The coronavirus has become the catalyst for a crash on the stock markets, with drastic slumps everywhere on ‘Black Monday’. The recent epidemic is a historical accident that has exposed the deep sickness in the capitalist system, which at any moment risks tipping into an even-deeper recession than 2008, Rob Sewell (editor of Socialist Appeal) explains.

The following is a statement by The Marxist Tendency about the impending economic crisis resulting from Russia’s failed oil deal with Saudi Arabia.