Costas Lapavitsas, a leading Marxist economist, spoke to International Socialism about the unfolding financial crisis and its lessons Can you explain how the current crisis, centred on subprime mortgages, developed in the US economy? As with all credit and financial… Continue Reading
There are two sorts of defeats the left can suffer. There are devastating defeats that set it back years or even decades. And there are small defeats from which it can learn. The defeat for Hugo Chavez’s referendum on a… Continue Reading
The title of an article we ran on Pakistan 18 months ago was “On the Edge of Instability”. Now the country is well inside the arc of instability created by the “war on terror”, adding to the multitude of problems… Continue Reading
The Brown bounce has become the Brown belly flop—and one into an ever stormier ocean. The immediate source of New Labour’s misery is obvious. Those who live by the image die by the image. Nothing distinguishes Labour’s post-Thatcherite programme for… Continue Reading