Month: December 2018

Political Economy

The political power of central banks

The dominant ideological story of central banks is that removing them from the control of governments depoliticised them and made them neutral, “scientific” actors in the economy. The argument goes that, as economics developed into a science, with the primary aim of keeping inflation low, making central banks independent allowed […]

Political Economy

The growing debt crisis

Global debt is now becoming a major factor in the instability of the system of capitalism. Figures show that in the second quarter of 2018 global debt reached a new record, rising to $260,000 billion. Of this total, 61 per cent—$160 trillion—is private debt of the non-financial sector, while 23 […]

Ireland

Sombre assessments for unionism

“Oxford Union votes down motion on reunification of Ireland” read a recent headline in the Belfast Telegraph. It was the type of news story guaranteed to warm the hearts of delegates gathering in Belfast a few days later for the DUP’s annual conference. Coupled with the attendance at the event […]

Socialism

Successful British communist congress

It was this writer’s privilege and pleasure to attend the 55th congress of the Communist Party of Britain, held in London on 17 and 18 November, as a guest and representative of the Communist Party of Ireland. Well attended by comrades from England, Scotland, and Wales, there were also numerous […]

Culture

Celebrating an African Marxist writer

Ngũgĩ wa Thiong’o turned eighty this year. He has written prolifically. Arguably his most famous (non-fiction) book is Decolonising the Mind, about the constructive role that language plays in national culture, history, and identity. The reclaiming of African languages as keepers of memory, of African history, became central to Ngũgĩ’s […]

Socialism

Compassionate communists

Empathy is most often discussed in examples of its absence. The idea of a human as unempathetic is the stuff of nightmares, horror films, and late-night true-crime documentaries: the psychopath motivated to kill by an innate evil impulse. Like most dramatic pop psychology, this is an oversimplification. Psychopaths are as […]

Political Statements Socialism

Challenges facing the workers’ movement

Speech at the international communist meeting, Athens, by Eugene McCartan, general secretary, CPI Comrades, Imperialism is mired in an ever-deepening crisis. At the global, regional and national levels the system is now enmeshed, through its contradictions, in several interconnected crises—economic, political, environmental, cultural, and moral. It is the role of […]

International

Whose borders?

The ruling class have always used, and will always use, whatever means are at their disposal to divide the working class. This is done to control them and to increase exploitation and profits. We need to be cognisant of this at all times. Since the defeat of the Soviet Union, […]