Friday, 26 August 2011

A new phase of the great recession


Capitalist strategists are filled with gloom at the prospect of a new economic downturn.

Lynn Walsh, editor of Socialism Today, magazine of the Socialist Party (CWI England & Wales)

Fear of recession in the US, its credit rating downgrade and political dysfunction, not to mention the ongoing eurozone crisis, Japanese stagnation and slowdown in China, have all led to convulsions on world stock markets. LYNN WALSH reports.

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