Americas

Mauricio Macri has been defeated at the ballot box. Undoubtedly, these elections have demonstrated the willingness of the workers, students and youth to put an end to Argentina’s structural adjustment policies.

The Bolivian general election, on 20 October, produced a victory for Evo Morales of the ruling MAS party, but on a much-reduced majority, revealing how the class collaborationist policies of his government have alienated sections of its traditional base of support. The fact that Evo avoided a second round by the smallest of margins was used by the right wing to claim fraud and start a campaign of mobilisations on the streets. While there are different elements involved in the protests, in the last few days the initiative has passed to the camp of the “civic movement”, organised by the most reactionary elements of Bolivia’s capitalist oligarchy, based in Santa Cruz. The Bolivian comrades

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In August, the expected yield for ten-year Treasury notes fell below the yield for two-year notes for the first time since 2007, with the 30-year bond yield also reaching a new low. The “yield curve” tracks the yield to investors who purchase shares in government debt to be paid back over various time horizons. The national debt accrues as the US Treasury sells Treasury securities in exchange for cash used to finance the government.

The elections last Sunday were to elect the president but, due to the conditions under which the whole process has been carried out, they were also a repeat of the 21 February 2016 constitutional referendum.

More than a million people demonstrated in Santiago de Chile on Friday 25 October, in what was called #LaMarchaMásGrandedeChile (Chile's largest march) – and certainly, it was, being larger than the NO campaign closing rally in 1988 that brought together a million people. The mobilisation on Friday was repeated in cities and communes throughout the country and took place one week after the

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After a miserable Canadian election campaign, everyone can be seen as losers. The Liberals now have a tarnished image and hold the record of forming a minority government with the weakest mandate ever. Despite Liberal weakness, Conservative austerity policies were unpopular and did not allow them to make the gains they expected. The New Democratic Party lost almost half its seats and the Greens failed to make a breakthrough. The only party that can be happy is the nationalist Bloc Quebecois. But above all it is the working class that has lost in this election. There is no enthusiasm for any of the political options currently facing Canadians.

The following is a translation of an article we received about the current insurrectional movement in Chile, which began with youth-led protests against a hike in public transport fares. From a widespread campaign of fare dodging, a mass movement has developed against the government, which was responded with brutal repression. 

Opportunism and sectarianism are two sides of the same coin. Both must be combated if the program of revolutionary Marxism is to become a mass force by connecting with the aspirations and movement of the working class, as Socialist Revolution (the IMT in the USA) explains.

After twelve days of heroic struggle by the indigenous working-class masses of Ecuador, the first victory of the movement was achieved. At a negotiation between the indigenous representatives, the UN in Ecuador, the Ecuadorian Episcopal Conference and government representatives, it was agreed to repeal Decree 883 (the IMF funded austerity package). The government has now promised to draw up a new decree, however it was not clarified what terms it would include. A commission has been set up to discuss the new decree this week.

Last week, the comrades of the US section of the IMT unveiled a new version of socialistrevolution.org. After 16 years of producing Socialist Appeal, we launched Socialist Revolution in 2017, a better name for the struggles of the post-2017 election era. Our new site was also a big step forward toward raising the IMT's profile and visibility. Since then, we have kept working on improvements to continue to enhance the user experience, especially on mobile devices.

What began as a protest against the IMF package imposed by President Lenin Moreno has become a national insurrection that poses the question of who rules the country. The enormous mass mobilisation has forced the government to flee the capital Quito and close the national assembly. It has also begun to open cracks within the armed forces. To move forward, the movement must raise the issue of power.

“Treason!” “Sedition!” “Spies!” “Bullshit!” “Fraud!” and “Civil war!” Such was the response of the presidential “stable genius” to the ongoing drama unfolding on Capitol Hill concerning impeachment proceedings against him. Trump’s hubris appears to have caught up with him at last as a sprawling investigation spills messily into the headlines. The American president is a wretched reactionary—to put it mildly—and billions worldwide are understandably delighted to see him get some form of comeuppance. But what’s behind the smoke and mirrors? Whose interests are served by this charade?

The announcement by the government of Lenín Moreno of a US$2.2bn package of economic counter-reforms on 1 October has led to mass demonstrations and strikes. The government, which fears losing control of the situation, has responded with brutal police repression and yesterday, 3 October, declared a state of emergency for 60 days.