The Crisis of Capitalism and the tasks of the Marxists – Part One. Photo: Jeff Mcneill.

We are making available to our readers the final version of the 2010 World Perspectives document, which was amended and passed unanimously by the World Congress of the IMT in Marina di Massa on August 7, 2010. Part One analyses the world economic crisis, looking into the different factors that led to the most serious crisis of capitalism since the 1930s.

The discussions on World Perspectives are the foundations from which everything else flows in terms of the perspectives and work in each country, our priorities, tasks, etc. The instability on a world scale has only deepened since the World Perspectives document was drafted, in the autumn of 2009. But the main lines of the perspectives have been entirely confirmed by the march of events. The following is a summary of the main points in the lead-off given by Alan Woods at the 2010 World Congress on the basis of notes taken by delegates.

After talk of the so called "credit crunch" gave way to optimistic comments about the "green shoots" in the economy, events in Greece caught the bourgeois commentators unaware. Now the world economy has once again been plunged into chaos and uncertainty as the governments of Europe try to contain the fall-out from the near-default of Greece and it is the workers who will be presented with the bill.

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