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November 1 article " European financial system: next crash just around the corner?"
December 2, 2016 — Links International Journal of Socialist Renewal — Thanks to Jurriaan Bendien for his comment, and my apologies for not finishing this reply earlier. A lot has been happening in the Spanish state that needs covering and it also took me quite a bit of research to work out what I make of the issues Jurriaan raised.
To begin, I agree that it was misleading to write that “the chief pressure squeezing bank profitability has come directly from the real economic conditions, from the subdued demand for loans” (emphasis added here). Real economic forces such as the level of consumer demand don’t operate directly on the banking sector as they do on firms producing commodities for sale on the market, but indirectly, mainly through changes in interest rates.
However, I still hold to the point I was trying to make with that wrongly worded sentence. That is, of the forces shaping bank profitability it is the subdued demand for credit that is most driving actual levels of lending to business and, as a consequence, also compressing banking sector profitability in Europe.
By Dick Nichols
November 30, 2016 — Links International Journal of Socialist Renewal — “The mother of all wars”: that’s how, in the September issue of the left magazine Critica Marxista, constitutional law professor Claudio De Fiores described the campaign around Italy’s referendum on amending the country’s 1948 constitution.
It was no exaggeration.
November 30, 2016 — Links International Journal of Socialist Renewal — The following statement was adopted at the "Internationalist Summit for a Plan B in Europe" organised by The Red-Green Alliance (Denmark), Left Party (Sweden) and the European United Left - Nordic Green Left (GUE-NGL) European Parliamentary Group in Copenhagen, November 19-20. A video of the conference is available here. For more information on the conference visit here.
By Dick Nichols
November 1, 2016 — Links International Journal of Socialist Renewal — The trials of major European banks, starting with “venerable institutions” like the Monte dei Paschi di Siena (the world’s oldest bank) and Deutsche Bank (Germany’s largest), have raised the spectre of another 2008 — a “Lehman Brothers times five” in the words of one finance market analyst.
By Victor Grossman
September 15, 2016 — Links International Journal of Socialist Renewal reposted from The Left Berlin — Old German Chancellor Otto von Bismarck once said – or so goes the legend: “If the world ever perishes I’d want to be in Mecklenburg where everything happens fifty years late.” The alarm bells are now loudly ringing, warning that this once feudally most backward part of Germany between Berlin and the Baltic Sea may prove something like the opposite!
The elections on Sunday (Sept. 4) were an unmitigated disaster! The Alternative für Deutschland (AfD), running for the first time, rang up an amazing 21.9 % of the vote, putting it in second place behind the Social Democrats and beating out Angela Merkel in her own home state!
By Angela Klein
September 1, 2016 — Links International Journal of Socialist Renewal reposted from International Viewpoint — Within a year two populations of Europe – one in the south, the other in the north – have voted against the EU and its policy. They did this out of entirely different motives and with different aims. Whereas on 5 July 2015 the Greek OXI was directed against the austerity dictates of the Troika and the degradation of Greece to the state of a semi-colonial country, the British Brexit above all was characterized by the fear of “foreigners” and the desire to escape from the freedom of movement in the EU. But at the same time the Brexit expressed the desire to settle accounts with the ruling political elites. Whereas the left was the driving force of the Greek NO, the British NO was captured by the right.
[Original in English here]
Por Dick Nichols
August 18, 2016 — Traducido por Enrique García para Sin Permiso — Es difícil imaginar un contraste más fuerte que entre la 10ª Convención Nacional del Bloque de Izquierda portugués, que se celebró en Lisboa del 24 al 26 de junio, y su predecesora, que tuvo lugar en la misma ciudad hace 18 meses.
By Dick Nichols
August 2, 2016 — Links International Journal of Socialist Renewal a much shorter version of this article first appeared in Green Left Weekly — It is hard to imagine a sharper contrast than that between the 10th National Convention of Portugal's Left Bloc, held in Lisbon from June 24 to 26, and its predecessor, held in the same city 18 months ago.
Interview with Marcelina Zawisza and Maciej Konieczny by Lorenzo Marsili for MicroMega
July 30, 2016 — Links International Journal of Socialist Renewal translation by Revolting Europe— In ultra conservative Poland something is happening on the Left, with the birth of Razëm – which means Together – a new party that with over 4 percent of the vote has gained full rights of participation in the political and national media debate. Born from the social movements, inspired by the Spanish Podemos and, at least for now, has decided to break with the traditional parties of the twentieth century. Here’s their story.
By Farooq Tariq
July 9, 2016 -- Links International Journal of Socialist Renewal reposted from Europe Solidaire Sans Frontières -- Religious terrorism has become one of the major challenges for most of the countries in Asia, particularly in South and West Asia. It has resulted in a seemingly nonstop bombings, suicidal attacks and other means of terrorism.
June 29 -- Links International Journal of Socialist Renewal -- In the aftermath of the recent UK referendum vote to leave the European Union, the British left continues to debate the meaning and significance of the vote. As part of Links' ongoing coverage of the debate we are republishing articles by Charlie Hore, from Revolutionary Socialism in the 21st Century, and Andrew Flood, from Workers Solidarity Movement.
June 26, 2016 — Links International Journal of Socialist Renewal — In the aftermath of the Brexit referendum which ended with a vote in favor of the UK leaving the European Union, Links has republished a variety of statements reflecting the views of key left forces in England, Scotland and Ireland.
By Tony Norfield
June 26, 2016 — Links International Journal of Socialist Renewal originally posted on Economics of Imperialism blog on June 16 — What explains the desperation of British capitalism and Conservative Party in the lead up to the Brexit referendum on 23 June?
By Dick Nichols
June 14, 2016 — Links International Journal of Socialist Renewal a much shorter version of this article was first published at Green Left Weekly — United We Can — the joint ticket made up of Podemos, the United Left (IU), the green party Equo and three broader alliances in Catalonia (Together We Can), Galicia (In Tide) and the Valencian Country (A la Valenciana) — is campaigning in the June 26 Spanish general election on a plan to reverse economic austerity.
By Declan Kearney
June 9, 2016 -- Links International Journal of Socialist Renewal reposted from Anphoblacht -- On BBC’s Question Time with David Dimbleby, I asked British Secretary of State Theresa Villiers directly whether she believed a Brexit was in the interests of people in the North – she didn't answer the question.
I then asked her whether the British Government, in the event of a Brexit, would replace the European funding which would be lost to the North of Ireland as a consequence of withdrawal from the EU – she didn't answer that question either.
The fact is that a Brexit is opposite to the interests of people in the Six Counties.
June 9, 2016 -- Links International Journal of Socialist Renewal -- With the referendum on whether Britain should stay or leave the EU fast approaching, the debate over what position the left should take continues. Links is reposting a vidoe debate between Marina Prentoulis (Syriza UK) and Luke Cooper (Another Europe is Possible) (for in), and Hannah Sell (deputy general secretary, Socialist Party) and Michael Calderbank (Red Pepper) (for out), in a special episode of The Wedge, produced in collaboration with and published on Red Pepper.
Below we also have an article by Terry Conway from Socialist Resistance outlining the different positions on the left, and an editorial from Morning Star on what the EU represents.
Local politics enters the global contest against the Transatlantic Trade and Investment Partnership (TTIP)
By Sol Trumbo Vila
May 27, 2016 -- Links International Journal of Socialist Renewal reposted from Transnational Institute -- Opponents of the Transatlantic Trade and Investment Partnership (TTIP) see their chances of victory increasing. Local authorities are now also increasingly taking a strong position against supranational structures that negotiate opaque trade deals.
By John Weeks, Eric Toussaint, Stavros Tombazos, Pritam Singh, Benjamin Selwyn, Alfredo Saad Filho, Patrick Saurin, Sabri Öncü, Susan Pashkoff, Ozlem Onaran, Thomas Marois, Philippe Marlière, Francisco Louça, Stathis Kouvelakis, Andy Kilmister, Michel Husson, Michael Hudson, David Harvey, Pete Green, Giorgos Galanis, Alan Freeman, Gilbert Achar, Costas Lapavitsas
March 10, 2016 -- Links International Journal of Socialist Renewal -- Intervention by Jean-Luc Mélenchon, candidate for the Left Front in the 2012 French presidential elections, in the Internationalist Summit for a Plan B, held in Paris on January 23-24. Mélenchon has recently formed the “France in Revolt” (France Insoumise) movement, for which he aims to be candidate in the 2017 presidential elections.