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| Global Justice
Part II: The global crisis that preceded the Arab Spring, the Indignados, and the Occupy Wall Street movement The International Context of Global Outrage (in 5 parts)
In 2007, the capitalist sky started to darken: the biggest crisis of capitalism since the 1930s had erupted. The different crises that ensued were interconnected: the banking and financial crisis, real estate crisis, and economic crisis in the most industrialized countries, and the food crises in the Southern countries, particularly in Africa and certain Asian countries (Latin America was less significantly affected), which mainly resulted from the economic policies practiced in the most industrialized countries, in particular the shift away from real estate speculation (when the housing bubble broke) towards the grains futures markets; and support for biofuel production. -> read article... |
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| Greece
Exchange between the FI Bureau and OKDE-Spartakos (Greek section) ,
Following the elections in Greece on the 6th of May the Bureau of the Fourth International published a statement “The future of the workers of Europe is being decided in Greece” available here. OKDE-Spartakos, the Greek section of the Fourth International wrote to give their opinion on this statement. Their letter and a reply by the Bureau are published below. -> read article... |
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| Venezuela
After Venezuela’s elections: defeat for the right, challenges for the leftAt the beginning of October, much of the world’s media descended on Caracas hoping to report on the end of an authoritarian regime. “Too close to call” was the refrain on almost every network. Market analysts at places like Barclay’s Capital urged investors to pile into Venezuelan debt on the assumption of an opposition victory. Months earlier Robert Zoellick, then still head of the World Bank, revelled in the certainty that Chavez’ days were numbered. Better still, Chavez’ defeat would put a stop to Venezuela’s subsidies to Cuba and Nicaragua and spell the end for those ’regimes’ too, bringing “an opportunity to make the Western Hemisphere the first democratic hemisphere”. When those pictures came out a week before the poll, of tens of thousands at the final opposition rally, it seemed they might be right. Many of us had forgotten that the Venezuelan opposition turned out dozens of equally massive rallies and marches back in 2002 to 2004. Even among left activists there were more and more of us mumbling about whether there was really much to save in the Bolivarian revolution. -> read article... |
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