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PROFIT HOTEL
 (dirty gossip about the capitalist mode of production!)

April 24, 2013
By ROEL

The dismal art? After the socialist revolution, will economics be demoted to an art form? Is economics even “soft science”? There is one small problem … A recent article in Science News notes: Annual forecasts of currency values from December 2001 to December 2010, which guided banks’ investment decisions, missed the mark nine out of 10 times, says psychologist Gerd Gigerenzer of the Max Planck Institute for Human Development in Berlin. Banks incorrectly foretold the fates of the dollar and the euro in the years leading up to, during and after the recent financial crisis. [Bruce Bower, “Banks confuse...

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North Korea: Is the Crisis Real?

April 13, 2013
By Stefan

It is hard to tell what is real in the ongoing Korean ‘crisis’ and what is contrived. Up to a point – after all, it is in no one’s interest to frighten the markets too badly – it suits both sides to foster a sense of crisis. For Kim Jong-un and his generals a crisis atmosphere is a way to exert pressure for full admission to the nuclear club. For the American rulers and their allies it is also a way to exert pressure – and push North Korea firmly out of the club. Of course, a good external...

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World Socialism in Ireland: an interview

March 17, 2013
By FN Brill

Below is an interview with a comrade of ours who explains his progression from being a member of the IRA, through Trotskyism to a World Socialist position. Discussion between Richard (Dick) Montague and Ciaran Crossey Belfast, 21 November 1987 CC I was given your name as a socialist activist in the ’40s by Vincent McDowell. What I’m trying to uncover is information about the minor socialist groupings in Ireland during the ’30s and ’50s. RM Vincent McDowell had been interned in Belfast during WWII. He came out wiser but he was not prepared to publicly say so. He broke...

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Venezuela: Hugo Chavez and ’21st century socialism’

March 14, 2013
By Stefan
Chavez official portrait

The formula ‘socialism of the 21st century’ encapsulates the hopes that many leftists throughout the world placed in President Hugo Chavez of Venezuela and his so-called ‘Bolivarian Revolution’ or ‘Bolivarian Process’. (‘Bolivarian’ refers to Simon Bolivar, commander of the army that defeated the Spaniards in 1821 and won independence for Venezuela and other Spanish colonies in the northwestern part of South America.) The term ‘21st century socialism’ was coined by Mexican sociologist Heinz Dieterich Steffan, who served as an adviser to Chavez for several years but fell out with him in 2011. It conveys the idea that Venezuela is...

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War By Proxy

March 12, 2013
By SPGB
© freedomhouse2 flickr

It is now 2 years since Syrians began to demand change and foreign governments are exploiting the chaos of Syria’s populist uprising to gain influence in the region. And Syrians—70,000 of whom have been killed in the conflict and almost a million have been displaced —are paying the price. Save the Children says more than two million children are facing disease, malnutrition and severe trauma. Both Britain and France are providing military aid to the Free Syrian Army and are pressing for the EU to permit them to supply weapons. Saudi Arabia support efforts to turn the Syrian conflict...

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Land Grabbing in Ethiopia

March 3, 2013
By SPGB
cc from "beautiful ethiopia" flickr. some rights reserved.

Despite the defence of land-grab by the Ethiopian embassy in a recent issue of the Indian newspaper, The Hindu, the  prime focus of the policy of the government of Ethiopia is NOT ensuring food security of its citizens but faciliating the export of food to accrue profit. Nor is the land being leased unused and mostly inaccessible. Nor is the re-location of people peaceful. Over 80% of the 85 million population of Ethiopia live in rural areas, in settlements and villages, and work in agriculture. Many are small-scale farmers who, according to government figures, farm “eight percent (about 10,000,000 hectares)...

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The Greater(er) Emancipator — Frederick Douglass

March 2, 2013
By MS
Frederick Douglass

How can you make a film about Abraham Lincoln and the abolition of slavery and leave out Frederick Douglass? Steven Spielberg found a way, apparently, in his recent film Lincoln. The film’s screenwriter, Tony Kushner, reportedly said that he had to leave out “dramatic scenes with Frederick Douglass” as a “tradeoff” for focusing the plot on Lincoln’s 1865 effort to round up enough lame-duck Democrats in the House of Representatives to pass the Thirteenth Amendment (abolishing slavery). Kushner recalled that when Spielberg suggested limiting the film to this topic, both laughed at what seemed “an insane idea” because the...

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The Second Nuclear Age

January 4, 2013
By Stefan
broken-missile

Five years ago, we reminded readers of this column that ‘nuclear weapons are still there’ (Socialist Standard, February 2008). True, many fewer of them than at the height of the Cold War. But more than enough to turn the surface of our planet into a radioactive wasteland and still have plenty left over. In a recent book entitled The Second Nuclear Age (Henry Holt & Co., 2012), the prominent American nuclear strategist Paul Bracken argues that nuclear weapons are now regaining their relevance to statecraft. They are making a comeback. The risk of nuclear war is significantly higher now...

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Anti-Nuclear Movement Unclear on Capitalism

January 4, 2013
By MS
nuclearno

As a Tokyo resident, I had a first-hand view of the anti-nuclear movement taking shape after the Fukushima nuclear disaster of March 2011. I work in the district where most of government ministries are located, not far from the Diet building and the headquarters of Tokyo Electric Power Company (TEPCO), so I’ve encountered all sorts of protests, large and small. The protests were a welcome sight to me not just because they expressed the anger felt toward that rotten outfit, TEPCO, and the elite bureaucrats who have done its bidding; but also because Japan has been sunk in a...

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Reflections on Hurricane Sandy

November 11, 2012
By Stefan

It’s now a week since Hurricane Sandy hit large coastal areas of the northeastern United States. At least a million homes were still without heat and power when a snowstorm followed a few days later. Relief has yet to reach some of the areas affected, such as the Far Rockaways, where survivors are fending for themselves as best they can. Workers held captive True, some manage to fend much better than others. Holed up for the duration in a first-class hotel on the island of Manhattan, the business and cultural centre of New York City, David Rohde in The...

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