Communist Workers' Organisation

Capitalism's New Economy: The Booming Financial Sector

Part three of this series was published in 2005, two years or so before the great financial crash when the economic pundits were lauding the move away from manufacture to 'business and financial services'.

The Drums of War in the Gulf

The article which follows is taken from the new edition of Revolutionary Perspectives (#14) which is just out. It was obviously written before the events which followed the British Navy’s seizure of the Iranian tanker, the Grace 1, off the coast of Gibraltar, but the substance of the analysis has not changed.

Capitalism's New Economy: The Value of Capitalist Services

This second article in our series examines what is meant by ‘services’ and their apparently key role in the richest capitalist states where moving away from production of commodities is regarded as essential to economic advancement. Indeed, despite the setback of the 2007/8 financial crash, World Bank figures show that ‘services’ represent a higher proportion of GDP for the world economy as a whole. For the UK 77.4% of GDP was attributed to ‘services’ in 2018.

Thunberg's Call for General Strikes: The Confusions of a Liberal Protest

The Youth Climate Protest have turned to the mass strike as a weapon of protest. Unconsciously, they have grafted one of the major elements in the struggle for working class revolution onto their "utopian-reformist" demands. In doing so they distort the real meaning of such a strike.

Capitalism's New Economy: The Case of the UK

The article here, the first in a series on what was then dubbed the "new economy", originally appeared in the CWO's political journal, Revolutionary Perspectives, in 2005.

Sudan: The Dictator Goes but the Regime Lives On

Since December last year Sudan has been seething but it now looks like the Army have reasserted control. What started as bread riots last December, in the historic working class city of Atbara, transformed itself into a campaign of mass civil disobedience.

Teesside Construction Workers Challenge the State

On Thursday 30 May construction workers at the Tees Renewable Energy Plant, owned by MGT Power, walked out in a wildcat action over safety conditions at the site. When workers act on their own class terrain they begin to challenge the capitalist structure as a whole.

Iran and the USA on the Warpath?

Whether this situation of neither war nor negotiation, or ‘a bit of war, a bit of truce’ is going to last for a long time or will be temporary, one thing is certain. Neither Trump nor Khamenei, despite their desires and intentions, will ever be able to bypass the impasse that the present crisis is creating.

Brexit or Remain: A Choice of Tripe at the End of May

The crisis in the capitalist party political system has become even more acute during May. Two sets of election results have shown that the Labour v Conservative Punch and Judy show has, at least for the time being, lost its ability to call all the shots.

ANC: The Chosen Party for South African Capitalism

The victory of the ANC in the South African election has yet again shown it is the capitalists’ chosen party for running South African capitalism. Its primary role is organising and enforcing the exploitation of the working class even when this means downing strikes in bloodshed as we saw at Marikana in 2012 (see leftcom.org).