It’s still a bear market

by Michael RobertsJust before Easter, the US stock market hit an all-time record high.   The world index remains below its 2000 and 2007 peaks. Is this a signal that the US economy at least is now in full recovery and heading for better times, with the rest of the capitalist world not far behind? Well, stock markets are not good guides of  the short to medium term future, especially right now.  The price of shares tends...

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Guantanamo Hunger Strikers Being Force Fed

You think this might generate hatred for the US?Unbeknownst to most Americans many inmates in the concentration camp at Guantanamo Bay Cuba are on hunger strike and have been since early February.  The list is growing and 11 of the 31 are being force fed.From RT“As you know half of the men at Guantanamo have been cleared for release, yet they are still there, locked up, stuck in this limbo, desperate. And I was going to ask, when they will let...

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Ireland: Working class history, Derry uprising 1969

Here is another part of the interview with John Throne that took place some 5 years ago. John is an author on this blog and was a participant in the Derry uprising. The first part is here...

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South Africa -- Marikana, New Wave of Struggles -- An Interview With Mazibuko Jara of the Democratic Left Front

Mazibuko Jara!-- /* Font Definitions */ @font-face {font-family:Arial; panose-1:2 11 6 4 2 2 2 2 2 4; mso-font-charset:0; mso-generic-font-family:auto; mso-font-pitch:variable; mso-font-signature:3 0 0 0 1 0;} @font-face {font-family:Cambria; panose-1:2 4 5 3 5 4 6 3 2 4; mso-font-charset:0; mso-generic-font-family:auto; mso-font-pitch:variable; mso-font-signature:3 0 0 0 1 0;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal...

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Profitability, the euro crisis and Icelandic myths

by Michael RobertsAs I have said in a previous post (see http://thenextrecession.wordpress.com/2013/03/16/workers-punks-and-the-euro-crisis/), Slovenia is likely to be the next Eurozone state that will require a bailout after Cyprus.  Slovenia’s banks need €1bn for recapitalisation after taking heavy losses on the commercial property development bust and on falling government debt prices (Italy?).  And the new centre-left coalition...

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The 1% fleeing to tax havens with our money

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The IDF: The "Most Moral Army in the World".

So what does the “most moral army in the world” have to hide? Well for one thing, all this footage is used to build legal cases against the IDF, which systematically abuses the use of “closed military zone” orders in these parts, kicking out Palestinians from their agricultural lands along with Israeli activists, instead of dealing with the belligerent settlers who are the ones initiating the confrontations. But also, because occupation is very ugly, so who would want it getting out? From +972 at http://972mag.c...

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Working class history: The Derry Uprising 1969

We are sharing with our readers a bit of Irish working class history. It's an interview with John Throne also known as Sean O' Torrain, about the Derry uprising of 1969 of which he was a part. John is one of the three regular authors and founders of this blog. He is also the author of The Donegal Woman which you can see in the book page above and is presently writing his second book about his life as well as his contribution's here. Two more short interviews will follow....

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Marx's ideas will not die

We felt that this article would be of some  interest.  The global capitalist crisis has intensified class conflict and things are not going to improve.  The US capitalist class is determined to put its workers on rations and at some point what has occurred throughout the Arab world and parts of Europe, not to mention in Asia as workers have fought for better conditions, will occur in the US.  The heads of organized Labor in the...

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Zainab Al-Khawaja:Letter From A Bahraini Prison

We have blogged extensively about the brutal Bahraini regime and its US backers.  Politics does not make such strange bedfellows as the US, the so-called great democracy, is supporting an absolute monarchy against those fighting for democratic reforms and a republic.  The realpolitik is the struggle for US imperialism to maintain dominance in the region through its numerous stooges, all hated by the the majority of their populations and...

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European Union: Cyprus: sold!

by Michael RobertsThe pressure on Cypriot leaders finally worked.  Cyprus’ parliament had thrown out the plan to levy the bank deposits of ordinary Cypriot citizens  – a plan drummed up by Cyprus right-wing president Nicos Anastasiades and the EU leaders.  The Cypriot leaders then appealed to its Russian ‘benefactors’ (the main foreign bank deposit holders) to give them a new loan to bail them out.  But Anastasiades’ Russian...

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South Africa: Cape Town Farmworkers' march

From Martin Legassick in South Africa.Farmworkers from around the Western Cape rallied and marched in Cape Town on 23 March, the Saturday after Human Rights Day, to demand R150 a day, decent conditions, land and dignity for farmworkers. Farmworker speakers said if farmers were not prepared to give them decent conditions of work and life they will take over the farms themselves. The march was organized by a Coalition of farmworker unions and NGOs including DLF affiliates Commercial, Stevedoring, Agricultural and Allied Workers Union (CSAAWU),...

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Zionists arresting Palestinian children

It was nauseating to see Obama in Israel this week, hugging Netenyahu and talking about how "complex" Israeli politics is when referring to the settling of right wing religious fanatics on Palestinian land.Hajo Meyer, a survivor of the Nazi death camps is a hero, as is Norman Finkelstein for criticizing the racist Zionist regime: Meyer said Zionism is in “stark contrast with Judaic ethics; it’s racist and separatist.  Meyer, ...."[C]laimed Zionists have one goal: to garner the maximum Palestinian region, but with the minimum number of Palestinians...

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Politicians bought and paid for. Make them wear their bribers logos.

Follow: White House, Campaign Finance, Congress, Video, We The People, Congress Lobbying, Corporate Donations, Corporate Donations Congress, We The People Petitions, White House Petitions, White House We The People, Politics News#news_entries #ad_sharebox_260x60 img {padding:0px;margin:0px} From the depths of the White House's "We the People" petition website comes this cause created on Tuesday, hoping to force congressional lawmakers to prominently display their financial backers and monetary support from various lobbies.Since most...

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