The world economy is tottering. This week it has been buffeted by two extremely turbulent financial storms - Greece and, suddenly, China, the world’s second largest economy. Globally, the system is extremely unbalanced, with massive wealth accumulating in tiny handfuls whilst the billioned masses must keep borrowing from these billionaires to make ends meet. This top heavy, blind and irrational system cannot stand on its own feet and the nation states are buckling under the weight. The sudden stock market collapse in China has been so vast that even the mighty Chinese government is incapable of controlling it.

The mass deaths of more than a thousand in Karachi and other regions by the sweltering heat wave have once again brought to the fore the catastrophic state of infrastructure which exists in Pakistan. The agonising dearth of electricity supplied to society in a country where the power production capacity is more than the consumption needs is a gruesome tragedy caused mainly by power cuts. It is the work of corporate power barons plundering the people's wealth and not producing electricity in order to enhance their rate of profit. Their callous and brutal character nakedly stands exposed. It is treason against more than 200 million people. The political leaders and the strongmen of this belligerent state are accomplices in this vicious act of devouring human lives for the sake of perks and profits.

In the past few months, the international media has been diligently covering the story of rickety boats full of Rohingya Muslims who are desperately trying to flee sectarian violence and systematic state persecution from Myanmar.

With 78% of the population living below the poverty line, 66% facing food insecurity, almost 100 million without access to safe water and just under 94 million without access to adequate sanitation, for most sensible people, Pakistan’s 2015-16 budget should present a huge problem for leaders of the country.

Thousands of protesters violently clashed with authorities last Saturday in Linshui County, located in eastern Sichuan province. The protesters demanded that a proposed high speed railway pass through Linshui. They were met with batons and rubber bullets, with hundreds reportedly being injured by the police and tactical units. The heavy handed response of the Chinese state to these protests reveals the instability and weakness of the regime.

The Pakistan Trade Union Defence Campaign is fully geared for massive May Day activities in more than 70 cities and towns in Pakistan.

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