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30 October 2019

The 1929 Wall Street Crash: When the capitalist system was on its knees

Ninety years ago the world was tipped into the 'Great Depression'. The Wall Street Crash saw stock markets descend into free-fall while banks failed. The capitalist economy slumped and the nightmare of mass unemployment for the working class became a reality.

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Waltham Forest Socialist Party campaign on bankers' bonuses and bailout, photo Senan

28 October 2009

80th anniversary of the Wall Street Crash: Capitalist failure - then and now

Scant attention has been paid in the media to the 80th anniversary of the October 1929 Wall Street crash. The capitalists can hardly repeat their theme of yesterday - "it can never happen again."
Peter Taaffe, general secretary of the Socialist Party, takes a look at how much of it really has happened again, and spells out the underlying cause.

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29 October 2008

Are we heading for a new Great Depression?

STOCK MARKETS crashing, banks failing... as the world tips into an economic downturn. Not since the 1930s and the Great Depression has capitalism faced such a crisis as that of today. But, asks Philip Stott, are we likely to see a repeat of the world slump that followed the Wall Street Crash of 1929?

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Sparks protest in Cardiff

Sparks' protest in Cardiff; each week the protest has grown. Sparks are protesting nationally against the role of construction electricians being deskilled. Photo by Rachel Barwell

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