International Viewpoint - online socialist magazine

• Sweden
  

  The Right Loses the Election – Social Democracy Records a Historic Low

  1 October, by Socialistiska Politik

  The policies pursued since 2022 have been among the most reactionary, racist, and repressive in modern Swedish history. Examples include restrictions on the right to asylum, attempts to retroactively revoke residence permits, significantly stricter requirements for obtaining Swedish citizenship, stop-and-search zones in working-class suburbs, repressive legislation that allows 14-year-olds to be imprisoned, deportations of young people separated from their families, legislative changes that threaten democracy, and welfare reforms that severely worsen conditions for the poorest and for those without citizenship.

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• Brazil
  

  Elections Crucial to Curbing Far Right

  30 September, by Israel Dutra, Mariana Riscali

  The Partido Socialismo e Liberdade (PSOL) and the anti-capitalist left have two gigantic challenges to face simultaneously in the coming Brazilian elections: to contribute to the broader struggle against the main Brazilian expression of global neo-fascism, and to build a radical and independent left pole.

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• Spanish state
  

  The spark that lit a prairie fire: let’s organise a hot autumn

  29 September, by Anticapitalistas

  On Wednesday, 23 September, the police evicted Maricarmen in Madrid. Maricarmen is an 87-year-old woman whose rent was gradually increased by a vulture fund, until the fund decided it wanted the flat for new business ventures. In that sense, her case is not so unusual: in Spain, there are thousands of evictions every year. The housing movement fights against them every day, often in the face of a media blackout that looks the other way when it comes to a tragedy that is part of everyday life in working-class neighbourhoods.

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• USA
  

  Protestors Rally against Mass Murderers Speaking at U.N. General Assembly

  28 September, by Dan La Botz

  Hundreds marched in three separate demonstrations to protest the mass murderers—President Donald Trump, Israeli Prime Minister Benjamin Netanyahu, and Iranian President Masoud Pezeshkian—speaking at the United Nations General Assembly held in New York last week. The event became a kind of macabre circus with these monsters in the big ring as some delegates walked out while others protested outside.

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• USA
  

  A Reign of Anti-Immigrant Terror

  27 September, by Dianne Feeley

  IN AUSTIN, TEXAS an ICE agent shoots a food delivery driver after he was rammed and pulled over by an unmarked van. Wilber Rafael Garces Perez, from Venezuela, entered the United States legally and is seeking asylum. He is now in ICE detention with his serious gunshot wounds inadequately treated.

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...and the rest of the current issue

• European Union

  Anti-migration measures: the EU Pact worsens an already hostile reality for exiles

• USA

  Battle over AI Creates New Political Allies and Enemies

• Climate

  Global warming and the headlong rush of fossil-fuel capitalism: the number one threat to global public health!

• Brazil

  We must turn up the volume and confront Bolsonaro’s supporters in the streets and at the polls

• Palestine/Lebanon

  Israel continues ethnic cleansing

Recently posted Features

• 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. [1]
  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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• Series: The banks and the “too big to jail” doctrine (Part 3)

  Drug and Bank Lords

  30 August 2014, by Éric Toussaint

  The British bank HSBC, which employs 260, 000 people worldwide, is present in 75 countries, and claims to have 54 million customers [2] is another example of the “Too Big to Jail” phenomenon. [3] Over the last ten years, HSBC has laundered $881 million [4] for Mexican and Columbian drug cartels that are responsible for tens of thousands of firearm related assassinations. These relations continue in spite of dozens of warnings from different US government agencies including the Office of the Comptroller of the Currency. The profits from this business are so important that not only does HSBC continue, but it has also opened specialized services in its Mexico offices where drug dealers may simply hand in stocks of cash for cleaning. [5]

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• Series: The banks and the “too big to jail” doctrine (Part 2)

  Bank abuses in the real estate sector and illegal foreclosures in the United States

  30 August 2014, by Éric Toussaint

  From 2010 to 2013, US authorities made agreements with banks, not to prosecute them in the home mortgage and illegal foreclosures scandal. Instead, they merely had to pay a small fine. Since the outbreak of the crisis in 2006-2007, more than 14 million families have been evicted from their homes — at least 500,000 illegally. With help from social movements such as Strike Debt [6], many victims have become organized to resist the sheriffs and refuse these evictions. In addition, thousands of lawsuits have been filed against the banks.

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