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.
The Progressive Youth Alliance (PYA) is holding its founding convention on Saturday, December 5th in Lahore. This will be an immense step forward towards the revival of left student politics, which has been in steep decline for almost three decades now. It is worth mentioning that students unions are banned in the country since 1983 and no “democratic” regime has reversed this brutal relic of Zia’s draconian regime.
The “Great Recession” may have “technically” ended in June 2009, but what really matters are full employment and a steadily increasing quality of life. Capitalism’s inability to provide this is not due to individual malice or indifference— though there are plenty of sociopaths on Wall Street—but because under capitalism, creating jobs and paying workers are mere afterthoughts to the real reason for the system’s existence: profits. This is the inner contradiction and absurdity of a socio-economic form that can exist only through the exploitation of workers, and yet is unable exploit all the able, willing, and available workers, millions of whom must humiliate themselves every day, offering themselves up for jobs (exploitation) that don’t exist.
On November 15, Jamar Clark, a 24-year-old black man, was handcuffed by police and murdered execution-style. There must be justice! There has been no justice for Trayvon Martin, Eric Garner, Tamir Rice, or Mike Brown. Terrance Franklin didn’t get justice when he was murdered in 2013 in the same neighborhood as Jamar Clark. How can we expect any justice from a system that systematically excludes and terrorizes whole layers of the population?
This morning the Turkish military shot down a Russian military aircraft on the border with Syria. It is unclear so far whether it was ground fire or Turkish jets that brought down the Russian plane. But that is a mere detail. What is quite clear is that this was a blatant provocation by the Turkish ruling clique.
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