labour

Capitalism's New Economy: The Working Class

On re-reading this piece, what is striking about the picture of the working class in capitalism's self-styled service economy in 2006 is how much it resembles the situation today. After decades of capitalist restructuring in the face of problems stemming from the declining rate of profit (problems by no means confined to the economy of the UK) there are now recognisable constants in the socio-economic profile of the 'restructured' working class.

Capitalism's New Economy: The Illusion of a Productive Economy

Part four of this article was written before the biggest financial crash was followed by the biggest banking bail-out in capitalism's history, yet it is interesting to see that essentially the same economic profile presents itself today.

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'.

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.

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.

Are Broken Windows Worth Our Tears?

A meme embracing the attack on the Labour Minister’s Office, using left-icon Gri

When will Ontario Labour confront the violence of the State? How weak responses from social democratic Ontario Federation of Labour demobilize militancy

Are Broken Windows Worth Our Tears?

A meme embracing the attack on the Labour Minister’s Office, using left-icon Gri

When will Ontario Labour confront the violence of the State? How weak responses from social democratic Ontario Federation of Labour demobilize militancy

Durham Teaching Assistants – Not Finished Yet?

The solidarity and determination of the Durham Teaching Assistants has been an inspiration to other workers throughout the North East and beyond. More than once they refused to accept a deal which would have meant a complete cave-in.

Durham Teaching Assistants – Conned by the Labour Movement

The solidarity against injustice and the self-organisation of the Durham Teaching Assistants was, as we wrote in July, an inspiration to other workers throughout the North East and beyond (see leftcom.org). Their refusal to allow 25% of their colleagues to be sacrificed for the sake of a sordid deal with Durham County Council has deservedly earned the TAs (or Lions of Durham as they were labelled) the admiration of many.