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: Banks and the “Too big to jail” doctrine (Part 8)

  Complicity of Dexia in very serious Human Rights violations in the Israeli occupied territories

  1 September 2014, by Éric Toussaint

  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]

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• Series: The banks and the “Too Big to Jail” doctrine (Part 7)

  The Big Banks Organise Massive Tax Evasion on an International Scale

  31 August 2014, by Éric Toussaint

  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 (…)

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• Series : The banks and the “too big to jail” doctrine (Part 5)

  Big banks’ tampering with interest rates

  31 August 2014, by Éric Toussaint

  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.

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• Series : The banks and the “too big to jail” doctrine (Part 4)

  HSBC: the bank with a shameful past and scandalous present

  31 August 2014, by Éric Toussaint

  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.

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