Across the UK economy, prices are rising and businesses are facing shortages. It is clear that the anarchy of the capitalist market cannot provide society with life’s necessities. The case for socialist planning has never been so clear.

The following is a transcript of a lead off by marxist.com editor, Alan Woods, at the world perspectives discussion at the 2021 congress of the International Marxist Tendency. In this speech, Alan lays out the most fundamental processes unfolding in a global situation marked by unprecedented crisis and dislocation at every level. Capitalism has never been more unstable, nor the potential for class struggle greater. The missing element is a bold, revolutionary leadership to show the workers, youth and poor of the world a way out of this morass.