The 15th January decision by the Swiss National Bank (SNB) to revoke the cap on the Swiss Franc has sent shivers around the globe. The Euro-Swiss Exchange rate crashed rapidly, followed closely by the SMI (Swiss Market Index) share prices. This marks the end of the stability which has characterised modern Swiss economic history, and the beginning of a new turbulent period.

Switzerland is also being affected by the global crisis of capitalism, with growing pressure on Swiss workers. In the recent elections, although the Social Democrats received the lowest number of votes in 20 years, where candidates posed the real issues facing workers, such as jobs, wages and housing, they did remarkably well. Here we publish an analysis by the Swiss Marxists of Der Funke.

On Saturday, 15 October, in the Paradeplatz in Zürich, the heart of the Swiss banking system, over 1500 people met to express their rage against the power of the banks, against the injustice of the system, against the capitalist crisis. Also in the cities of Basel and Geneva smaller demos of between 100 and 400 people were held.

No country is immune from the class struggle today. Even Switzerland, that country considered a safe haven for the wealth of the world’s capitalists, is feeling the effects of the world economic crisis. Social and class polarisation is taking place and this was clearly expressed at last year’s congress of the Swiss Social Democratic Party (SPS).

Workers and youth are being radicalised in Switzerland and are seeking answers to the crisis of capitalism, but their leaders are not providing those answers. That explains the successful intervention of the Swiss Marxists in recent rallies organised by the trade unions, Young Socialists and Social Democratic Party.

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Upcoming Events

Revolution 2018 - a three-day festival of Marxist ideas

(Date: 19 Oct 06 pm - 21 Oct 06 pm )
Calendar: In Defence of Marxism
Malet Street, WC1E 7HY London, United Kingdom
19 Oct 6:00 pm (BST) - 21 Oct 6:00 pm (BST)
Revolution 2018 - a three-day festival of Marxist ideas
Revolution 2018 is a three-day festival of Marxist ideas, hosted by Socialist Appeal, In Defence...
Free event
Revolution 2018 is a three-day festival of Marxist ideas, hosted by Socialist Appeal, In Defence of Marxism, and the Marxist Student Federation, with talks and discussions on current events, history, philosophy, and economics.

This year's event commemorates the revolutionary events of 1968 - a year that saw massive movements and protests by workers and students across the world: from the civil rights movement in the USA, to the dramatic events of May '68 in France.

50 years on, with the status quo collapsing all around us, these movements provide important and inspiring lessons for activists looking to organise, fight, and transform the world today.

Buy your ticket now for this exciting Marxist festival and join the revolution!

Topics include:

Rosa Luxemburg and the 1918 German Revolution
The French Revolution of May 68
Martin Luther King and the black struggle
The Suffragettes and the fight for equality: a century of struggle
The Vietnam War
How do we fight the far right?
Artificial intelligence and nature of consciousness
The first 100 days in power: what should Corbyn do?
From barter to Bitcoin: what is money?
From abortion rights to feminist strikes: the fight for women's emancipation today
Trade wars - what are they good for?
The 2008 crash to now - a decade of crisis
Dialectics: from Hegel to Marx
The crisis of liberalism
How did capitalism come into being?
The English Civil War
James Connolly and the struggle for Irish independence
Speakers include:

Alan Woods - author of Reason in Revolt
Rob Sewell - author of Germany: from Revolution to Counter-Revolution
Marie Frederiksen - author of Reclaiming Rosa Luxembourg: a true revolutionary
Fred Weston - editor of In Defence of Marxism
Adam Booth - author of Understanding Marx's Capital
Daniel Morley - regular writer for www.socialist.net
Natasha Sorrell - NEU activist

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Tickets:
£10 unwaged/students
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