International Viewpoint - online socialist magazine

• USA

  May Day in America, is it now here to stay?

  4 May, by Dan La Botz

  May Day is not a holiday in the United States. In most states and cities, it is not celebrated. In some places, in schools or public parks, people put up a May pole and dance around it to celebrate the arrival of spring. We did that in my elementary school in Chicago when I was a child. The official Labor Day in the United States, which is a national holiday, is celebrated on the first Monday in September and marks the end of summer and students’ return to school. But maybe this year things finally changed.

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• Nigeria

  Nigeria: against oil industry impunity

  3 May, by Paul Martial

  The Niger Delta has been totally devastated by decades of oil exploitation in Nigeria by the major Western oil companies. Huge tracts of land and mangrove swamps have been totally contaminated by oil, destroying all living things. People’s livelihoods, such as fishing and farming, have been wiped out. There is no longer any drinking water, and the air is polluted by the dozens of flares that burn continuously.

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• Mexico

  Mexico: “The right-wing parties are practically in the worst phase of their history”

  2 May, by Fabrice Thomas, José Luis

  José Luis is an activist in the Fourth International and a member of the Mexican electricians’ union. He spoke to Fabrice Thomas while visiting Europe for the world congress of the Fourth International.

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• Zambia

  Zambia: people are victims of extractivism

  1 May, by Paul Martial

  Despite recurring environmental disasters and the dangers to the population, the government of Zambia continues its extractivist policy. The southern African country has once again been hit by major pollution. 50 million tonnes of acidic sludge were discharged into the watercourse running alongside the Chinese company Sino Metals in Chambishi, which processes copper ores.

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• USA

  Trump and America: One-hundred days in the waiting room of fascism

  30 April, by Dan La Botz

  Since taking office 100 days ago, President Donald Trump has been engaged in destroying America’s liberal, democratic state and its social welfare systems, taking away citizens’ and non-citizens’ rights, and attacking the institutions of civil society such as universities and the media. Trump’s attack on our government and our society has shocked, disoriented, and disconcerted the American people. The resistance has been growing, but is still too divided, small, and weak to stop Trump

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...and the rest of the current issue

• Argentina

  Argentina: opposition to Milei revives

• Greece

  Greece: anger in the streets

• USA

  Trump reinvents war capitalism

• Palestine

  We need to talk about Gaza more than ever

• Sudan

  The Other Catastrophe: Genocide and Famine in Sudan

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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