We are taking a break

In Defence of Marxism is taking a short break from regular daily publications from 22 July until 3 September

The Bankruptcy of Puerto Rican Capitalism

Written by John Peterson Friday, 28 August 2015

The Bankruptcy of Puerto Rican CapitalismThe capitalist crisis is relentless, ravaging one region of the world after another. As exemplified by Europe’s “weakest link,” economic and political turmoil in even a small country like Greece can have a knock-on effect throughout the world system. In the Americas, there are many “weak links.” The Commonwealth of Puerto Rico is just the latest of the world’s economies to be dragged down by the crisis. Made up of 143 mostly uninhabited islands, cays, atolls, and islets, it is formally an unincorporated territory of the United States, and is linked by countless economic, social, political, and historic ties to the US mainland.

 

Police repression in Mexico City - IMT members injured

Written by In Defence of Marxism Thursday, 27 August 2015

Police repression in Mexico City - IMT members injuredOn August 26, after the end of the demonstration for the 43 Ayotzinapa students disappeared by the state 11 months ago, the Mexico City police attacked a group of activists on their way home, injuring several of them. Amongst them were mothers of the Ayotzinapa students as well as leading members of La Izquierda Socialista (IMT) and the CLEP (Polytechnic Students Struggle Committee).

 

Lebanon: police repression as youth demand the resignation of the government

Written by In Defence of Marxism Thursday, 27 August 2015

Lebanon: police repression as youth demand the resignation of the governmentDemonstrators in downtown Beirut are under severe police repression. Dozens have been injured and at least 90 of the protesters have been arrested so far, but the count is likely to grow in the next hours. The sweeping protest of Lebanese youth, which took the name of the “You Stink” movement, started on August 22.

 

Stock market meltdown: Harbinger of new world slump

Written by Rob Sewell Wednesday, 26 August 2015

stock-brokerWorld stock markets have been in meltdown from Shanghai and Shenzhen to London and New York. A sea of red blighted the computer screens of the stock exchanges everywhere in a panic global sell-off. Shock and disbelief among investors was ubiquitous. Even as the Dow Jones claws its way back from its worst losses, extreme volatility pervades the entire system. Could this crash be a one-off event, which will quickly return to normal, or the beginning of a series of shocks in an unstoppable chain of events?

 

American Politics Gets Interesting

Written by John Peterson Tuesday, 25 August 2015

thumb bernieAfter years of monotonous two-party ping-pong, American politics has started to get interesting. Without a mass political party of our own, US workers are forced to abstain, cast a protest vote, or choose between one capitalist party or another. So far, these are still the only options for 2016. But although the current contest is being played out within the narrow constraints of the two-party system, the limits of the current set up are increasingly apparent. Just a few months ago, it was shaping up to be a snoozefest between yet another Bush and another Clinton. However, Bernie Sanders and Donald Trump—and above all, the American electorate—had other ideas.

 

Seize the moment! Vote for Corbyn! Fight for Socialism!

Written by Rob Sewell Monday, 24 August 2015

VoteforCorbyn-thA political earthquake is shaking the Labour Party to its foundations. An unprecedented 610,000 are voting to elect a new leader. The ramifications are being felt everywhere. The mood of anger and bitterness that has built up in society was desperately searching for an outlet. In Scotland, it found the outlet in the Referendum and the rise of the SNP. Now Corbyn’s campaign for Labour leader has acted like a lightning rod for this discontent. It appears to be unstoppable, with Jeremy Corbyn on course to win the Labour leadership contest.

 

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El colapso del mercado accionario: el preanuncio de una nueva recesión mundial

Written by Rob Sewell Friday, 28 August 2015

stock-brokerLas bolsas valores mundiales han estado desplomándose desde Shanghái y Shenzhen hasta Londres y Nueva York. Un mar de luces rojas tomó las pantallas de las computadoras de las bolsas valores de todo el mundo en un pánico total de ventas masivas. La conmoción y la incredulidad entre los inversionistas eran omnipresentes. Aunque el Dow Jones [indicador de la bolsa de Nueva York] se ha recuperado de sus peores perdidas, una extrema volatilidad impregna todo el sistema. ¿Será este un accidente aislado, que rápidamente volverá a la normalidad, o el inicio de una serie de choques en una cadena interminable de acontecimientos?

 

Represión policial en la Ciudad de México - Miembros de la CMI heridos

Written by En defensa del marxismo Thursday, 27 August 2015

Ubaldo Meneses injured-thEl 26 de agosto, después de terminada la manifestación de apoyo a los 43 estudiantes de Ayotzinapa desaparecidos por el Estado hace 11 meses, la policía de Ciudad de México atacó a un grupo de activistas en su camino a casa, hiriendo a varios de ellos. Entre ellos se encontraban las madres de los estudiantes de Ayotzinapa, así como los principales miembros de La Izquierda Socialista (CMI) y el CLEP (Comité de Lucha de los Estudiantes del Politécnico).

 

Gran Bretaña: un nuevo movimiento político está naciendo del apoyo masivo a Jeremy Corbyn

Written by Sam Ashton Tuesday, 25 August 2015

thumb Jeremy-Corbyn-rallyDesde el 14 de agosto hasta el 10 de septiembre se elegirá al secretario del Partido Laborista de Gran Bretaña. Por primera vez votarán no solo los afiliados sino también los simpatizantes del partido, una novedad que está creando muchos problemas al ala derecha que lo impulsó para diluir el peso del voto militante. La candidatura de Jeremy Corbyn, diputado de la izquierda laborista, está catalizando la rabia y el descontento de muchos jóvenes y trabajadores y lidera las intenciones de voto.