WorldCom – symptom of a sick system

Following close behind the Enron scandal, we now have the bankruptcy of another major US corporation, Worldcom, which has triggered huge stock exchange falls, not only in the US but also on all other major western exchanges, including the UK’s. We learn from this latest collapse that yet again tricky accounting inflated the company’s profits; … [Read more…]

Economic Crises and Possibility of a Major World Crisis

I would like, first of all, to express my sincere gratitude to the Central Committee of the Workers’ Party of Belgium for inviting us to this seminar and to convey our friendly greetings to all comrade delegates attending the seminar. The mankind that has just entered the 21st century is faced with a new challenge, … [Read more…]

Book Launch: Imperialism in the Middle East

“He who would understand the economics and the politics of the Middle East from the beginning of the 20th century, must learn to spell, pronounce and really grasp the significance and meaning of just the word – OIL.“This single word furnishes the key which unlocks the door to an understanding of all the burning questions … [Read more…]

Communalist outrages in Gujarat

India is a country where life for most of the population is precarious at best. Exploited and oppressed, the people seethe with hatred as a result of the injustices that are their daily lot. The Indian ruling classes, however, have always been masters at deflecting the hatred of the oppressed masses away from themselves, who … [Read more…]

The Threat of War between India and Pakistan

From week to week, the likely site of the next phase of crisis-driven war fever shifts. All that remains constant is the world capitalist crisis itself, which is what has brought us all to this pass. Current speculation over the likely death toll that could result from an Indo-Pak nuclear exchange, with a figure of … [Read more…]

My Visit to Korea

Between 15 and 22 June, in my capacity as the President of the Society for Friendship with Korea (SFK), I visited the Democratic People’s Republic of Korea (DPRK) at the invitation of the Korean Committee for Friendship with the British People (KCFBP). The occasion for my visit was provided by the Mass Gymnastic and Artistic … [Read more…]

People’s war marches on in Nepal

Until recently, very few people in the West have been aware that for the last six years, Maoist guerrillas in Nepal have been waging a revolutionary struggle against a reactionary feudal regime. In a country where the mass of the people are impoverished by feudal relations combined with imperialist exploitation, the Maoists have won over … [Read more…]

Consignia: death by a thousand cuts

The Post Office, lately known as Consignia plc, but apparently now changing its name back to Royal Mail, has been for the last four years under attack from the vultures of privatisation. It owns three businesses: the Post Office, the UK mail delivery service and a parcels delivery service. Capitalist profiteers are salivating at the … [Read more…]

Immortal heroes of Jenin

In 1897, the day after the First Zionist Congress in Basel, Theodor Herzl, wrote in his diary: “In Basel I founded the State of the Jews.” This week, Ariel Sharon should note in his diary: “In Jenin I founded the State of the Palestinians.” Of course, he did not mean to. His intention was to … [Read more…]