This is an old story that is told in Marxist circles, still relevant, and never loses its novelty. It’s a conversation between a little girl and her mother during a cold winter evening in London when the father has not returned after going out in search of a job. The […]
Tag: Crisis Capitalism
Capitalism is killing the planet
Before the Industrial Revolution, human activity did not create new, global environmental conditions that could translate into a fundamentally different stratigraphic signal. Since then, however, the exploration of coal, oil and gas, in particular, has enabled worldwide industrialisation, construction, and mass transport, producing a wide range of changes that leave […]
The possibility of a perfect storm grows
The economic crisis facing the Government continues to grow. While economic data paints a much rosier picture of the economy, thanks to the dominance of foreign direct investment (i.e. transnational corporations), the pandemic is having a wider and more lasting impact on the domestic economy, in particular on small and […]
Understanding the crisis – and preparing for what is yet to come
The CPI, in conjunction with Socialist Voice, streamed two talks in September under the title “Economics for Workers.” The guest speaker on each occasion was a leading Marxist economist. The thread that linked the interviews by Graham Harrington of the CPI was an attempt to understand the current crisis (or […]
Capitalism is the virus
The global coronavirus pandemic has exposed the crass nature of the capitalist system. In the early days, the so-called developed world hijacked, stole and diverted entire shipments of personal protective equipment; America purchased the entire global stock of the important covid-19 drug Remdesivir; more than a thousand people on the […]
European Union – Despite recent agreement, the fault lines deepen
The much-heralded recent “Next Generation EU Agreement” between the member-states of the European Union is little more than the papering over of growing and deepening cracks. The lack of a co-ordinated response to the covid-19 pandemic exposed the underlying fault lines within the European Union, contributing to and speeding up […]
Economic update: July
We are in the first moments of an economic crisis more serious than anything experienced in living memory. The World Bank’s “baseline forecast” envisages a “5.2 percent contraction in global GDP in 2020—the deepest global recession in eight decades.”[1] Even that assumes we are living through the most optimistic scenario. […]
The EU and Covid-19
Writing in the Irish Times on 17 April, the Spanish academic Javier Cercas described the EU’s response to the covid-19 pandemic as having been slow, stingy, and fearful. It is a view shared by many, especially those in southern Europe. Indeed the Italian prime minister, Giuseppe Conte, went so far […]
Containing by restraining
Nothing worries an established ruling class so much as a series of unpredictable events over which they have no control. This is especially so when these events pose questions about the stability of the status quo. There can be little doubt that developments over the last six months have given […]
Is this the beginning of the end, or the end of the beginning?
AMONG OTHER brutal passings, going into May we pay tribute to Marx’s one and only paramour: the Paris Commune. “Its martyrs are enshrined in the great heart of the working class,” declared Marx, while Connolly, thirty years later, argued: “The Commune, if it had been successful, would have inaugurated the reign of real freedom the world over—it would have meant the emancipation of the working class.”
The capitalist mode of destruction
The capitalist mode of destruction – Eoghan O’NeillDownload The great global crises (they come in threes) On Thursday 12 March many of us watched Leo Varadkar announce (in Washington) “the closure of schools, pre-schools and further and higher education settings for a period until 29 March 2020, to support efforts […]
Covid-19 and the global economy
Is coronavirus the problem? Over the course of the next few years we will hear the same excuse over and over again. The social and economic crises we are experiencing the first moments of will be levelled at the feet of the coronavirus pandemic in 2020.1 Like all great lies […]
The world we all knew is gone, a new one has yet to be born
“It is easier to imagine an end to the world than an end to capitalism.” Fredric Jameson The global coronavirus pandemic has spread across the world, leaving incalculable, indescribable tragedy in its wake. The lives of every human being on the planet are being today, or will soon be, somehow […]
One Ireland, One Solution, One All-Ireland Constitution
The CPI expressed its solidarity with all those affected and who will be affected by this growing health crisis, and to the health staff and emergency services in the front line. The health services across the country from Belfast to Cork are wholly inadequate, having experienced over a decade of harsh austerity cuts, bed closures, lack of investment, staff shortages and the prioritisation of private corporate medicine over a decent well-funded public health system.
Signs of the next economic crisis
Over the past two months we’ve been reminded constantly about the supposed health of our economy. Unfortunately, things are not as healthy as cherry-picked statistics might suggest—as anybody looking for a hospital bed or a home can clearly see. We’re highly vulnerable as a small, open economy to the vagaries […]
Trump is just the vulgar face of an increasingly violent neoliberalism
Let’s hear it for the Donald. A round of applause for the great educator. In the face of criticism, ridicule and condemnation, the US president crossed the Atlantic and delivered a virtuoso performance. No other occupant of the Oval Office has visited Europe and provided such a clear and unambiguous […]