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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.

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  • Series: The banks and the “too big to jail” doctrine (Part 1)

    Banks and the New “Too Big to Jail” Doctrine

    30 August 2014, by Éric Toussaint

    We all know the saying, “Too big to fail”. The way governments have managed the crisis caused by the banks has given rise to, “Too big to jail,” [1] which is equally poetic! [2] Although the US government let Lehman Bros. go to the wall in September 2008, no other bank has been closed or broken-up, no directors have been condemned to prison [3]. The only exception in the western world is Iceland, where the courts have put three bank directors in prison. Larus Welding, the CEO of Glitnir, Iceland’s third biggest bank at the time, which went bankrupt in 2008, was condemned, in December 2012, to nine months in prison. Sigurdur Einarsson and Hreidar Mar Sigurdsson, the two principal directors of Kaupthing [4] were condemned to five years and five and a half years in prison in December 2013. [5]

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  • Sexual politics

    21st Century Socialist-Feminism: Part 2

    28 August 2014, by Johanna Brenner

    Looking back, we can see how the fate of socialist-feminism is closely tied to the fate of the broader institutions of working-class struggle. Socialist-feminists have always engaged in a two-sided effort: to bring an anti-racist, class-based feminist perspective into social movements and left political parties and a socialist perspective into feminist politics and women’s movements. Social-welfare feminism, social-democratic feminism, revolutionary socialist feminism, revolutionary women of color feminism, indigenous feminism, are some of the different currents within socialist-feminist politics. We can think of socialist feminism very broadly— to include all feminists (whether they would identify with the label or not) who see class as central but would not reduce relations of power and privilege organized around particular identities (e.g., gender, sexuality, race/ethnicity, nationality) to class oppression. Revolutionary socialist feminism is distinguished from social welfare or social-democratic feminism in that, whether implicitly or explicitly, revolutionary socialist feminists are unwilling to allow capitalism to set the horizon for what can be envisioned or struggled for.

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  • Sexual politics

    21st Century Socialist-Feminism: Part 1

    26 August 2014, by Johanna Brenner

    Looking back to the heady days of feminism’s “second wave” in the United States, it is distressing to acknowledge that the movement’s revolutionary moment is a dim memory, while key aspects of liberal feminism have been incorporated into the ruling class agenda. Liberal feminist ideas have been mobilized to support a range of neo-liberal initiatives including austerity, imperial war, and structural adjustment.

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  • Series : Bretton Woods, the World Bank and the IMF : 70th anniversary (Part 6)

    The cancellation of German debt in 1953 versus the attitude to the Third World and Greece

    26 August 2014, by Éric Toussaint

    The United States cancelled the debts of some of its allies. The most obvious instance of this kind was the way the German debt was largely cancelled by the 1953 London Agreement. In order to make sure that the economy of West Germany would thrive and thus become a key element of stability in the Atlantic bloc, the creditor allies led by the United States made major concessions to German authorities and corporations - concessions that went beyond debt relief. A comparison between the way West Germany was treated after WWII and the current attitude to developing countries or to Greece today is a telling story.

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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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