Why is capitalism drowning in debt?

Submitted by World Revolution on 12 December, 2011 - 22:15

The global economy seems to be on the brink of the abyss. The threat of a major depression, worse than that of 1929, looms ever larger. Banks, businesses, municipalities, regions and even states are staring bankruptcy in the face. And one thing the media don’t talk about any more is what they call the “debt crisis”.

The answer is not financial regulation but overthrowing capitalism

Submitted by World Revolution on 3 October, 2011 - 20:55

The declarations made by London trader, Alessio Rastani, are feeding one of the biggest lies of recent years: that the planet is in trouble because of finance, and only because of finance: “It’s Goldman Sachs that rules the world”. And all the voices of the left, of the extreme left, of the ‘anti-globalisation’ brigade join in this chorus. The real truth is that crisis lies at the heart of capitalism itself.

Capitalism in meltdown: is there a working class response?

Submitted by ICConline on 4 September, 2011 - 16:47

The ICC's next Public Forum in London will focus on some of the most important developments in the world situation in the last few months: the 'debt crisis', social revolts, the war in Libya and the riots in the UK. All welcome.

Public Debt Crisis: Capitalism is Heading towards New Convulsions

Submitted by Internationalism USA on 30 January, 2010 - 15:09

After more than two years of grim economic news, last year came to a close with cheers for the supposedly "budding" economic recovery. However, so far 2010 does not seem very promising.

The crash: When the debts have to be paid

Submitted by International Review on 3 July, 2009 - 09:52

What point has the crisis reached?

The crash: When the debts have to be paid

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