On 12 July, the Arbitration Court at The Hague handed down judgment on the case brought under the UN Convention on the Law of the Sea (UNCLOS) by the Philippines against China. In a pre-arranged declaration, the Court ruled comprehensively against China’s claims in the South China Sea.
Progressive people are being asked to endorse the statement below supporting democracy in Brazil.
Economic targets for China were announced during the National People’s Congress of at least 6.5% annual GDP growth during the 13th Five Year Plan in 2016-20 and 6.5%-7.0% for 2016. Some Western economists claim such targets cannot be achieved. In fact, analysis of supply side factors, which will primarily be relied on to achieve these goals, shows clearly why China can achieve its 6.5% minimum growth goal.
The following article by John Ross, setting out why the Chinese economy will not have a hard landing, was previously published by Socialist Economic Bulletin.
Some US hedge funds, echoed by parts of the international media, are currently trotting out the perennially inaccurate myth that China's economy is about to suffer a "hard landing." This invariably incorrect prediction has been periodically repeated for decades since China launched economic reforms in 1978. The claim then was that by failing to privatize companies, not adopting what became known as "shock therapy" in Russia and Eastern Europe, China condemned itself to stagnation. Instead in 1978-2015, China experienced average annual 9.6 percent GDP growth - the fastest by a major economy in human history.
On February 25th, the European Parliament approved an EU wide arms embargo against Saudi Arabia until alleged breaches of international humanitarian law in Yemen have been fully investigated.
The article below by Ian Richardson, reviews the book A World to Build: New Paths toward Twenty-First Century Socialism by Marta Harnecker, and was originally published by Counterfire.
A major discussion is taking place in China on the issue of its economy’s ‘supply side’. Naturally there are aspects of this which relate to specifically Chinese issues. Discussion in China also differs fundamentally from that in the West in that it takes place simultaneously in both ‘Western’ and ‘Marxist’ economic terms. Nevertheless the overall framework of this discussion equally relates to the key issues of economic policy in Western countries.
In the later part of the 20th century Latin America suffered an economic catastrophe from neo-liberal policies. Until 1993 average per capita GDP in developing Latin American economies remained below 1981 levels. By 1998 annual average per capita GDP growth was still only 0.9% – taking a five-year average to remove cyclical fluctuations.
Boris Johnson supported the catastrophic invasion of Iraq, launched by Bush and Blair, which is the cause of the present chaos in the Middle East and the rise of global terrorism it has resulted in. Like the bombing of Libya the Iraq invasion turned previously powerless jihadist terrorists into a powerful force. Above all the people of the Middle East but also those in Paris, San Bernardino, and Mali are paying for that with their lives.
The effective measures that would really defeat ISIS are very simple - the fact Cameron doesn't propose them shows he is lying about trying to destroy ISIS.
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