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Book Launch: Marxist Considerations on the Crisis by Hungarian Marxist Balazs Nagy

7pm Monday 31 March 2014, Conway Hall, Red Lion square.

This work was originally planned as “an article explaining the great economic crisis which erupted in 2007 from a Marxist point of view”.
However, while working on it Balazs Nagy quickly realised that a deeper understanding of this development would only be possible through grasping the nature and meaning of this current upheaval in and through the development of the economic-political system as a whole.
Therefore he “could not avoid going back – occasionally a long way back – to unearth the roots of the social content and important components of economic life and trace how they came into being historically”.
The present volume therefore contains Part One of this work. It starts with the efforts of classical socialist thinkers to understand imperialism as a stage of capitalism, then traces the persistent contradictions working in society and economy through the Twentieth Century.
This compelling and original account rescues and re-presents basic Marxist conceptions of these matters which are often overlooked in contemporary political discourse.
Balazs Nagy dedicates this book “to the memory of the pioneer who inspired these Considerations, the outstanding Marxist economist, my comrade and friend Geoff Pilling, who died before his time in August 1997”

Marxist Considerations on the Crisis  by Balazs Nagy
190 pages, paperback:
£9.99
ISBN 978-0-9564319-3-6
Published for Workers International by Socialist Studies, PO Box 68375, London E7 7DT,

One of the Secretaries of the Petofi Circle in Hungary in 1956, Balazs Nagy participated in establishing the Budapest Central Workers’ Council.
In his pamphlet: 1956: How  the Budapest Central Workers’ Council Was Set Up, he explains that even before the uprising and the brutal intervention of the Soviet army, workers had spontaneously started to organise their actions.
Forced into exile in Western Europe, Balazs Nagy came into contact with Trotskyism to which he has since dedicated his life. He is a founding member of Workers International to Rebuild the Fourth International.

Numsa Views on the state of Class Struggles in South Africa and the Crisis in Cosatu

“Numsa is calling ALL South African workers, Black and White and African, to join us in our United Front to demand the immediate and radical implementation of the Freedom Charter as the only basis for a truly democratic South Africa and in our fight against all neoliberal manifestations.”

Numsa Headquarters, Johannesburg

People always have been the foolish victims of deception and self-deception in politics, and they always will be until they have learnt to seek out the interests of some class or other behind all moral, religious, political and social phrases, declarations and promises.”

Lenin in “Three Sources and Three Component parts of Marxism”, March 1913

“Nothing demonstrates better the increasing rigor of the colonial system: you begin by occupying the country, and then you take the land and exploit the former owners at starvation rates. Then with mechanization, this cheap labour is still too expensive. You finish up taking from the native their very right to work. All that is left for the Natives to do in their own land at a time of great prosperity is to die of starvation.” (Jean Paul Sartre, 1964)

A.  The world we live in today and our 20 years of “Democracy”

It is impossible to deny that the world has seen the most severe crisis of the global capitalist system.  And, there is no end in sight, to this crisis. Continue reading

The Way Forward in North Africa and the Middle East

Theses towards a revolutionary programme
by Balazs Nagy, Workers International To Rebuild the Fourth International, 20 February 2011
Biased, fragmentary and very incomplete as the media reports are, some things are clear:
1. These movements are desperately short of revolutionary leadership. The long years of ruthess dictatorship have strangled even the more or less petty-bourgeois parties. There is no sign even of any bourgeois leadership independent of the ruling authorities, apart from groups and individuals tied to the dictators whom the workers have thrown out. Continue reading

Stop the destruction of social gains! March separately, strike together!

 In defence of the workers and people of Greece – first victims of capital’s offensive

European march on Brussels!Response to the “Common Appeal for the Rescue of the People of Europe” launched by Mikis Theodorakis and Manolis Glezos,

by Balazs Nagy, Workers’ International (20 February 2012) Continue reading

The ‘future’ the bourgeoisie wants: Back to Mass Poverty

by Balazs Nagy
Another day, another worrying news item. One minute a sudden squall blows away the Dutch government’s oddly cherished triple-A credit rating; the next, the UK officially announces it is mired in – “double dip” – recession. That most distinguished of French dailies, Le Monde, carries a pre-May Day editorial headed “Spanish crisis rocks Europe”. Then the Greek people resoundingly toss out Papademos, the banker “democratically” inflicted on them as chief puppet in a government of marionettes. The first round of the Greek elections was certainly a powerful rejection of the austerity imposed by the bourgeoisie’s puny, misbegotten Europe. Continue reading