As global selloff deepens, US stock market teeters on edge of collapse

By Barry Grey, 25 August 2015

Within four minutes of the trading start, the Dow had sunk by 1,089 points, or 6.6 percent, the biggest single-day point drop in US history.

Global Ponzi scheme threatens to implode

Panic sell-off on world financial markets

World capitalism “toboggans toward catastrophe”

More on the world economic crisis »

German and French leaders meet in Berlin summit on refugee crisis

By Alex Lantier, 25 August 2015

Amidst the greatest refugee crisis in Europe since World War II, the French and German governments are planning a drastic clampdown on immigrants.

Macedonian government cracks down on refugees

By Markus Salzmann, 25 August 2015

The brutality of the right-wing regime in Skopje is a sharp expression of the inhumane policies carried out by all European governments against refugees.

Troops fire on refugees trying to enter Macedonia

Capitalism and the global refugee crisis

More on the refugee crisis »

Economic turmoil heightens infighting in Chinese regime

By Peter Symonds, 25 August 2015

A New York Times article highlights concerns in Washington over the danger of political turmoil in Beijing and the degree to which global capitalism is dependent on China.

Worker killed in another Chinese factory explosion

By Ben McGrath, 25 August 2015

This latest incident in Shandong province drives home the disregard for safety in China’s factories in the pursuit of profit.

The Tianjin explosions and the discrediting of capitalism

Right-wing Ukrainian government celebrates Independence Day

By Jason Melanovski, 25 August 2015

The day’s events were used to press for the continuation of the war against Russian-backed separatists in the country’s east, which has cost the lives of over 6,900 Ukrainian citizens.

More on the crisis in Ukraine »

California insurance rates rise under Obamacare

By Julio Patron, 25 August 2015

Obamacare continues to provide enormous profits to insurers while the price of health care for workers soars to new heights.

Pennsylvania: Democrats move to cut state worker and teacher pensions

By Samuel Davidson, 25 August 2015

The governor’s proposal would place the highest paid newly hired teachers and state workers into a 401(k)-style pension agreement.

France’s neo-fascist National Front expels its founder Jean-Marie Le Pen

By Stéphane Hugues and Kumaran Ira, 25 August 2015

By expelling its founder over his fascistic remarks, the Front National is seeking to rebrand itself as a mainstream party that the bourgeoisie can rely upon to rule France.

Australian by-election becomes test of Abbott’s leadership

By Mike Head, 25 August 2015

Soaring unemployment in Western Australia underscores Australian capitalism’s sharp economic reversal, placing intense corporate pressure on Abbott.

New in Portuguese

Prefácio: A Escola de Frankfurt, o pós-modernismo e a política da pseudo-esquerda

Por David North, 25 de agosto de 2015

Este livro examina a relação entre a teoria marxista e o desenvolvimento do programa revolucionário, perspectiva e prática do movimento trotskista. Nesse contexto, ele explica porque o Comitê Internacional da Quarta Internacional dedicou uma energia e um tempo significativos a expor o caráter reacionário das tendências intelectuais anti-materialistas e anti-marxistas – relacionadas a vários ramos do irracionalismo existencialista, à Escola de Frankfurt e ao pós-modernismo – que fornecem as bases teóricas para uma ampla gama de movimentos políticos pequeno-burgueses, pseudo-esquerdistas e anti-socialistas atuais.

New in French

La combine de Ponzi à l’échelle mondiale menace d’imploser

Par André Damon, 25 août 2015

La vente massive d'actions sur les marchés boursiers mondiaux reflète l'incapacité des gouvernements et des banques centrales à s’attaquer aux contradictions fondamentales du système capitaliste ayant provoqué le krach de Wall Street en 2008-2009.

Les conventions collectives arrivent à échéance dans les secteurs de l’automobile et de l’acier
Pour une offensive unifiée des travailleurs de l’automobile et des métallos contre l’assaut du gouvernement et des sociétés

Par Jerry White, 25 août 2015

Le fait que ces conventions collectives arrivent à échéance presque en même temps montre le potentiel et la nécessité d’une lutte commune contre les attaques du gouvernement et des sociétés sur la classe ouvrière.

New in German

Globales Schneeballsystem vor dem Kollaps

Von Andre Damon, 25. August 2015

Die weltweite Börsenpanik, die allein in den USA schon über eine Billion Dollar vernichtet hat, entlarvt die Mär von einer neuen Belebung der Weltwirtschaft.

Neuwahlen in Griechenland: die EU unterstützt Tsipras

Von Robert Stevens, 25. August 2015

Die Neuwahlen sind Teil einer politischen Verschwörung Syrizas und der neuen Partei Volkseinheit, um die Sparpolitik gegen die Bevölkerung durchzusetzen.

Die Linke erklärt ihre Unterstützung für Tsipras

Von Peter Schwarz, 25. August 2015

Die deutsche Linkspartei stellt sich bei den bevorstehenden griechischen Parlamentswahlen uneingeschränkt hinter den amtierenden Regierungschef Alexis Tsipras.

Heidenau: Überfälle auf Flüchtlingsunterkunft wurden ermutigt

Von Christoph Dreier, 25. August 2015

Die offiziellen Krokodilstränen über die rechten Krawalle in Heidenau können nicht darüber hinwegtäuschen, dass der Staatsapparat und die rechte Politik der Bundesregierung wesentlich dazu beitrugen.

Mazedonische Regierung geht brutal gegen Flüchtlinge vor

Von Markus Salzmann, 25. August 2015

Zwischen den europäischen Regierungen ist ein regelrechter Wettbewerb entbrannt, Flüchtlinge möglichst abstoßend zu behandeln, damit diese in andere Länder weiterziehen.

Proamerikanischer UNP-Führer als neuer srilankischer Premierminister vereidigt

Von K. Ratnayake, 25. August 2015

Die neue Regierungskoalition wird die Angriffe auf demokratische Rechte und den Lebensstandard der arbeitenden Bevölkerung verschärfen und Sri Lanka in die amerikanischen Vorbereitungen auf einen Krieg gegen China einbinden.

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Perspective

The corporate-union assault on autoworker health care

25 August 2015

The United Auto Workers is proposing to expand its retiree trust fund to include active hourly and salaried workers in order to slash health care costs for the auto giants.

Earlier Perspectives »

Autoworkers Struggles

Indiana autoworkers welcome WSWS campaign team

By Eric London and Zac Corrigan, 25 August 2015

World Socialist Web Site reporters visited the Fiat Chrysler transmission plant in Kokomo and the General Motors stamping center in Marion.

Strong support from Canadian Fiat Chrysler workers for an international struggle

By Jerry White, 24 August 2015

Video: The battle facing US autoworkers

By Jerry White and Zac Corrigan, 10 August 2015

US contract deadlines in auto and steel
For a united offensive of autoworkers and steelworkers against the corporate-government assault

More on autoworkers struggles »

75 years since the assassination of Leon Trotsky

75 years since the assassination of Trotsky: 1940-2015
Leon Trotsky’s place in history

By David North, 21 August 2015

Published here is a section of a lecture delivered on the 60th anniversary of the assassination of Leon Trotsky. The full lecture is included in David North’s book, In Defense of Leon Trotsky.

Seventy-five years since the assassination of Leon Trotsky

By Joseph Kishore, 20 August 2015

Commentary

German Left Party declares its support for Syriza’s Alexis Tsipras

By Peter Schwarz, 25 August 2015

The Left Party’s unconditional support for Tsipras as he maneuvers to implement deeply unpopular austerity measures says much about how the Left Party would govern in Germany.

Varoufakis documents Syriza's political treachery

By Robert Stevens, 24 August 2015

EU backs Greece’s Tsipras as Left Platform splits from Syriza

More on the crisis in Greece »

Nearly 14 million Americans live in neighborhoods of extreme poverty

By Evan Blake, 24 August 2015

Republican candidates attack the Fourteenth Amendment

By Patrick Martin, 24 August 2015

Hillary Clinton and Black Lives Matter: A revealing confrontation

More on the 2016 US elections »

Britain: Labour leadership beset by talk of splits, coups and legal challenges

Autopsy reveals St. Louis police shot teenager Mansur Ball-Bey in the back

Arts Review

Straight Outta Compton: an uncritical picture of the rise of American “gangster rap”

By Nick Barrickman, 25 August 2015

Straight Outta Compton is a hip hop biopic focusing on the rise to prominence of the influential hip hop group N.W.A. in the late 1980s.

Xavier Dolan’s Mommy: The story of a troubled youth

By Laurent Lafrance, 22 August 2015

The Good Fight: the latest from Washington DC-based hip hop artist Oddisee

Workers Struggles

Lockout of 2,200 workers at Pittsburgh-based steel manufacturer enters second week

By Evan Winters, 24 August 2015

Thousands of US steelworkers rally in advance of contract expiration

Workers Struggles: The Americas

25 August 2015

The World Socialist Web Site invites workers and other readers to contribute to this regular feature.

UK Tube strike: Conservative transport spokesman calls for scab force

By Michael Barnes, 24 August 2015

25 years ago: Liberian civil war flares

On August 24, 1990, a “peacekeeping” force arrived off the coast of Liberia with orders to end the eight-month civil war in which more than 5,000 had been killed.

More »

50 years ago: Switzerland avalanche kills 88 workers

On August 30, 1965, an avalanche from the Allalin Glacier in southern Switzerland killed 88 workers and seriously injured eight others.

More »

75 years ago: Breakthrough study in use of penicillin published

In the edition of the British medical journal The Lancet published on August 24, 1940, there appeared an article showing the potential use of penicillin as a means of combatting bacterial infections.

More »

 

100 years ago: Russian Army retreats on Eastern front

On August 25, 1915 the German Army took the fortress of Brest-Litovsk, then in eastern Poland, which before World War I was part of the Russian Empire.

More »

Socialist Equality Party (Sri Lanka) Election Campaign

Sri Lankan corporate elite demands “tough” economic decisions from new government

By Saman Gunadasa, 24 August 2015

The significance of the SEP’s vote in Sri Lankan elections

By Deepal Jayasekera, 20 August 2015

The Socialist Equality Party (Sri Lanka) replies to the United Socialist Party

Manifesto of the Socialist Equality Party (Sri Lanka) for the 2015 general election
Against war and austerity! Fight for a workers’ and peasants’ government and a socialist program!

More on the SEP (Sri Lanka) election campaign »

Book Review

Book review
The Devil is Here in These Hills: West Virginia’s Coal Miners and their Battle for Freedom, by James Green

By Tom Mackaman, 18 August 2015

The covert “selling” of anticommunism
The Mighty Wurlitzer: How the CIA Played America