The lead article in the new World Revolution starts off by talking about the bourgeoisie’s fear of a new explosion in the economic crisis. Following the instability in China, the fall of the oil price, and the growing impact of these phenomena around the world, several authorities have already released statements warning of "deflationary crashes" for 2016.
As a communist organisation, the ICC attempts to follow and interpret the significance of capitalism's economic development. However, we are a small organisation and tracing the development of a global crisis can be challenging.
With this thread, we are opening a discussion that anyone can contribute to and that will keep tabs on key economic developments. By producing an easily accessible repository of links to articles, we can create a resource for both the organisation, but also our sympathisers and the wider milieu, to refer to when reflecting on these difficult questions.
As a minimum, linked articles should be accompanied by some sort of indication of their relevance.
Of course, following the crisis is not merely a question of accumulating facts. The bourgeoisie puts its own spin on the facts, sometimes minimising the gravity of the crisis, sometimes sowing panic with deliberate exaggerations, as we saw in the ‘Credit Crunch’ of 2008 . Understanding the evolution of the crisis is above all a theoretical and political task, so we would encourage comrades to interpret the immediate events from a broader, and deeper, historical framework.