’s union NUT.

Globovisión

Peru victory further consolidates continent’s left shift

7th June 2011 Socialist Action 0

By Stephen MacAvoy

The victory of Ollanta Humala in Peru’s presidential election on Sunday (5 June) marks a further consolidation of the left in South America, a defeat for the right-wing current cited as the alternative by those opposed to the continent’s leftwards shift and a further weakening of the United States’ influence in the region.