World

Analysis Middle East World

The new Syrian uprising

“These courageous women and men across the country have shown that the regime cannot bomb, starve, torture, gas and rape the Syrian people into submission. Despite everything they have been through, and in the absence of meaningful solidarity with their struggle, the dream of a free Syria is alive.”

Analysis Global Economy World

1.2% of adults have 47.8% of the world’s wealth while 53.2% have just 1.1%

The wealth pyramid shows that 62 million people out of a total of 4.4 billion adults in the world, or just 1.2%, had 47.8% of the world’s wealth while 2.8 billion adults (or 53.2%) had just 1.1% – a staggering level of inequality.  While the top 1.2% had average wealth after debt of well over $1 million each, the bottom 53% had well below $10,000 each, at least 100 times less.

Analysis Europe World

June 25 elections in Greece

The June 25 elections in Greece confirmed, but also reinforced, the harsh negative features of the results of the “first round” of the May 21 election. In the new parliament, the sum of the right and the far-right parties reached 200 seats (out of a total of 300), thus creating a correlation of parliamentary forces that is unprecedented in the years following the overthrow of the military dictatorship in 1974.

Analysis Latin America World

Chile: In free fall. Reformist defeat reloaded.

On May 7, the Chilean right scored a major victory in elections to choose delegates to draft a new constitution for the country. The conservatives, who mostly want to maintain the current constitution drawn up under the Pinochet dictatorship, have more than the 60 percent support in the constitutional council they need to write the new constitution without having to offer any concessions to the left.

Analysis Global Economy World

G7: Where is that recession?

Marxist economic theory suggests that slumps will happen when the profitability of capital starts falling; eventually leading to a fall in total profits in an economy.  Those profits can further be squeezed by increases in the cost of capital i.e. interest costs on borrowing. 

Analysis World

Desperate journeys. Sick system!

There are by now an estimated 100 million people globally who have fled their homelands or become internally displaced by war, political repression or ethnic violence; by environmental destruction or economic collapse; or in many cases, by lethal combinations of these modern plagues.

Analysis Europe World

British doctors stand firm: “This opportunity will not come again”

Not only are the strike days consecutive, but all doctors have been called out, including those who work in emergency care. This puts the BMA at the forefront of the present trade union upsurge, and it is a significant step forward from the union’s last wave of strikes in 2016, which ended with the government unilaterally imposing an unpopular contract on junior doctors.

Analysis Middle East World

Far-right Israeli ministers lead settler march to illegal West Bank outpost

Senior officials in Israeli Prime Minister Benjamin Netanyahu’s far-right Cabinet—including National Security Minister Itamar Ben-Gvir and Finance Minister Bezalel Smotrich—and numerous right-wing lawmakers joined a crowd of as many as 20,000 pro-apartheid demonstrators who marched to Evyatar in a bid to legitimize the outpost, The Times of Israel reports.

Analysis Global Economy World

Banking crisis: Is it all over?

What is certain is that credit terms are tightening, bank lending will drop and companies in the productive sectors will find it increasingly difficult to raise funds to invest and households to buy big ticket items.  That is going to accelerate economies into a slump this year.