Since the beginning of 2018, the Argentinian peso has fallen 30 percent against the dollar, reaching 25 pesos per dollar. The severity of the crisis has forced the government to raise interest rates to 40 percent. Seeing that this didn’t help, the government has taken steps to ask the IMF for a multi-billion-dollar loan to prop up the faltering economy. Seemingly coming like lightning from a clear blue sky, what this pending disaster really reveals is the fragile state of the Argentinian and world economy.

Nicolas Maduro was re-elected for another term of office in the Venezuelan presidential election on Sunday 20 May. The majority of the reactionary opposition, with full support from Washington and Brussels, had called for a boycott, which led to a very low turnout in the middle-and-upper-class areas of the main cities. Their demand that the elections be cancelled was echoed by right-wing governments in the region. This meant that many in the working-class and poor areas turned out to vote as a way of rejecting brazen imperialist meddling. However, even here turnout was visibly lower than in previous elections. The deep economic crisis is the major issue in people’s minds and many are sceptical about the government’s ability to deal with it.

As the Venezuelan presidential election on 20 May draws closer, the campaign of imperialist aggression by the US and its allies intensifies. The aim is clear: to implement regime change. At the same time, the economic crisis gripping the country has reached intolerable levels for the workers and the poor, and the government’s policies are impotent to resolve the situation. A revolutionary alternative is required, one capable of fighting the right wing and showing a real way out of hyperinflation, scarcity and economic depression.

The 2018 midterm elections are already upon us and 2020 will be here before we know it. Although the left and labor leaders seem to have blanked 2016 from their memories, the takeaways from that earthshaking political cycle are clear: 1) People are fed up with the status quo; 2) Interest in socialism is skyrocketing; 3) You can’t fight evil with more evil. How can we combine all of this to fight and defeat Trump and everything he represents?

At 1:30 in the afternoon of Monday, April 23, a man deliberately drove a rental van into pedestrians in the Yonge and Finch area of Toronto. At the time of writing 10 people are dead, while 15 are in hospital, some in serious condition. The injured and dead are men, women, possibly children, out walking in what is known as Toronto’s “north downtown”, a busy retail area. How can we understand such violence and hate?

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Revolution 2018 - a three-day festival of Marxist ideas

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Calendar: In Defence of Marxism
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Revolution 2018 - a three-day festival of Marxist ideas
Revolution 2018 is a three-day festival of Marxist ideas, hosted by Socialist Appeal, In Defence...
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