An analysis by the Research Section of the Workers’ Party
The global background
The current global crisis emerged from the workings of the capitalist class structure, initially in the USA and subsequently around the world.  Since the mid-1970s, workers’ average real wages in the USA stopped rising partly because the computerisation of production displaced workers and partly because [...]

Following the St. Stephen’s Day sales there was much commentary to the effect that huge shopping crowds were signs of a new confidence resulting from the Government’s budget. We were waiting for tough action, we got tough action and now we are off in the shops with our credit cards. How the recently released Retail [...]

A good friend made a bet with me in January. He wagered the economy would contract by 10 percent or more by the end of the year. I gladly took the bet. But he rang me yesterday wanting to know if I wanted to pay up now. For the news that the economy contracted by [...]

I like John Gormley, I genuinely do. He’s one of our more thoughtful and sensible politicians. That he sits at the Cabinet table, even in the current circumstances, is no bad thing, whatever about the lack of clear positive outcomes or influence on issues close to our hearts. But one has cause to wonder… like [...]