crisis of capitalism

Fascist pseudo-anti-fascism in Sri Lanka

Sri Lanka's newly appointed acting president Ranil Wickremesinghe unleashed police and army troops against remnant protesters at an encampment site in the capital, Colombo, in the early hours of July 22. More than 50 were injured in the raid and some 10 arrested. Military personnel also reportedly detained a small group of protesters for several hours and severely beat them before they were released. Just hours before the raid, protest leaders had announced that they would disband the encampment the following day, in response to a court order. The site had been occupied by protesters since March, when an uprising began in response to near-total economic collapse in the country.

Ghana to Peru: more ripples from Ukraine storm

Governments around the world are scrambling to shore up economies hard hit by rising oil and wheat prices as a resut of the Ukraine war. Ghana has opened talks with the International Monetary Fund (IMF) for emergency relief after angry protesters flooded the streets of the capital Accra last week. Clashes with police left several wounded and some 30 arrested on June 29. Protests were called under the slogan "Arise Ghana" to pressure President Nana Akufo-Ad to address a dramatic spike in the cost of food and fuel. (Reuters, Al Jazeera, AfricaNews)

Podcast: Ukraine between East and West II

In Episode 129 of the CounterVortex podcast, Bill Weinberg discusses the book Ukraine & the Empire of Capital: From Marketisation to Armed Conflict by Yuliya Yurchenko of the Ukrainian left-opposition group Sotsialniy Rukh (Social Movement). In the book, written in 2018, Yurchenko takes a rigorous neither/nor position between Russia and the West, tracing the roots of the current crisis to the rise of regional oligarchs and a "criminal-political nexus" in the post-communist transition a generation ago. The West, in its rush to effect a crash capitalist conversion in the East, was deeply complicit in this. But these regional fiefdoms were later exploited by Vladimir Putin to effect a division of Ukraine as East-West rivalry re-emerged. This January, as Putin amassed forces on Ukraine's borders, Sotsialniy Rukh issued a statement appealing for "anti-war solidarity." In interviews since the invasion was launched the next month, Yurchenko has been unequivocal in supporting the Ukrainian "popular resistance." Similar statements from socialists and anarchists in Ukraine, Belarus and elsewhere in Eastern Europe have called, first and foremost, for the defeat of Putin's neo-imperial project. Listen on SoundCloud or via Patreon.

Oil spike sparks national uprising in Ecuador

Ecuador's national indigenous alliance CONAIE announced an "indefinite" paro (general strike) June 13, in response to a sudden jump in petrol prices. Things escalated the following day, when prominent CONAIE leader Leonidas Iza was arrested at Pastocalle, Cotopaxi province, where he was apparently participating in a blockade of the Panamerican highway. He was held at a military base at Latacunga, but released the next day following angry protests over his detention and a CONAIE call for "radicalization" of the campaign. Roadblocks are reported in at least 14 of the country's 24 provinces, including Pichincha, where the capital Quito is located. CONAIE has presented the government of President Guillermo Lasso with a list of 10 demands. These include, in addition to a drop in fuel prices, a moratorium on new oil and mineral leases, and reparations to communities impacted by extractive projects. (Al Jazeera, Al Jazeera, EFE, El Comercio, Quito; El Universo, Guayaquil)

Hungary dictatorship consolidates; Putin pleased

Hungarian Prime Minister Viktor Órban on May 24 declared a state of emergency, citing threats originating from the war in Ukraine. The declaration, allowing him to rule by decree, came days after his Fidesz party used its supermajority in parliament to pass a constitutional amendment allowing the government to impose a state of emergency in the event of a war in a neighboring country. Órban declared a similar emergency in response to the COVID-19 pandemic in 2020, and those assumed special powers, having been extended by the National Assembly multiple times, were set to expire just days before the new declaration.   

Iran: protest, repression as food prices soar

Angry protests have swept through several provinces of Iran over the past two weeks amid an economic crisis exacerbated by subsidy cuts that have seen the price of basic goods soar as much as 300%. According to reports on social media, at least six people have been killed as security forces have been deployed across the country to quell unrest. The protests have turned political in many areas, such as the Isfahan provincial capital of Golpayegan, with crowds calling for an end to the Islamic Republic. The government has cut off the internet to a number of areas hit by protests, including traditionally restive Khuzestan province.

Protests over fuel price hikes shake Mauritius

The African island nation of Mauritius exploded into angry protests April 22, with residents of poor Kreol communities erecting roadblocks and fighting the police. The island had seen days of peaceful demonstrations over a sudden and drastic increase of petrol and gas prices, centered on the town of Camp-Levieux. Things turned violent after the arrest of "Darren," a young protest leader, on charges of "participation in illegal demonstrations." The police headquarters where he was being held was besieged, and protests spread quickly to other towns across the island. Police deployed anti-riot units and armored vehicles against youth hurling stones and Molotov cocktails. Things calmed the following day when Darren was released on bail. But it remains to be seen if the increasingly debt-burdened government can strike a deal with the newly mobilized popular movement. (Jurist)

Middle East: 'peak wheat' fears amid deep drought

Facing long lines and bread shortages, Lebanon's government has been forced to give private importers $15 million to bring more wheat into the country. But it's a short-term fix for a government that is broke and waiting for the IMF to approve a bailout deal. And nations across the Middle East may be looking for similar solutions as they struggle with the fallout from Russia's invasion of Ukraine—both countries are key wheat producers, and exports are effectively cut off by the war. Oxfam is warning that wheat reserves could run out within weeks in the Occupied Palestinian Territories. Mercy Corps reports that food prices are up in rebel-held northwest Syria, where food security was already a major concern. Last month Egypt put a cap on unsubsidized bread prices before they could get too high. Yemen, which imports the vast majority of its food, is of particular concern as it already has so many hungry people and is heavily dependent on Ukrainian wheat. Last week, UNICEF said that "the number of malnourished children [in the region] is likely to drastically increase."

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