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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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Leicester picket on the 21st strike day (22nd Feb) of around 7,000 British Gas engineers.  They are fighting against

Leicester picket on the 21st strike day (22nd Feb) of around 7,000 British Gas engineers. They are fighting against 'fire and rehire' - designed to worsen terms and conditions. Photo by Steve Score, Leicester Socialist Party

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