A speech given by Alan Woods at the August 2004 international gathering of the International Marxist tendency, in which he outlines the general lines of development of the crisis of capitalism today and the effects this is having on the class struggle internationally. The capitalists have no solution to the crisis of their system, therefore in the long run revolution is the only way out.

“What we are discussing here is the world revolution. Globalisation manifests itself now as a global crisis of capitalism. That is the inner meaning of these shocks and crises and wars, which are already beginning to shape the psychology of the new generation of fighters.” Second part of Alan Woods’ speech at the August 2004 international gathering of the international revolutionary Marxist tendency.

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