Since the death of its founder and leader Keerthi Balasooriya in December 1987, Wije Dias assumed the leadership.

It publishes analyses on political, economic and other issues, and runs election campaigns via the World Socialist Web Site.

It maintains that the civil war can only be end by uniting working people regardless of their ethnic origin and demanding the immediate and unconditional withdrawal of armed forces from the North and East.

[2] It has consistently opposed the LTTE’s demand for a separate state, insisting that the democratic rights of the Tamil masses can only be defended through a united struggle of the Sinhala and Tamil workers for genuine social equality.

It maintains that the LTTE's demand for separate state of Tamil Eelam in North and East of Sri Lanka will only give the LTTE leadership the opportunity to further the interests of a thin layer of the Tamil middle class whose ambition is to act as local agents for investors of major economies in a capitalist statelet and which will not improve the living conditions of masses.