Chris Harman identifies three problems facing global capitalism.
The ruling classes of mainland Europe are now trying to recover from the shock which hit them in the early summer. Their central project of pushing through neo-liberalism was thrown into crisis by the No vote in the French and Dutch referendums.
Since the referendum all leaders of the European Union's mainstream parties have repeated the same refrain. Europe's economies, they say, have no future unless the mass of people are prepared to work harder, and for lower wages and pensions in order to cope with 'the challenge from India and China'.