Browsing Tag

capitalism

10 posts
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Young people: No future under capitalism — Global resistance on the agenda

Recently, the British pro-capitalist journal the Financial Times conducted a survey of more than 1,700 young people, to find out the main concerns and problems facing both Millennials and Generation Zers today. The results were stark but not surprising. When asked what their main problems in life were, respondents reported cramped housing, skyrocketing student debt and general insecurity in day-to-day life. As one 25-year-old respondent said:

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Capitalism & Covid-19: no future for young people

Although not the underlying cause, Covid-19 has been the trigger for a global economic downturn. The UK economy has now officially entered the deepest recession on record. Northern Ireland’s economy has proven to be particularly vulnerable to this and young workers are disproportionately impacted. The current situation further underlines that capitalism cannot provide for ordinary people and is incapable of offering young people a decent future. The need for socialist policies and a socialist transformation of society are more urgent than ever.

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Pride Month: Stonewall’s real legacy and the struggle for liberation

The Stonewall riots are one of the major milestones in queer history. The Stonewall Inn was a bar in the Greenwich Village area of New York, frequented largely by the poorest members of the LGBT+ people in the area. The police had a long history of conducting violent raids on the Inn and harassing the LGBT+ clientele. On 28th June 1969, the police once again entered the Stonewall Inn, with the intent of shutting it down permanently. They began to arrest people in the bar, but met resistance.

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How Deep is the Global Depression?

The world economy is being shaken as never before. 2.7 billion workers around the world — 81 percent of the labour force — are under lockdown or travel bans. Hundreds of millions risk acute starvation. And yet, no one knows how deep or long-lasting the depression will be.

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Keynes, the crisis of neoliberalism and why capitalism can’t be reformed

Covid-19 has turned the world upside down, making all that was considered impossible now seem possible. In the context of a new crisis for capitalism and the undermining of the neoliberal order globally, the ideas of the liberal economist John Maynard Keynes will increasingly gain traction in terms of the policies of capitalist governments, writes Cillian Gillespie.