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Our autumn journal not surprisingly deals with the ongoing financial crisis and its implications for the British and world economy. Our lead article looks at Britain, while we interview Costas Lapavitsas on the financial crisis and its implications for Marxist theory. Two reviews continue the analysis, one a polemic with our former comrades in the LFI who dismiss the idea of long waves in capitalism.
A major article looks at the new leadership in Cuba and the direction in which the country is travelling – we think towards the market. Two other articles on Latin America look at the political crisis in Bolivia and developments in Chile under Bachelet.
Other pieces give an impression of the new working class in China and the history of the US working class. Trying to explain why the USA has never built a workers’ party is very relevant in a US election year where the voters again are faced with a choice between two bourgeois parties.
Our Editorial and Feedback sections address the thorny question of “left unity”, following a period of failures to hold together left electoral fronts and parties, in England and Scotland. It does it in the context of reporting on the growing discontent and struggles against Labour’s wage freeze.
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The Editors

A leader in world finance capital, in the vanguard of home ownership, Britain is finding that these much-trumpeted advantages are turning into a curse as the economy heads south. Bill Jefferies and Keith Harvey assess the current downturn against the experience of previous recessions over the last twenty years

Cuba / After Fidel

Cuba - after Fidel (PDF)

Fidel has gone with a whimper rather than a bang. But does Raul Castro intend a renewed push for the market and capitalism? Stuart King examines the regime’s manoeuvres between the demands of foreign owned capital and the pressing needs of the population

Credit crunch / A new era of finance capital

Credit crunch - a new era of finance capital (PDF)

The collapse of the investment bank Lehman Brothers underlines the severity of the current financial crisis. We discuss current and future prospects with Marxist economist Costas Lapavitsas

China / The remaking of the working class

China the remaking of the working class (PDF)

The influx of rural migrant workers into China’s cities has fuelled the country’s capitalist growth. Greg Evans met many activists while there recently. He explains what lies behind the new wave of resistance and how the old trade unions are trying to reinvent themselves

US Labor / Searching for its own voice

US Labor - searching for its own voice (PDF)

The militancy of the US labor movement over the last century stands comparison with any in the world. Yet it has failed to build a mass workers’ party, its leaders still tied to the apron strings of the Democrats. In a review article, Mark Hoskisson assesses the explanation for why this is in a recent book by US socialist Sharon Smith