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Socialism Today 109 - May 2007


Socialism Today 109 - May 2007

Forever blowing bubbles?

What is happening to the world economy?

The world capitalist economy has been buoyed up by a tide of liquidity, a flood of cheap credit. This has fuelled the frenzied financial speculation of the last few years, a profits bonanza for the super-rich. Underlying this, however, are unsustainable imbalances and deepening contradictions in world economic relations. LYNN WALSH looks in depth at the processes taking place.

New German party a shift to the right

The end of March saw national congresses of Germany’s two left-wing political parties – WASG (Electoral Alternative Work and Social Justice) and Left Party.PDS (Party of Democratic Socialism). Both voted with large majorities in favour of merging in June to form a new party, Die Linke (The Left). SASCHA STANICIC, Sozialistische Alternative (SAV – CWI Germany) and WASG National Council member, reports.

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Crucial times for the PRC left

What do the election results mean?

Terrorism & the law
IPCC Forest Gate report whitewash

The resistible rise of the BNP
Naomi Byron examines how the BNP has grown and what needs to be done about it

Can China be a new tiger?
Our China debate series continues with a contribution by Ron Groves

London's biting satirist
The Hogarth exhibition at Tate Britain


Cover cartoon: Suzanne Muna