From crisis to crack

European stocks are bordering on a crash situation. In Spain the day opened with a sudden downturn in employment this September… despite European tourists delaying their holidays. Around the world, the worst oil production figures in 16 years and the stagnation of world trade (1.2%) speak of a productive engine unable to rev up or even keep up its rhythm. In Europe as a whole, industrial production has been at its worst since 2012. The first victim: Germany. Economic activity figures for 2019 have fallen so low that Germans coined the term “mini-growth” to describe the aggregate result.

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Traps, tricks and the need for organization

This week started with the bankruptcy of Thomas Cook, the first sign of a crisis that is already plunging into recession; the trade war took over the universal postal system – a historic jewel of rising capitalism; it showed the inanity and immorality of the new ideologies of “sacred ecological union” with the bourgeoisie; it exacerbated the battle of the bourgeois factions in the United States; and it made clear the immediate limits that unions and the left impose on the only struggles that can offer a perspective of overcoming the morass that is unfolding before our eyes.

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