SocialismToday           Socialist Party magazine
 

Socialism Today issue 75

Socialism Today issue 75 cover: The Sp-OIL-s of War: OccupationIraq after the war 

THE WAR IN Iraq, the fourth ‘high-tech’ victory for US imperialism in a little over a decade, has had a more decisive effect than previous ones. 

It has underlined further the military might of US imperialism, the world’s only hyperpower. 

It has set the scene for an even greater aggressive military posture by the US, with further conflicts in the Middle East and elsewhere flowing from this.

What is happening to the US economy?

US capitalism is stagnating, weighed down by bubble-era debt and an unsustainable payments deficit. Faltering US growth is dragging down Europe and Asia. Apart from tax cuts for the super-rich, Bush has no economic policy. The dollar is beginning to slide downwards (see p23): could this provide a way out for the US or will a collapse of the dollar provoke new convulsions in the world economy? LYNN WALSH writes.

The Rise and Fall of the US dollar

THE US DOLLAR appears to be on the verge of a sharp decline. Officially, the Bush administration continues to support the strong-dollar policy associated with the 1990s bubble economy. "I favour a strong dollar", announced the new US Treasury secretary, John Snow: "It’s in the national interest". (International Herald Tribune, 29 January)


Why not take out an annual subscription online, and receive Socialism Today every month?

Cover cartoon: Alan Hardman

 

 

Israel-Palestine 
Roadblock to peace

SSP breakthrough
Socialist success in Scottish election

The SARS epidemic 
The politics of infectious diseases

 

Features

Britain's 'mid-term' elections
Ken Smith analyses the results of the May elections in Scotland, Wales and England

The Warsaw Ghetto uprising
Jon Dale commemorates this heroic struggle against fascism, which took place sixty years ago

 

Hydrogen fuel cells
Bush backs a green energy breakthrough?

Subscribe