There is a generalised crisis of the so-called ‘Emerging Markets’ of the semi-colonial world, and the Turkish lira is only one of a number of sharply devalued currencies this year. Financial market commentators and speculators are all inclined to blame Turkish President Erdogan for the crisis affecting Turkey. In reality the main source of the wider crisis is the US President Trump.
Donald Trump’s former political strategist Steve Bannon has set up a new political organisation to assist the growth of far right forces across Europe and destabilise the European Union.
In a further escalation of the ongoing trade war between the U.S. and China, the Trump administration is preparing to announce 10% tariffs on an additional $200 billion worth of Chinese exports to the US, including a variety of consumer goods. The full list of goods on which the tariffs will be imposed is likely to be released later this week or early next week.
Under Donald Trump’s presidency US efforts to overthrow the Venezuela’s socialist revolution have been stepped up.
The current wave of attacks on migrants by governments in the US and Europe underlines the new centrality of racism in current Western politics and the developing links between Donald Trump and Europe’s far-right.
On 26 June Alexandria Ocasio-Cortez achieved a sensational victory in the primary election to be the Democratic Party’s candidate for New York’s 14th Congressional district at this November’s midterm elections.