On 26 August, after 50 days of bombarding Gaza by land, sea and air, Israel agreed a permanent ceasefire with Hamas and the Palestinian resistance. The onslaught on Gaza had become a massacre, leaving over 2,100 Palestinians dead and over 11,000 injured. Despite the carnage, the Zionists had failed to achieve their shifting war aims. They had not been able to stop the rocket attacks, there is no evidence that they had located or destroyed the network of defensive tunnels which, according to Prime Minister Netanyahu, spread like a spider’s web under Israel itself, and they had certainly not been able to destroy the military infrastructure of the resistance in Gaza. Most importantly, the Zionists had been unable to shift the balance of Palestinian power away from Hamas and the resistance towards Mahmoud Abbas and his pliant pro-imperialist Palestinian Authority (PA).
Fight Racism! Fight Imperialism! 240 August/September 2014
The British economy finally appears to have recovered from its steepest slump for 80 years. GDP is estimated to have passed its pre-recession peak of 2008 in the second quarter of 2014. Although it has lagged well behind the US, Canada, Germany and France in the speed of its recovery, the British economy is now growing at the fastest rate of the G7 major capitalist countries, and has employment levels at record highs. Yet all is not as it seems. Having undergone the slowest British recovery from recession on record despite extremely expansionary monetary policies, the economy is unbalanced, heavily indebted and experiencing very weak productivity growth. A growing low-paid, insecure workforce has become a key feature of the British economy. David Yaffe reports.