International Viewpoint, the monthly English-language magazine of the Fourth International, is a window to radical alternatives world-wide, carrying reports, analysis and debates from all corners of the globe. Correspondents in over 50 countries report on popular struggles, and the debates that are shaping the left of tomorrow.
As the U.S.-Israeli war on Iran goes into its third week, the people of the United States are still figuring out what they think about the conflict. Since the war began, most polls show a majority of Americans disapprove of the war, something unseen in modern American history. A majority of Americans approved of World War II, the Korean War, and initially of the Vietnam War. After the terrorist attacks of September 11, 2000—the American government, anxious for revenge—was backed by huge majorities when it made war on Afghanistan in 2001. When in 2003 the George W. Bush administration wanted to make war on Iraq, it fabricated false evidence that Saddam Hussein had nuclear and biological weapons of mass destruction, and, bamboozled by Bush, nearly three-quarters of the American people supported the war.
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The first round of the French local elections will take place on Sunday 15 March, the second on 22 March. There is a real possibility that the “traditional” right, which is increasingly radicalizing in a far right direction, will win in Paris, under Socialist Party government since 1995, and that the Rassemblement National could win in France’s second, and very multi-racial, city, Marseilles.
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“This landmark ruling highlights the links between institutional politics, militias and economic interests in Rio de Janeiro.”
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The upcoming mass No Kings! demonstrations planned for March 28 and ambitious plans for May Day mobilizations point to the growing convergence of anti-Trump forces. This convergence takes place against the backdrop of Trumps’ destructive assault on democratic rights in the US and the sovereignty of nations abroad, most recently his reckless aerial attack on Iran, and plummeting approval ratings in the polls.
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“"Either their profits or our lives": the slogan is everywhere.”
read article...In 2001, the Dexia Group (Dexia SA) took over the Israeli bank Otzar Hashilton Hamekomi. It has been disclosed that this subsidiary – now called Dexia Israel – finances Israeli colonies in the Palestinian territories [1]which means Dexia is involved in the occupation of Palestine. As the platform “Palestine occupée – Dexia impliquée( Occupied Palestine - Dexia Involved)” says, “financing these colonies contravenes international law, in particular article 49 of the fourth Geneva Convention, which states, ’The occupying power shall not deport or transfer parts of its own population into the territory it occupies.’” [2]
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 (…)
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.
The British bank HSBC (Hong Kong and Shanghai Banking Corporation) employs 260, 000 people, has offices in 75 countries, and 54 million customers. [3]
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.
The majority of the party votes to maintain its autonomy and a commitment to social change.
- read article...After 59 days of unjust imprisonment, Lyes Touati has finally been acquitted - 59 days of waiting, mobilization, solidarity and determination.
- read article...20 January by Eric Toussaint, CADTM International, Walden Bello, Sushovan Dhar, Jeremy Corbyn, Yanis Varoufakis, Rafael Bernabe, Zoe Konstantopoulou, Jean-Luc Mélenchon, Gilbert Achcar, Tithi Bhattacharya, Nancy Fraser, Michael Roberts, Vijay Prashad, Achin Vanaik, Zarah Sultana, Manon Aubry, Annie Ernaux, Ada Colau, Bhaskar Sunkara.
- read article...International Viewpoint is published under the responsibility of the Bureau of the Fourth International. Signed articles do not necessarily reflect editorial policy. Articles can be reprinted with acknowledgement, and a live link if possible.
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