Latest News and Comment

Does it matter whether some individual rising above the $1.90 poverty line achieves a new income level of $2.15 or of $5.50?  Government statistics show that the share of the population below the national poverty line fell from 45 per cent in 1993 to 37 per cent in 2004 and further to 22 per cent by 2011. Since the country’s economy was growing fast during this period, it seemed easy to
6 hours 13 min ago
The blockade dictates the day-to-day reality for people in Gaza, where Israel controls the borders, airspace, and waters. Gaza's isolation has devastated its economy, impoverished much of the Strip's two million people, and left them without adequate electricity, water and health services.  Poverty contributes to poor health, and poor health leads to poverty - it's a vicious cycle. In Gaza,
9 hours 14 min ago
Emerging markets such as China are showing the same signs that their economies are overheating as the US and the UK demonstrated before the financial crisis of 2007-08, according to the annual report of the Bank for International Settlements (BIS). Claudio Borio, the head of the BIS monetary and economic department, said a new recession could come “with a vengeance” and “the end may come to
9 hours 14 min ago
Deloitte Access Economics calculated that the Great Barrier Reef in Australia is worth A$56bn (£33bn; $42bn), a value 12 times greater than the Sydney Opera House.  The Great Barrier Reef Foundation, a charity dedicated to protecting the World Heritage-listed natural feature commented,  "the Great Barrier Reef is justifiably considered priceless and irreplaceable." Mass coral bleaching in
9 hours 14 min ago
The Socialist Party of Great Britain is not the keeper of some Marxian "Holy Grail". Many of the ideas that are central to our position are in fact shared by others . We address our case to the working class of the world as a whole, rather than any particular interest group or the left-wing's supposed "advanced” sections. How do we move from just protest and resistance to actually figuring
12 hours 14 min ago