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Poverty / Debt


9 May 2012

Them & Us

iPads for MPs: Up to £660. That's how much the gadget of the moment, the iPad, will set you back. Months of hard saving for most of us - but not if you're an MP. 70 MPs have already claimed expenses for an iPad

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2 May 2012

Capitalist crisis: 'Up to half of all Icelandic families are bankrupt'

Iceland's economy is growing again after the deep recession that struck in 2008. But the economic and political crisis is far from over, writes Per-Åke Westerlund. From Offensiv, newspaper of Rättvisepartiet Socialisterna (CWI in Sweden).

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Student protest 29 January 2011, photo Senan

Student protest 29 Jan

1 February 2012

NUS: name the day for student walkout

This week there has been another set of statistics showing that £50,000 worth of debt is enough to make many people rethink plans to go to university

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1 February 2012

Them & Us

Rapidly rising unemployment combined with wage freezes means that the average 25-64 year old American male earns about a quarter less than his 1969 equivalent.

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7 December 2011

Them & Us

Merry Xmas...: The total UK personal debt at the end of October 2011 stood at an incredible £1,451,000,000,000 - an average household debt of £55,808 according to the financial education charity Credit Action...

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100,000 demonstrate in Brussels in 2010, photo Paul Mattsson

100,000 demonstrate in Brussels in 2010, photo Paul Mattsson

28 November 2011

Eurozone: Into the abyss?

The Eurozone is at a tipping point. EU leaders are in disarray and have no clear strategy for resolving the crisis.
Fragmentation of the Eurozone could trigger another deep financial crisis and global economic downturn. Lynn Walsh, Editor, Socialism Today, monthly magazine of the Socialist Party, analyses the crisis.

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16 November 2011

Berlusconi quits as debt crisis hits eurozone's third largest economy

The deepening eurozone crisis has claimed another government with the departure of Italy's prime minister Silvio Berlusconi...

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9 November 2011

Failed G20 summit takes eurozone nearer to the abyss

The G20 meeting of the world's most powerful government leaders on 3 and 4 November was a 'No Cannes Do' summit. The discussions were hijacked by the Greek crisis...

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12 October 2011

Sovereign debt crisis, recession... No way out under capitalism

Banks continue to demand government bailouts; an ever-deepening sovereign debt crisis in Europe and the USA; mass unemployment and cuts in services on a level not seen since the 1930s; a widening gulf between rich and poor....

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Photo Paul Mattsson

Photo Paul Mattsson

28 September 2011

World economy in meltdown - we won't pay for capitalist crisis

In a recent address to the Canadian parliament, David Cameron bluntly said: "Growth in Europe is stalled. Growth in America has stalled. The effects of the Japanese earthquake, high oil and food prices have created a drag on growth. We're not quite staring down the barrel, but the pattern is clear".

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