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The US assault on Latin America

20th September 2010 Socialist Action 0

First published: May 1990

The return of the ballot box in several key Latin American countries (a rarity in the last ten years) has been hailed as the return of democracy in the continent.

This is less than half the truth. While some of the most vicious dictatorships have gone, in Brazil, Argentina, Chile, Uruguay, Bolivia, Peru, and others have either been severely weakened or thrown into total disarray as in Paraguay and Haiti, this ‘democratic’ wave has not touched the decisive countries in Central America such as Guatemala and El Salvador, and the policies of the new civilian governments are determined by strict limitations imposed by the outgoing military and the utterly capitulating character of the parties coming to office. Besides, the ‘democracy’ that has been introduced is severely faulty, to put it mildly.

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After the bombing of Yugoslavia – the US prepares to confront China

20th September 2010 Socialist Action 0

First published: Dec 1999

The NATO bombing of Yugoslavia set a precedent for unilateral military action by the United States and its allies outside of any framework of international law – making clear that such wars would not be subject to vetoes by China or Russia within the United Nations Security Council. This was not an ‘accident’ necessitated by the urgency for humanitarian intervention, as NATO claimed. The bombing was meticulously planned many months in advance. The destruction of the post-World War Two international political order was rather a central goal of the bombing and the way in which it was launched.

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Venezuela and 21st century socialism

20th September 2010 Socialist Action 0

First published: May 2006

Chávez’s visit to London in mid-May gave an opportunity to deepen understanding of many details of the Venezuelan revolution. Particularly instructive were emphases in Chávez’s speech to the solidarity rally in Camden Town Hall on 14 May.

First let us return to fundamentals. What is taking place in Venezuela is the first self-defined and conscious attempt to create a socialist society since the Sandinista revolution in Nicaragua. It is therefore also the first offensive struggle at a state level for over 25 years. That is already momentous. After a quarter of a century the working class is waging a direct struggle for state power. Furthermore the Venezuelan revolution has the specific form of being the first successful taking of state power essentially through urban insurrection since the Russian Revolution of 1917 and its immediate aftermath.

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Capitalism and the rise of world poverty

13th September 2010 Socialist Action 0

First published: October/November 1998

[NB this article refers to illustrative figures which we hope to include in due course.]

It is appropriate in the year of the 150th anniversary of the Communist Manifesto to draw up the economic balance sheet of capitalism in the twentieth century. In addition to the destruction of two World Wars and numerous regional wars, the record is that economic development of a small core of imperialist states occurred at the expense of the populations of the majority of market economies falling further and further behind. The only large economies to close the gap with the major imperialist states are those where capitalism was overthrown. Where capitalism was restored that progress was reversed. With capitalism entering a new period of global turmoil, translating into impoverishment, starvation and untold misery for hundreds of millions of people, Marx and Engels’ view that the working class is the only social force which can take humanity as a whole forward retains all of its force today.

Since the mid-1970s, inequality has risen to the highest levels in history. Impoverishment, starvation, avoidable disease and death have devastated whole continents and destroyed the lives of millions of people.

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Capital’s global crisis

13th September 2010 Socialist Action 0

First published: October 1998

The post-1989 triumphalism of the international imperialist system suffered two shuddering blows at the end of August. First, on the economic plane, it became clear that all of the efforts to contain the 1929-scale slump which has afflicted east Asia since last summer have failed – its fall-out is progressively extending its effects to the entire world economy. Second, the chain of the international capitalist economy broke at its weakest link – Russia – and this posed the most serious political challenge to imperialism since 1989, namely, the realistic possibility that the capitalist course imposed on that country since the end of 1991 might be over-turned. The shudder of doubt which passed through the world of capital manifested itself in stock market prices, innumerable articles on the ‘backlash against the free market’, through to the farcical powerlessness of the Clinton/Yeltsin summit.

The driving force of this crisis was the realisation that the east Asian economic crisis had not been confined to that region. But its political punch was delivered by the palpable risk that capitalism could yet be overturned in a country, Russia, whose nuclear weapons rule out the direct Western military intervention which would otherwise be used in such circumstances. The latter political reality was reinforced by the inevitability of rising social and political opposition to imperialism’s prescriptions for east Asia.

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Capitalism hits a brick wall in Russia

13th September 2010 Socialist Action 0

First published: October 1998

In one of the most spectacular financial explosions in history, on 17 August, in the space of one day, Russia’s entire financial system collapsed. Stock markets around the world were sent reeling, not because of Russia’s weight in the world economy, nor the big losses incurred by Western banks speculating on the Russian bond market, but because Russian capitalism had run into a dead-end from which there appeared to be no way out. What really rattled the markets was the possibility that, faced with destitution this winter, the Russian people might call a halt to the re-introduction of capitalism, which having already resulted in the greatest peacetime industrial collapse in history, now promises worse. As one commentator said, it began to dawn on the markets that capitalism’s victory over socialism might turn out to be only a short episode at the end of the 20th century. Even the financial press, and people like George Soros, echoed this sentiment.