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The globalization of production

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Fallout from global IT failure continues for third day

The impact of the crashing of millions of computer systems running Microsoft Windows at businesses, government offices and critical infrastructure organizations around the world continued over the weekend.

Kevin Reed

Deutsche Post DHL workers: Take the strike into your own hands

We have made it clear with our warning strikes and protests in recent weeks that we want to fight for our demands. But we must prepare ourselves for the fact that the Verdi union will do everything it can to prevent industrial action.

Postal Workers Action Committee

Growing recessionary trends in major economies

The marked downward shift in the major economies is not the result of a conjunctural shift in the business cycle, to be followed by an upturn, but is one aspect of a general breakdown of the global capitalist economy.

Nick Beams

US/NATO-provoked war in Ukraine creates food crisis in Africa

The United Nations has warned that the war risks tipping 1.7 billion people, one-fifth of the world’s population, into poverty, destitution and hunger—a horrifying scenario the imperialist powers are utilising to step up their warmongering in the Black Sea.

Jean Shaoul

China’s Evergrande crisis at a turning point

The key issue in the Evergrande crisis is whether the government and financial authorities will be able to stave off the effects of the developing slump in real estate and property development on the broader economy.

Nick Beams

What workers need to know about the Fiat Chrysler-PSA merger

The formation of the new transnational giant marks new milestones in both the global integration of production and the protracted decline of America’s industrial dominance, while heralding intensified attacks on workers’ jobs internationally.

Marcus Day

Canada and the United States resume aluminum tariff war

An unholy alliance of Ontario Premier Doug Ford, the federal Liberal government, and the United Steelworkers and Unifor trade unions is whipping up Canadian nationalism to justify retaliatory tariffs in answer to Trump’s “America First” protectionism.

Carl Bronski

Oil price plunge continues

Trump has indicated government bailout measures for the industry may be forthcoming after his failed attempt to halt the price slide by having Russia and Saudi Arabia cut production.

Nick Beams

The COVID-19 pandemic and the rise of economic nationalism

The pandemic has made clear that the tiny minority of corporate and financial oligarchs, and the profit system over which they preside, stand as an obstacle to the rational organisation and scientific planning of the economy and society necessary to deal with the threat to human life.

Nick Beams

The Global Economic Breakdown—A Marxist Analysis

Nick Beams to address University of Western Sydney students

Socialist Equality Party (Australia) national secretary Nick Beams has been invited by the University of Western Sydney Schools of Law and Economics and Finance to deliver a guest lecture on the global financial crisis.

Internationalism and the struggle for socialism

The following is the text of a report given by Nick Beams, national secretary of the Socialist Equality Party (Australia), to the WSWS/SEP/ISSE regional conferences, “The world economic crisis, the failure of capitalism, and the case for socialism.”

Nick Beams

A lecture by Nick Beams

The World Economic Crisis: A Marxist Analysis—Part 4

The following is Part 4 of a lecture delivered by Nick Beams, national secretary of the Socialist Equality Party (Australia) and a member of the International Editorial Board of the World Socialist Web Site, to audiences in Perth, Melbourne and Sydney in November and December, 2008.

Nick Beams