Here we post a video of a speech by Lynn Walsh, editor of Socialism Today (political journal of the Socialist Party, England & Wales) on the crisis in the world economy and international perspectives. An article dealing with some of these themes in more detail will be included in the new edition of the Socialist
Lynn Walsh: A world in crisis from Stephan Kimmerle on Vimeo.
The nationalisation of Anglo Irish Bank is an indication of the abject failure of the Fianna Fail and Green government to deal with the banking crisis, but also that the crisis has reached a new and dangerous level. In the wake of the nationalisation, the shares of the two main banks, Allied Irish Bank (AIB) and Bank of Ireland (B of I), plummeted.
Brian Lenihan introduced the budget for 2010 with the statement that “the worst is over”. This astounding declaration was accompanied by rising unemployment, attacks on public and private sector wages, and the admission that the savagery of the 2010 budget will be matched in 2011 and 2012. There is no question that for working people, the worst is far from over. Part One of a three part article.
