This document was approved by delegates at the 2021 World Congress of the International Marxist Tendency (full report here). It provides our general analysis of the main processes taking place in world politics, at a time marked by unprecedented crisis and turmoil. With dynamite in the foundations of the world economy and the COVID-19 pandemic still casting a shadow over the global situation, all roads lead to intensified class struggle.

We republish here the ‘Report on the World Economic Crisis and the New Tasks of the Communist International’, written by Leon Trotsky in June 1921. In this masterpiece of perspectives, which is highly relevant to the world situation to day, Trotsky analyses the nature of the organic, global crisis of capitalism, of a system being suffocated by its own mountains of debt, speculation and inflation.

We are living through a decisive turning point in history. At such times, it is natural to look for reference points or historical parallels. But nothing seems to really fit what we are experiencing.