crisis of capitalism

Iraq elections in regional Great Game

Iraq's first parliamentary elections since the defeat of ISIS were supposed to herald a return of stability to the country after 15 years of practically incessant war since the US invasion of 2003. But turn-out in the May 12 poll was at a mere 44%—a record low since 2003. And candidates were openly aligned with foreign powers playing for influence in Iraq. Incumbent Prime Minister Haidar al-Abadi's Nasr (Victory) coalition, backed by the US, Saudi Arabia and Turkey, appears to be squeaking past more populist tickets seen to be in the sway of Iran. These include the State of Law coalition of current vice president and former prime minister Nouri al-Maliki, who darkly warned that the results could be "rigged through electronic devices" as the returns started to come in. The ruling Dawa Party split into rival coalitions as Abadi and Maliki fell out, and a special law was passed in parliament allowing one party to run in competing lists. A third list, Fatah—headed by Hadi al-Amiri, leader of the Badr Brigades paramilitary militia—is considered solidly pro-Tehran. But the surprise so far is the strong showing of the Sairoon (Marchers) bloc, led by Shi'iite cleric Moqtada al-Sadr in an unlikely alliance with the Iraqi Communist Party. Independent of outside powers, Sadr played to resentment against the cronyism and corruption endemic to both factions of Dawa.

New oil shock feared in wake of Iran debacle

After all the talk we've heard in recent years about how depressed oil prices are now permanent, in the wake of Trump's announced withdrawal from the Iran nuclear deal Bank of America is predicting that the price of Brent crude could go as high as the once-dreaded $100 per barrel in 2019. The report also cited collapsing production in Venezuela due to the crisis there. Brent prices have risen above $77 per barrel since Trump's announcement. Prices have jumped more than 8% over the past month and 15% since the beginning of the year. According to the analysis, investors fear that renewed sanctions on Iran could lead to supply disruptions. (CNNMoney, May 10) Although the report failed to mention it, the Israeli air-strikes on Iranian targets in Syria have doubtless contributed to the jitters.

Nicaragua: 'peace pilgrimage' after protests

Tens of thousands from across Nicaragua marched on the capital Managua April 28, including large delegations of campesinos from the countryside, in a "pilgrimage for peace" called by Archbishop Leopoldo Brenes following days of angry protests and repression that left some 40 dead. The Catholic Church agreed to mediate a dialogue between the government and opposition over the planned reform of the social security system that set off the protests 10 days earlier. But the "pilgrimage" struck a political tone, with marchers calling for the resignation of President Daniel Ortega. 

Plunging potato prices provoke protests in Peru

Potato farmers across Peru's sierras blocked roads with their tractors and trucks for weeks starting in mid-January, demanding a subsidized distribution system for the staple crop in the face of plummeting prices. The National Commission of Potato Producers (Conapropa) struck a deal with the government Jan. 10, but wildcat protests continued in Huancavelica, Huánuco, Junín, Ayacucho and Arequipa regions. Finally, farmers advanced on Lima in a cross-country motorcade. This forced Conapropa leader Fernando Gutiérrez back to the table, meeting with Agriculture Minister José Arista in early February  to strike a better deal. Huancavelica regional governor Glodoaldo Álvarez denied government claims of over-production by farmers, and pointed to massive imports since the 2009 Free Trade Agreement with the US. Farmers at the roadblocks carried banners with slogans such as "¡Abajo el TLC!" (Down with the FTA!). (Peru21, La República, Feb. 2; TeleSur, Feb. 1; El Comercio, Jan. 12)

Podcast: Xi Jinping's totalitarian capitalism

In Episode Five of the CounterVortex podcast, Bill Weinberg makes the case that despite the official ideology of "socialism with Chinese characteristics" and the revival of rhetoric and imagery from the Mao era, media commentators are off base in their comparison of Xi Jinping and Mao Zedong. The new personalistic dictatorship of Xi is appropriating the outward forms of Maoism, but whereas the Great Helmsman used totalitarian methods to advance socialism (at least in terms of his own intentions) Xi is doing so to further entrench China's savage capitalist system. As a part of the same constitutional changes that have installed Xi as the new "paramount leader," the Chinese Communist Party is imposing further market liberalization and "supply-side" economic reform. The New Cold War between the US and China is simply a rivalry between capitalist powers. But in the global divide-and-conquer game, the leaders of oppressed nationalties within China such as the Tibetans and Uighurs look to the US and the West as allies, while left-populist governments in Latin America such as Venezuela and Bolivia similalry look to China. How can we respond to these developments in a way that builds solidarity between peasants, workers and indigenous peoples across the geopolitical divide? Listen on SoundCloud, and support our podcast via Patreon.

Xi proves: capitalism, totalitarianism no contradiction

To absolutely nobody's surprise, China's National People's Congress overwhelmingly approved numerous amendments to the country's Constitution on March 10, eliminating presidential term limits and strengthening the role of the Communist Party of China—and especially that of President Xi Jinping. The largely symbolic parliament voted 2,958 out of 2,963 in favor of the amendment to Article 79 of the constitution, allowing Xi to remain in power indefinitely. The constitution was also amended to officially recognize the new political philosophy of "Xi Jinping Thought." (Jurist) All these changes were of course already promulgated by the CPC Central Commmittee, and approval by the NPC is a mere formality. Xi is now enshrined as the new "paramount leader"—really, China's first since Deng Xiaoping.

Podcast: The countervortex of global resistance

Journalist Dan Young speaks with CounterVortex editor Bill Weinberg in an interview for Northern California's KNYO. They discuss the prospects for resisting the global vortex of ecological collapse, totalitarianism and permanent war—and supporting indigenous and autonomy struggles, popular democracy, and peace initiatives. Weinberg traces his own political evolution through the Cold War endgame of the Reagan era, the Lower East Side squatter scene, the Zapatista rebellion in Chiapas, 9-11 and the "Global War on Terrorism," to the Arab Revolution, the Syrian war and the current dilemma. The discussion touches on the abysmal politics of the contemporary American left, the urgent need for international solidarity across Great Power "spheres of influence," the contradictions and challenges posed by digital technology, and the possibilities for a decent future for humanity on Planet Earth.

Podcast: Anti-austerity and the utopian moment

Protests against austerity and the lords of capital are erupting simultaneously in Iran, Tunisia, Sudan, Morocco, China, Peru, Honduras, Argentina and Ecuador, recalling the international protest wave of 2011. Such moments open windows of utopian possibility, but those windows inevitably seem to close as protest movements are manipulated by Great Power intrigues or derailed into ethnic or sectarian scapegoating. What can we do to keep the revolutionary flame alive, build solidarity across borders, and resist the exploitation and diversion of protest movements? Bill Weinberg explores this question on Episode 1 of the long-awaited CounterVortex podcast. You can listen on SoundCloud.

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