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2009: A Year of Recession and Class Struggle

Friday, January 1, 2010

Terry McPartian writes a year-in-review for the International Marxist Tendency based in England:

As 2009 reaches its conclusion across the Middle East, Asia, South America, the ruined European economies and the USA, millions of workers are looking for a way out of the misery of capitalist crisis. Capitalism has reached an impasse. The capitalist crisis has seen a bigger collapse in production than in 1931 but, given the growth of the world market and the interpenetration of the capitalist economies, its political ramifications will echo around the whole of the globe for years. We have a world economy, a world market and world politics. A successful socialist revolution in one major country would have a dramatic effect and would act as a beacon for the entire world. Latin America has been the epicentre of huge movements over the past few years, but the effect of the crisis means that the potential to transform society along socialist lines exists all over the world.


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