Democratic Socialist Movement

For Struggle, Solidarity and Socialism in Nigeria

By - DSM

Economic Recession: Failure of Capitalism

Economic Recession: Failure of Capitalism Working People Must Defend Living Standards The Socialist Party of Nigeria (SPN) sees the Second Quarter 2016 report of National Bureau of Statistics (NBS) which officially confirms the sliding of Nigerian economy into recession as a bitter confirmation of the failure of capitalism and the incapacity of Nigerian ruling elites to move the nation forward.