Category: Economy
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Budget 2027 and the 14 October strike
The cold air of Winter that’s creeping into working-class homes costing a fortune to heat is in sharp contrast to the rapidly rising temperature of the class struggle across Europe. In Spain, President Sánchez has announced snap elections in response to militant housing protests. French school students and trade union militants are meanwhile fighting against…
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Bond market troubles reveal impending crisis
The US government is having to pay increasing amounts of interest to borrow money. For the first time since 2007, interest on its 10-year debt has reached five percent. The crisis in the bond markets reflects the pressures arising from the Hormuz crisis, protectionism and the chaotic AI buildout. It is revealing all the contradictions…
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SNA Backlash exposes the weakness of the government
In the first weeks of February, letters landed at schools across the country from the National Council for Special Education. 194 schools were informed that their Special Needs Assistants (SNAs) – staff who provide support to children with disabilities – would be reduced and reallocated. It wasn’t long before local TDs were flooded with emails…
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Housing crisis intensifies internationally: expropriate the speculators!
The crisis of capitalism has many expressions: new wars and inter-imperialist conflicts, environmental destruction, the growing chasm between rich and poor, the decline of science and culture, etc. One especially conspicuous symptom of capitalism’s failure is its inability to provide the basic human need for adequate housing, even in the wealthiest countries.
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The Kenyan Revolution has begun
Today, the hated Finance Bill 2024, which sparked an unprecedented movement of Kenyan youth last week, was brought before parliament for its third and final reading. Before the session began, enormous throngs were descending on Nairobi Central Business District, heading for the parliament building. At 2.15pm, MPs passed the bill by 195 votes to 106.…
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The wrong argument for a united Ireland
A recent, much-publicised study by a Dublin-based think tank, the IIEA, has concluded that the cost of the South of Ireland absorbing the North after a future unity referendum would be enormous. If their figures are to be believed, it would cost €20 billion per year for 20 years, which would translate into a 25…