How capitalism developed in Taiwan and South Korea – any parallels with China today? Part Two

The experience of economic planning in South Korea was broadly speaking, similar to that of Taiwan. What most characterises the Korean experience is the prominent role of the chaebols, the giant conglomerates, in developing the economy.

Read more ...

How capitalism developed in Taiwan and South Korea – any parallels with China today? Part One

The crisis that has shaken the world economy since 2008 has pushed bourgeois ideologists to desperately seek a solution. They are looking for alternative ways of running their system, seeking to square the circle and maintain capitalism without its inevitable contradictions. As Asia, and China in particular, is doing so well, there is a burgeoning literature about the Chinese model, just as in the past there was so much made of the “Japanese miracle”. In Part One of this article Luca Lombardi looks at the experience of Taiwan.

Read more ...

Libya: the struggle intensifies

Twenty four hours ago, the streets of Tripoli were full of the sounds of rejoicing. Now they are filled with the sounds of gunfire. The real battle for Tripoli has commenced.

Read more ...

Another day, another crisis

Events are moving at lightening speed. Stock markets are in freefall around the world. Some days bring temporary relief only to be followed by greater convulsions. The whole situation is reminiscent of 2008, or more correctly the 1930s

Read more ...

After the fall of Tripoli: The way forward for the Libyan Revolution

The end came suddenly and without warning. In the moment of truth the Gaddafi regime fell like a house of cards.

Last night the streets of Tripoli were filled with wild rejoicing as rebel forces occupied Green Square in Tripoli. Libyan rebels waved opposition flags and fired shots into the air in jubilation after reaching the central square of the capital in the early hours of Monday. Until now the vast square was reserved for carefully orchestrated rallies praising Moammar Gaddafi. Now it erupted in celebration after rebel troops pushed into the centre of the Libyan capital.

Read more ...