International Viewpoint - online socialist magazine

• Japan
  

  The Political Landscape Surrounding the Snap General Election

  23 January, by Toshizo Omori

  Prime Minister Takaichi announced the dissolution of The House of Representatives and the general election at a press conference on January 19th. The general election is to be held on Sunday, February 8th. This brief essay will examine the current political situation, focusing on what the snap election means and why a new party, the Centrist Reform Coalition, was formed by the Constitutional Democratic Party (CDP) and the Komeito Party (Komeito).

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• USA
  

  Resisting Trump’s Assault on Democratic Rights and the Sovereignty of Nations

  22 January, by Kay Mann

  “The efforts to defend immigrants from ICE raids have all the markings of an authentic nascent social movement. ”

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• Portugal
  

  New neofascist advance in presidential elections

  21 January, by Jorge Costa

  “The reduction in the electoral strength of the left is an invitation for activists to reflect on the fragmentation of this camp. In the downward spiral of the last three years, the only time the left has made its mark on the public debate to contest popular opinion was during last December’s general strike, called jointly by the CGTP and UGT against the new labour laws that the government wants to impose.”

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• Big Tech
  

  Techno-feudal lords or oligarchy of data traffickers?

  20 January, by Françisco Louçã

  Intensive use of social networks, more than other forms of Internet presence, with the possible exception of games, generates behaviours comparable to other forms of drug addiction, such as excessive consumption and psychological, or even physical, hangovers. This article argues that this is the product sold by this new oligarchy.

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• Ukraine
  

  Kyiv in crisis: how wild capitalism is exacerbating the devastation

  19 January, by Vitaliy Dudin

  The year 2026 began with devastating Russian shelling of Kyiv’s infrastructure, which, in freezing conditions, brought the population to the brink of survival. The city, home to 3 million people, is experiencing an acute shortage of heat and water, and electricity is being supplied on a short-term basis. It has become clear that the authorities had no plan B in case of a catastrophic deterioration in the security and weather situation.

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...and the rest of the current issue

• USA

  Trump’s Occupation of Minnesota and the Resistance

• Europe

  Europe in 2025

• Burkina Faso

  The proper use of conspiracies

• Far right and academic freedom

  Academic freedom under attack

• Arab Spring

  From the Ashes of the Arab Spring

Recently posted Features

• Series: Governments submit to “Too Big to Fail” banks (part 3)

  Private banks shamefully enjoy a monopoly of lending to the public sector

  8 September 2014, by Éric Toussaint

  The eurozone banks have the monopoly of lending to the public sector. It is prohibited for the ECB and the eurozone’s central banks to grant loans to public authorities (see box on the ECB). The governments in the eurozone have the possibility of borrowing from publicly owned banks where they still exist, but they do not do so.

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• Series: Governments submit to “Too Big to Fail” banks (part 2)

  Governments make Gifts Galore to Private Banks

  8 September 2014, by Éric Toussaint

  Government aid is made up of guarantees, and injections of capital in order to recapitalize the banks. In the period from October 2008 to December 2011, €1,174 trillion (9.3% of EU GDP [1] ) worth of guarantees were underwritten by European Governments as a contingency measure. To these guarantees must be added €442 billion (3.5% of EU GDP) of public capital support to banks. During 2012 and 2013 the recapitalizations continued: about €40 billion in Spain in 2012 alone, more than €50 billion in Greece, about €20 billion in Cyprus, €4 billion more for Dexia bank in Belgium, €3.9 billion for Monte dei Paschi in Italy, €3.7 billion for the Dutch bank SNS, €4.2 billion in Portugal on top of the Portuguese bail-out of the Banco Esperito Santo in July 2014., not forgetting Ireland, Slovenia, Croatia This assistance was granted without any government supervision of the use made of the funds. [2]

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• Series: Governments submit to “Too Big to Fail” banks (Part 1)

  Central Banks lend massively to the banking sector

  8 September 2014, by Éric Toussaint

  Since the banking bubble burst in 2007, the major Central Banks of the most industrialised countries lend massively to private banks at very low interest rates in order to avoid their failure, thus permitting the big banks that take the most advantage to save considerable amounts in interest payments.

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• Last part of the series: The Banks and the “Too Big to Jail” Doctrine (Part 9)

  The Impunity Enjoyed by the Banks must Stop

  1 September 2014, by Éric Toussaint

  We all know the saying “Too big to fail.” In managing the crisis the banks have caused, the governments of the industrialised countries have adopted a new doctrine that might be summed up as “Too big to jail.”

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