Apologists for capitalism argue that it is the best, most-efficient system that could ever possibly exist. But the current period of crisis and chaos prove otherwise. Today, the COVID-19 pandemic has triggered an economic collapse that threatens to throw society back to the 1930s, sending the world into a full-blown depression. Clearly, something is rotten at the heart of the system. The advocates of Keynesian ideas - or modern varieties like Modern Monetary Theory - cannot provide a real solution to this crisis. In his talk from this year's International Marxist University, Adam Booth, a leading activist of Socialist Appeal, explains why capitalism has failed, and what the way forward is for humanity.

On 12 October, the Cuban Vice Prime Minister and Minister of Economy and Planning, Alejandro Gil Fernández appeared on the television programme Mesa Redonda [Round Table] to talk about the economic strategy “to boost the economy and overcome the global crisis caused by COVID-19." A central part of it is the "monetary reorganisation" that has generated so many rumours and uncertainty in Cuba in recent months.

[The approval by Congress of a budget of cuts, at 5.30 am on 17 November, has unleashed a wave of protests in the Central American country. A section of the ruling class opposes the budget as it increases the country’s indebtedness. The vice-president broke ranks with president Giammattei and asked him not to ratify the budget.