Democratic Socialist Movement

For Struggle, Solidarity and Socialism in Nigeria

By - DSM

Credit crunch threatens global downturn

Credit crunch threatens global downturn The global capitalist economy has been hit by a major credit crunch. Editorial from October issue of Socialism Today, monthly magazine of the Socialist Party (CWI England and Wales) The collapse of the sub-prime mortgage business in the US, brought home by the collapse of two hedge funds managed by Bear Stearns investment bank, provoked

By - DSM

South Africa: Public sector workers in mass fightback

South Africa: Public sector workers in mass fightback In what the South African independent television channel, ETv, described as the biggest strike since 1994 (the year the ANC government came to power), the overwhelming majority of South Africa’s one million public sector workers started an indefinite mass action campaign in support of a 12% salary increase on Friday 1 June.

By - DSM

Economic meltdown pushes masses to the edge

Zimbabwe Economic meltdown pushes masses to the edge State thugs crackdown on protests Weizmann Hamilton, Johannesburg, Democratic Socialist Movement (South African section of the Committee for a Workers’ International) March 11 saw hundreds of activists attend a prayer meeting in the Zimbabwean capital Harare, called by the Save Zimbabwe Campaign, a coalition of civic, church and youth organisations to protest