As the third wave of global crisis of capitalism is approaching – the first and second waves being respectively the sub-prime housing and European sovereign debt crises – the so-called emerging and developing economies are entering deeper into economic, political and economic crisis. Nigeria connects to this global crisis through the mechanism of the global crude oil glut and collapsing commodity prices.
Below is a resolution of the Marxist Student Federation which is being discussed in Marxist societies all over Britain this week. As Marxist students fighting tuition fee rises, privatisations and attacks on our living standards, the struggle of the South African students is a great inspiration to us. Their struggle is our struggle. Workers of the world unite!
On Friday, 23 October, South Africa’s president, Jacob Zuma, announced that there will be no increases to student university fees for next year. This was a clear attempt by the government to contain a movement which has became too big to control.
A few moments ago, president Zuma announced live on national television that there shall be no university fee increases for 2016. This is a major victory for the thousands of youth who have been struggling for more than a week against the attacks on their education.
On Wednesday, 21 October, students shut down all major universities across the country in extraordinary scenes last witnessed in the 1980’s.
On Wednesday 14 October, thousands of workers heeded the call by the metalworkers’ union, NUMSA for a 24 hour strike and a national day of action against rampant corruption and looming job cuts.
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