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.

[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.