Argentina has seen weeks of mass protests in response to a rapidly deepening economic crisis. Prices for basic goods are skyrocketing, leaving many struggling to make ends meet. The protest wave began on Argentina's independence day, July 9, when thousands marched on the presidential palace. Dubbed the "Argentinazo," the mobilization was held in Buenos Aires and cities across the country. Last week, center-left President Alberto Fernández named his second new economy minister in less than a month, as his own coalition has fractured over how to handle the burdensome national debt.

China's banking regulator on July 24 announced that it has opened an investigation into officials at its bureau in Henan province, which this month saw protests by depositors unable to withdraw funds. The China Banking & Insurance Regulatory Commission said a local inspector is suspected of "serious disciplinary violations" concerning fraud and embezzlement at five rural lenders. Several members of a "criminal gang" accused of taking control of the banks have been arrested. The situation turned violent on July 10, after some 1,000 depositors protested outside the People's Bank of China branch in Zhengzhou, demanding access to their savings in frozen accounts. The protesters were assaulted by a group of unidentified men in matching white outfits, as police held back and did not intervene. Video of the incident went viral on social media.

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.

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)

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.

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)

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.   

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.