International Viewpoint - online socialist magazine

• USA

  The US strategy, a threat to the peoples of the world

  16 December, by Ana C. Carvalhaes

  Openly supremacist, colonialist and racist-xenophobic, Trump’s national security strategy includes new or reformulated threats. It is old-style imperialism , adapted to deal with the current challenges to US hegemonic power.

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• USA

  Starbucks Workers Continue Strike for Union Contract

  15 December, by Dan La Botz

  Thousands of Starbucks workers continue their fight for a union contract with strikes and rallies across the country. The latest strike began on November 13 and continues off-and-on at stores across the country. In mid-December some 3,800 Starbucks baristas were on strike at more than 180 stores in over 130 cities. The union, Starbucks Workers United claims a total 14,000 members at about 650 stores.

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• France

  1995, the year of the social movement

  14 December, by Hélène Adam

  “Thirty years ago, the largest mass mobilization since May 68 thwarted the Juppé Plan, the public sector pension plan, and clearly stood in defence of a model of society based on solidarity and public service.”

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• Syria

  Why Syria needs better governance...and a new kind of opposition

  13 December, by Joseph Daher

  Syria’s post-Assad leadership is failing its people, igniting protests over poverty & inequality. Joseph Daher reflects on a year under Ahmed al-Sharaa.

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• Indonesia

  Indonesia hit by climate disaster and authoritarian power

  12 December, by Pierre Rousset

  Cyclone Senyar has caused deadly floods and landslides in several Indonesian provinces. The toll looks set to be very heavy, and the government’s (non-)risk prevention policy is once again under scrutiny.
  A week after the cyclone passed, it is still impossible to measure the full extent of the devastation in the provinces of Aceh, North Sumatra and West Sumatra. At least 961 people have lost their lives, with nearly 300 still missing, over 156,000 homes have been damaged or destroyed, (…)

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...and the rest of the current issue

• Ukraine

  Fighting for the Least Unjust Peace

• International Anti-Fascist Conference

  Launch of the International Committee for the Anti-Fascist and for the Sovereignty of Peoples Conference

• Morocco

  GenZ 212 movement in Morocco

• USA

  Trump Intensified Racist Attack on Immigrants—and the Resistance

• Poland

  Support the struggle of the Valeo workers in Poland

Recently posted Features

• Series: The banks and the “Too Big to Jail” doctrine (Part 7)

  The Big Banks Organise Massive Tax Evasion on an International Scale

  31 August 2014, by Éric Toussaint

  Another example of the “Too Big to Jail” doctrine: International tax evasion and fraud organised by UBS, Switzerland’s biggest bank.
  UBS, which had to be saved from failure in October 2008 by massive injections of Swiss public money, was involved in the LIBOR manipulation scandal, the currency markets manipulation scandal (UBS is the subject of several inquiries by controlling authorities in Hong Kong, US, the UK, and in Switzerland) and the abusive sale of structured Mortgage-Backed (…)

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• Series : The banks and the “too big to jail” doctrine (Part 5)

  Big banks’ tampering with interest rates

  31 August 2014, by Éric Toussaint

  The extremely tolerant approach to the manipulation of interest rates by the governments of the main industrialised countries shows the extent to which the ’Too Big to Jail’ principle is applied. In 2010 the media revealed that a group of eighteen banks had been manipulating the London Interbank Offered Rate (LIBOR) from 2005 to 2010. LIBOR is a benchmark rate used for a market of $350 trillion, in assets and financial derivatives, which means it is the second most important benchmark rate in the world after the dollar exchange rate. The rate is based on information provided by eighteen banks about their funding costs in interbank markets. In 2012 evidence was provided of collusion among big banks such as UBS, Barclays, Rabobank, or Royal Bank of Scotland in order to manipulate LIBOR in their own interests.

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• Series : The banks and the “too big to jail” doctrine (Part 4)

  HSBC: the bank with a shameful past and scandalous present

  31 August 2014, by Éric Toussaint

  The British bank HSBC (Hong Kong and Shanghai Banking Corporation) employs 260, 000 people, has offices in 75 countries, and 54 million customers. [1]
  From its earliest days, it has been involved in the international narcotics trade. It was founded in the wake of the British victories in the Opium Wars (1839-1842 and 1856-1860) against China. These two wars were very important to the strengthening of the British Empire and the century and a half waning of China. Through the Opium Wars, the British Empire forced China to accept opium importations coming from British India. China tried to oppose this commerce, but British arms, backed by Washington, proved stronger. London established a colony in Hong Kong in 1865, where HSBC was created by a Scottish merchant specializing in the opium trade— the basis of 70% of Hong Kong trade with the Indies.

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• Series: The banks and the “too big to jail” doctrine (Part 3)

  Drug and Bank Lords

  30 August 2014, by Éric Toussaint

  The British bank HSBC, which employs 260, 000 people worldwide, is present in 75 countries, and claims to have 54 million customers [2] is another example of the “Too Big to Jail” phenomenon. [3] Over the last ten years, HSBC has laundered $881 million [4] for Mexican and Columbian drug cartels that are responsible for tens of thousands of firearm related assassinations. These relations continue in spite of dozens of warnings from different US government agencies including the Office of the Comptroller of the Currency. The profits from this business are so important that not only does HSBC continue, but it has also opened specialized services in its Mexico offices where drug dealers may simply hand in stocks of cash for cleaning. [5]

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