Was our analysis of the world economy right? Two years ago, at the time of the collapse of the Southeast Asian economies, we published a document called "The first tremors of the coming slump". Jonathan Clyne, editor of the Swedish Marxist magazine Socialisten looks at what we said at the time and concludes that "our basic analysis of the epoch is still correct". Translated from Socialisten 43, September 1999.
1929: Can it happen again? Seventy years after the 1929 stock exchange crash which led to the Big Depression, Mick Brooks looks at how the stock exchange works, what causes speculation and concludes that "what goes up, must come down".
Like all bubbles, this will burst This Socialist Appeal editorial looks at the increasing number of economic experts who recognise that the world economy depends on a speculative bubble which cannot last for much longer.
