Skip to main content
The old is dying
GAWAIN LITTLE argues that the prolonged economic crisis we have been experiencing presents opportunities for a working-class fightback

THE new year is a time to take stock. Over the past decade and a half, we have bounced from crisis to crisis. While the incompetent handling of these crises can be laid squarely at the door of the Conservative government that was in office for the bulk of this time, their roots go much deeper.

From the great economic crisis of 2007-09 to the cost-of-living crisis of 2022 onwards, we have been affected repeatedly by fractures in the economic system, which have hit working people particularly hard.

Each of these individual events has been precipitated by specific factors — most recently, the war in Ukraine, crop failures due to climate change and the destabilising impact of the Tories’ handling of Brexit. However, as Michael Roberts argues in a recent article on The Polycrisis of Capitalism (Theory and Struggle 2024), across the entire period, there are clear underlying factors, amounting to a prolonged crisis of accumulation.

Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
tototototototdo
More from this author
tototototototdo
Features / 24 December 2024
24 December 2024
After the Gaza genocide and unleashing chaos in Syria, the US and Israel prepare to target Tehran next, leaving the Iranian people caught between foreign intervention and continued theocratic oppression, writes GAWAIN LITTLE
tototototototdo
TUC 2024 / 9 September 2024
9 September 2024
GAWAIN LITTLE urges the labour movement to seize a historic opportunity under the new government, warning that failure to push for real change now could spell disaster for workers and fuel the far-right threat
tototototototdo
TUC CONGRESS 2023 / 11 September 2023
11 September 2023
GAWAIN LITTLE explains how GFTU’s link-up with Strike Map aims to provide high-quality trade union education, support and mentoring to a new layer of activists
tototototototdo
Features / 8 July 2023
8 July 2023
GAWAIN LITTLE highlights the General Federation of Trade Unions’ new education programme - to help forge the unity and strength we need to force a change of direction for Britain
Similar stories
tototototototdo
Editorial: / 20 February 2025
20 February 2025
tototototototdo
Features / 21 September 2024
21 September 2024
VINCE MILLS reflects on the Scottish independence referendum of 2014 which took place in a period of austerity following the great banking crash of 2007-08 and with deindustrialisation in full swing – a context of relevance today
tototototototdo
TUC 2024 / 9 September 2024
9 September 2024
GAWAIN LITTLE urges the labour movement to seize a historic opportunity under the new government, warning that failure to push for real change now could spell disaster for workers and fuel the far-right threat
tototototototdo
Books / 5 September 2024
5 September 2024
WILL PODMORE is intrigued by an analysis of capital that emphasises the deadening impact of financialisation on the US and UK economies