Europe

Sooner or later the financial tsunami will run into the sand, but in its wake the real economy will be left in recession. The immediate crisis will have abated, but the sludge, mud, sewage and devastation lasts much longer. They're still mopping up the mud from the 2007 floods… how long will the recession last and how deep will it go?

An examination of the results of the recent vote in the different federations of the French Communist Party indicates a sharp shift to the left in the thinking of the membership since the previous congress. And the vote for the Marxists confirms this process.

PCF members have voted on which of the three alternative documents should be the base of discussion at the coming party congress in December. The document written by the comrades of La Riposte, "Renforcer le PCF, renouer avec le marxisme", obtained a resounding success which went beyond any expectations: 5419 or 15.04% of the total valid votes.

At the beginning of October the Swiss comrades of Der Funke took an important step forward in their work of spreading Marxist ideas in Switzerland by beginning the publication of their journal for the first time not only in German (Der Funke), but also in French (l`Étincelle) and in Italian (la Scintilla). These are the three main languages spoken in the overwhelming majority of the different regions of Switzerland, and this is therefore a very important step for the Swiss Marxists.

We have seen companies go under, banks on the verge of collapse, but in Iceland what we have seen is a whole country going bankrupt. Up until very recently Iceland was presented as the ideal place to live as a model for others to follow, but it was all based on mountains of growing debt.

Thousands of students took to the streets in Spain on Wednesday 22nd to protest against plans to privatise university education and also opposing any plans to make workers pay for the capitalist crisis through cuts in education, health and other public services.

Now a policy of wage restraint during a serious financial crisis is, sooner or later a finished recipe for an intensification of the class struggle in Britain. Already the strike figures for this year - before the recent financial meltdown - have outstripped last year's figures

Working class militancy is growing in Belgium as world capitalism goes into meltdown. Workers are learning very fast in this situation. They see plenty of money for the banks but very little for genuine social reforms. They also see a trade union and Socialist Party leadership totally incapable of giving any answers. Monday's trade union day of action brought all this to the surface.

Winston Churchill is one of the most famous figures in British history and the official approach is that it would be unpatriotic not to admire him. The purpose of this article is to draw aside the veils of myth and legend which establishment historians and fawning admirers have spun around him and look at the real Winston Leonard Spencer Churchill. The facts reveal a different man altogether.

We reproduce willingly this article that first appeared on the éirígí website. Faced with the current financial meltdown the author poses the choice bluntly: “Every person in Ireland has a choice to make. Do they support a ‘free’ market or do they support a free people? And if they choose a free people they need to make one more choice – to become politically active and join the struggle for a free, socialist Ireland.”

In the early hours of this morning (08.10.08), the government and the financial authorities have finally agreed an ambitious plan to save the banks. They present the £50bn bail-out as decisive action to stop the rot. In fact their hands were forced, and there’s no sign that it will stem the panic on UK stock markets in any case.

Ireland has been hit hard by the credit crunch. The country has gone from one of the highest rates of growth to bust. The government is being forced to intervene with guarantees, but as could be expected they are aimed at sustaining the rich not the ordinary working people.

On Wednesday around 100 people gathered in Bolívar Hall in London to attend what was a very successful launch of the English language edition of Alan Woods' latest book, Reformism or Revolution - A Reply to Heinz Dieterich. The debate revealed that as capitalism world enters into a deep crisis, the ideas of genuine socialism are alive and well. Now is the time to spread the ideas of revolutionary socialism. (Including the audio file of Alan Woods' speech).