From boom-bust to double-dip: Capitalism’s continuing crises

The fundamental problem with the UK is that its economy is dominated by the financial sector, with the driving engine being the defunct banking industry. The financial crisis began in 2008 with the credit crunch and thus the UK’s largest sector collapsed taking the whole economy down with it. Read more>>>

Greece and the global crisis of capitalism

For Greek workers, the impact has been catastrophic. They have already suffered the greatest decline in living standards since the Nazi occupation. Unemployment has doubled to 22 percent and 50.8 percent among young people, while millions more are relegated to precarious and part-time work. Read more>>>

There are Alternatives to Free Market Capitalism!

The collapse of the Soviet Union in 1990 was heralded as a landmark event in history; it was considered the wholesale rejection of a way of life and end of Communism. The post – WW2 world was dominated by the competition between the Capitalist free market led by the US and state intervention led by the Soviet Union. Francis Fukuyama considered one of the most important living public intellectuals considered the development of ideas to have ended in his ‘end of history’ thesis as there was no meaningful debate left between Marxism and the market. Read more>>>

Order to demolish Dambulla Mosque. Why raise this explosive issue now?

UNP’s Deputy Leader Sajith Premadasa described prime minister’s order as” law of the jungle and nothing to do with the Buddhism”. Sajith asked “   how could we develop the country when the prime minister’s office issues such false statements”? Read more>>>