China is discovering that under capitalism, what goes up must come down. The impending collapse of property developer Evergrande, as it struggles with more than $300bn debts, is reminiscent of the subprime mortgage crisis. The Chinese government is facing the same dilemmas as the US over a decade ago, as it stares into the abyss of capitalist crisis.

A series of presentations began on 19 October for the Spanish edition of The Great Betrayal, Alan Woods’ book about the great revolutionary struggle to overthrow the Franco dictatorship, which was tragically undermined by the leaders of the working class in the Spanish State.