International Viewpoint - online socialist magazine

• Iran
  

  A (temporary) calm before the storm in Iran

  14 July, by Houshang Sepehr

  This article, analysing the underlying dynamics of the “Memorandum of Understanding”, was written before the renewed USA attacks on Iran, thus demonstrating it was indeed a temporary calm.

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• Climate
  

  There’s a class struggle under the sun; the heat is eating away at wages

  13 July, by Luigi Pandolfi

  “It’s hot. For some, it’s just a matter of temperature. For the working class, however, it’s already a matter of health and finances: less income, higher prices, greater vulnerability. “The severe heat wave sweeping across Europe threatens people’s health, their livelihoods, and their ability to work,” Jessie Ruth Schleypen, a climate economist at Climate Analytics, told Bloomberg.”

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• USA
  

  Progressives Strategic Failure: A Warning

  12 July, by Dan La Botz

  Democratic Party candidates are perceived by many voters as part of the system, part of the establishment, which indeed most are. The most common profession of Democratic congressional representatives and senators is law. Most don’t seem to share the common experiences of working class and lower middle-class people, because in fact they don’t. Lawyers’ average incomes range between $150,000 and $250,000, while the median income for American workers is $45,000 to $64,000,

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• Germany
  

  Forcing Refugees To Return to Syria is a Bad Idea

  11 July, by Joseph Daher

  “Not only are the conditions for a safe and dignified return to Syria not given. Without economic recovery and the reconstruction of critical state infrastructure a mass return of refugees to Syria would only worsen socio-economic conditions within the country and threaten large sectors of society dependent on remittances to survive.”

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• Palestine
  

  Israel targets and kills children

  10 July, by Édouard Soulier

  Two damning reports show that, in both Gaza and the West Bank, Israel is deliberately targeting Palestinian children.

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...and the rest of the current issue

• G7 summit

  The G7: the imperialist order under Trump’s leadership

• Kenya

  Resisting “green capitalism” in Kenya

• Ecosocialism

  Many Fronts, One Struggle: A Report on the 7th International Ecosocialist Encounters

• USA

  Trump Campaigns on Anti-Communism as Left Opponents Are Indicted

• Venezuela

  215 years after Venezuela’s Declaration of Independence: Long live the republic

Recently posted Features

• 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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• 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 [3]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.’” [4]

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