Growing up during the cold war, China was a distant, mysterious, menacing spectre. During my new left years, during the cultural revolution, China became a beacon of possibility, when masses seemed to be examining the foundations of knowledge and pushing at the boundaries of the social order. Then it seemed […]
Economics
Enshittification
My first car was a 1990 Mitsubishi Colt, which I picked up for €500. Although I did not love it at the time, I have recently been reminiscing about it. With comfortable seats, an ergonomic design and a reliable engine, I even remember the smooth motion of the door as […]
No Basis for Wage Restraint in This Economy
Recent reports on the Irish economy show that Modified Domestic Demand, a better estimate of economic activity than Gross Domestic Product (GDP) in Ireland because it strips out some of the distortions caused by foreign multinational activity, rose by 0.3% between Q4 2025 and Q1 2026, spurred by personal spending […]
The Anti-Migrant Argument: Deporting the Workers We Depend On
Across Ireland, north and south, immigration has become one of the defining political issues of recent years. From the racist violence witnessed in Belfast to protests outside accommodation centres and anti-immigration demonstrations across the country, a familiar political argument is repeatedly advanced. Migrants are blamed for housing shortages, overstretched public […]
Aer Lingus Job Losses Expose the Cost of Economic Dependence
The Communist Party of Ireland expresses its solidarity with the workers and families affected by the announcement that up to 500 jobs are to be cut at Aer Lingus. The Communist Party supports trade unions in opposing compulsory redundancies but urges unions to demand nationalisation. These proposed redundancies are not […]
Government’s Summer Economic Statement
The Government’s Summer Economic Statement sets Budget parameters for 2027: an €8.5 billion package, involving €7 billion above the 2026 expenditure ceiling and €1.5 billion of tax measures. The €1.5bn announced for tax measures likely signals changes to income-tax bands, thereby preventing what is known as ‘fiscal drag’ – when […]
Global Shifts, Local Struggles
As we move into the summer, developments demonstrate continuing instability and geopolitical reorganisation of global capitalism. Throughout May and June, inflation remained stubbornly above target. As the business press reports, capitalists are no longer assuming an automatic return to the ultra-low-inflation world that characterised the 2010s; access to cheap capital […]
A Full-court Press of Political Lobbying by Business
We are witnessing a full-court press of business lobbying against workers’ rights – specifically, for the focus of this article, but against so-called ‘gold-plated’ regulations more generally. Pay Transparency is meant to be legislated for and in place from June by the Government in Dublin. However, they have now said […]
A Strategy of Power, Not Petition
Ireland is experiencing an inflationary slowdown. Forecasts point to growth falling from expectations of near 3% to now 1.6% for 2026. Higher energy prices, alongside the decline in last year’s exports surge, feed that dynamic. Inflation is likely to register at least 3.3% in 2026. There are already signs of […]
Faultlines in Capitalism
The rapid expansion of private credit over the past decade, previously discussed in October’s Socialist Voice (“IMF Fears Looming Capitalist Crisis”), has created a fragile pillar of global finance. Now estimated at roughly $2 trillion, the sector has grown by extending loans to riskier, often highly leveraged companies. As detailed in October, […]
War, Inflation and Profit
The Iranian war exposes capitalism’s core logic: upward wealth transfer and economic instability driven by profit, speculation and debt. Rising energy prices, triggered by the war, are accelerating inflation and rippling through the economy, with knock on effects, either now, sooner or later, for transport, food and business costs. That […]
Productivity’s Hidden Value Transfer
The billionaire Collison brothers, founders and owners of Stripe—one of Ireland’s most successful companies—are no strangers to political-economic interjections. Previously they have criticised Government inadequacy in the areas of housing, transport and core infrastructure. This time, a report funded by them, authored by Professor Alan Ahearne, takes aim at Ireland’s […]
Reformism and Liberalism
Reformism and liberalism manifest themselves in all sorts of ways. They are so endemic that they have become part of the human psyche. They are a central part of protests and campaigning, no matter what the cause. They have become the hallmark of perceived victories and achievements in campaigning. To […]
Dependency and the Structure of Irish Capital
James O’Toole’s recent article on “comprador theory”[https://rednetwork.net/red-theory/2026/02/comprador-theory-lets-the-irish-rich-hide/] raises an important and serious political concern. He is right to insist that the Irish ruling class must not be portrayed as innocent intermediaries. Irish capital exploits. The Irish state defends class interests. Irish firms extract surplus both domestically and internationally. Any analysis […]
Capitalism: An Inhuman System of Exploitation
With Donald Trump drawing so much attention to his outrageous demands and acts of international piracy, it is hardly surprising that, with notable exceptions, little attention is paid in Ireland to problems caused by the European Union. One exception is the CPI. Opposition to the European Union has been party […]
Geo-Political Rivalry and Working-Class Insecurity
In recent days, Irish media and the political establishment have sounded the alarm about the escalating dispute between the European Union and the United States, warning that new tariff threats and the possible unravelling of last year’s trade deal could have serious consequences for the Irish economy and jobs, particularly […]
