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Socialism Today 117 - April 2008

Socialism Today 117 - April 2008

The media lie factory

Has the media ever been as rotten as it is now? Of course, the media is part of society and defends the current system. But within limits, there has been room for probing, investigative journalism. Today’s news stories, however, are dominated by repetitious, unchecked stories usually in the cynical service of political spin and naked profit. PETER TAAFFE reviews a devastating book which lifts the lid on the workings of the media.

Bear Stearns bail-out

A new stage of the crisis

The failure of the investment bank Bear Stearns marks a new stage of the banking crisis, as the liquidity-solvency spiral continues its downward course. At the same time, the Fed-financed bailout, together with calls for a wider state rescue of failing banks, is opening up an ideological crisis for ultra-free-market capitalism. LYNN WALSH reports.

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Nader 2008
An anti-corporate candidacy

Barak Obama
Ten things you should know

Global warning
The growing food crisis

Germany: strikes & more strikes
Sascha Stanicic reports on the shift to the left underway in Germany

Britain after the budget
Alistair Darling was in denial but the British economy faces a battering. Robin Clapp writes

End of an era
My Life: Fidel Castro

Activist graphics, images & pop culture

Crime in Venezuela; Religion & society

Cover cartoon: Suzanne Muna