International Viewpoint - online socialist magazine

• China

  The social cost of China’s resistance to Trump’s tariff war

  3 July, by An Dexin, Au Loong-Yu

  Trump’s tariffs bullied the whole world. Both Canada and China reacted strongly against them, most countries did not. This garnered a lot of international support for Beijing,. A global poll conducted by Morning Consult showed that in January last year, the U.S. in various countries scored more than 20 points while China scored negatively. However, by the end of May this year, after Trump’s “Liberation Day”, the perceptions reversed, with the U.S. at -1.5 and China at +8.8. Many see this as a reflection of people’s sympathy with China’s resistance to Trump. This comes with a heavy price, however. China’s exports have already slowed down since early 2025, and in May it plunged 34.5% year-on-year.

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• Serbia

  Serbia: controlled, decentralized chaos across the country, but power is waning

  2 July, by Tara Mirković

  Since Sunday night, a veritable game of cat and mouse has been played out on the streets of Belgrade between citizens and the police. The principle is simple and highly effective: erect improvised barricades, block a street or intersection, wait for the police to arrive, then disperse peacefully before starting again further on. In this ballet of non-violent resistance, each withdrawal is a new opening. While the police dismantle the roadblocks, sometimes violently, others form elsewhere. And this elusive movement is spreading throughout the country.

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• Argentina

  Mobilisations in Argentina: Brief considerations on the current political turmoil

  1 July, by Eduardo Lucita

  “Everything is moving toward the eventual establishment of a new political regime in the country. Massive and sustained popular mobilisation is what can put a stop to this reactionary process, but this must not sideline the national midterm elections next October, which are also a decisive arena for struggle.”

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• Madagascar

  Draft laws play hide-and-seek in Madagascar

  30 June, by Paul Martial

  In Madagascar, parliamentary bills are kept secret until they are passed. Neither citizens nor MPs can debate texts that are sometimes crucial to the life of the country. In the face of this authoritarian closure, civil society organizations are denouncing an anti-democratic drift orchestrated by Rajoelina’s government.

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• USA

  Can Democratic Socialist Mamdani become Mayor of New York?

  29 June, by Dan La Botz

  “Mamdani’s campaign, platform, and victory point a possible new direction for the Democrats and for the left. But it will be hard to beat the billionaires.”

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...and the rest of the current issue

• Africa

  Overfishing is plundering waters in Africa

• Denmark

  Enhedslisten: Support for more defence - but which defence?

• Mexico

  A mixed success for the President in Mexico

• USA

  State of the Resistance

• Argentina

  Cristina Kirchner condemned and banned from election

Recently posted Features

• Series : Bretton Woods, the World Bank and the IMF: 70th anniversary (Part 4)

  SUNFED versus World Bank

  6 August 2014, by Éric Toussaint

  From 1950 to 1960, having no Marshall Plan to promote their growth, the developing countries proposed that a new UN body be created, based on a “one country, one vote” system designed to facilitate loans to their industries: SUNFED (Special United Nations Fund for Economic Development). The industrialized countries were fiercely opposed to this move, and successfully imposed a counter-proposal, the International Development Association (IDA), a branch of the World Bank, thus effectively putting an end to SUNFED. [1]

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• Series : Bretton Woods, the World Bank and the IMF: 70th anniversary (Part 3)

  Early conflicts between the UN and the World Bank/IMF tandem

  6 August 2014, by Éric Toussaint

  The World Bank and the IMF are specialized institutions of the UN, comparable in theory to the International Labour Organization (ILA) or the Food and Agriculture Organization of the United Nations (FAO). As such, they are supposed to cooperate closely with the various UN bodies and the other specialized institutions to achieve the objectives set out in the Charter and in the Universal Declaration of Human Rights.

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• Series : 70 years since Bretton Woods, the World Bank and the IMF (Part 2)

  The World Bank assists the powerful witch-hunters

  28 July 2014, by Éric Toussaint

  Contrary to common belief, the mission of the World Bank is not to reduce poverty in developing countries. The Bank’s mission, as originally conceived by the victors of the Second World War, the United States and Great Britain in particular, was to help rebuild Europe, and secondarily to promote the economic growth of the countries in the South, many of which were still under colonial rule. It was this second mission that went by the name of “development” and which constantly increased in scope. The World Bank lent money first of all to the colonial powers (Great Britain, France, Belgium) to help them more effectively exploit their colonies. Then, when these colonies became independent, the Bank made them liable for the debt that had only been contracted by their former metropolis in order to better exploit their natural resources and their population.

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• Series : 70 years since Bretton Woods, the World Bank and the IMF (Part 1)

  Concerning the founding of the Bretton Woods’ Institutions

  28 July 2014, by Éric Toussaint

  70 years ago, July 22 1944, the United Nations Monetary and Financial Conference, better known as the Bretton Woods [2] Conference, that had lasted for three weeks, reached a conclusion.}} It was attended by representatives from 44 countries [3].

  In order to prevent a recurrence of economic crises like the crash of 1929, but also to ensure world leadership in the post-war era, the United States government began to plan for the creation of international financial institutions as early as 1941. The World Bank and the International Monetary Fund saw the light of day at the Bretton Woods Conference of 1944 held in Bretton Woods, New Hampshire. Initially, the Roosevelt administration was in favour of creating strong institutions capable of imposing rules on the private financial sector, including Wall Street. But noticing the hostility of the banking world Roosevelt backed down. Indeed, the distribution of votes within the World Bank and the International Monetary Fund clearly illustrates the will of certain major powers to exert domination over the rest of the world.

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