Chris Hani.

By Paul Kellogg

October 23, 2010 -- PolEconAnalysis -- In uncertain times, the headline was soothing: "Secretary Geithner vows not to devalue dollar".[1] United States Secretary of the Treasury Timothy Geithner was saying, in other words, that if there were to be "currency wars" -- competitive devaluations by major economies in attempts to gain trade advantage with their rivals -- the United States would not be to blame. Who, then, would be the villain? China, of course.

Earlier this year, Democratic Party congressman Tim Murphy sponsored a bill authorising the United States to impose duties on Chinese imports, made too inexpensive (according to Murphy and most other commentators) by an artificially devalued Chinese currency. "It's time to deliver a strong message to Beijing on behalf of American manufacturing: Congress will do whatever it takes to protect American jobs."[2]

By Dan La Botz

“To hell with your double standards — we’re coming rougher every time!” — Gogol Bordello’s film clip for their defiant immigrant rights song “Immigraniada".

By Stuart Munckton

October 26, 2010 — “My next guests are a gypsy punk rock band that have been called the world’s most visionary band”, US TV show host Jay Leno said when he introduced Gogol Bordello to close the October 13, 2010. Jay Leno Show.

The US-based band, led by a charismatic Roma (or “gypsy”) refugee from the Ukraine, Eugene Hutz, performed “Pala Tute”, the opening track from this year’s Transcontinental Hustle.

If “most visionary” is an exaggeration, Gogol Bordello could at least lay claim to being one of the most interesting and important acts in popular music right now.

Supporters of Ecuador's President Rafael Correa celebrate his return following defeat of the attempted coup.

By Paul Kellogg

Australian Greens MPs and federal Labor Party leaders sign the agreement to back the ALP in government.

By Ben Hillier

October 23, 2010 -- In a recent article (“A Marxist critique of the Australian Greens”, available at marxistleftreview.org) I argue that the Greens cannot be regarded as a left alternative to the Australian Labor Party. My conclusions are based on the following considerations:

1. The Australian Greens is a pro-capitalist party with no organic links to the working class – either ideologically or organisationally.

2. The Greens is an organisation 9000 strong that has several thousand unionists as members. Yet they have no activist base in the union movement. There is no union/workers’ fraction in the organisation; no Greens unionist conference; and it has no rank-and-file groups. The organisation has made no serious attempt to intervene into the workers’ movement at all. It has a number of officers from the union movement as members, but no organised current in the bureaucracy.

High school students join a demonstration against attacks on pensions rights in Paris, October 14, 2010. AP Photo/Francois Mori from Boston.com.

By Chris Latham

October 24, 2010 -- Green Left Weekly -- Since October 12, France has been gripped by intensifying mass opposition by workers and students to proposed counter reforms to the country’s pensions system by the right-wing government of President Nicolas Sarkozy.

Public opposition to the attack has been highlighted by three national strikes each involving millions of people, two national student strikes and a growing wave of indefinite strikes in a range of industries — most notably the crippling shutdown of the oil industry.

Despite the size and intensity of the mobilisations, the Sarkozy government remains defiant, insisting the changes to the pension system are essential to France’s future. The government has threatened to repress attempts to disrupt France’s economic life.

The New Anti-Capitalist Party's Olivier Besancenot.

By Sandra Demarcq

October 23, 2010 -- International Viewpoint -- Since May, the political situation in France has been marked by the mobilisations against changes to the pension law. Days of mobilisation succeed days of mobilisation, the movement against pension "reform" continues to develop and put down roots. It is the confirmation of a profound movement massively rejecting not only [the pension changes] but more broadly French President Nicholas Sarkozy’s anti-social, racist and authoritarian policies as a whole. But also the injustices accumulated and accentuated by the economic crisis, whether among the young or among wage earners.

Mohammad Yunus accepts the 2006 Nobel Peace Prize.

Far from being a panacea for fighting rural poverty, microcredit can impose additional burdens on the rural poor, without markedly improving their socio-economic condition, write Patrick Bond and Khorshed Alam.

October 21, 2010 -- Pambazuka News -- For years, the example of microcredit in Bangladesh has been touted as a model of how the rural poor can lift themselves out of poverty. This widely held perception was boosted in 2006 when Mohammad Yunus and Grameen Bank, the microfinance institution he set up, jointly received the Nobel Peace Prize. In South Asia in particular, and the world in general, microcredit has become a gospel of sorts, with Yunus as its prophet.

Consider this outlandish claim, made by Yunus as he got started in the late 1970s: "Poverty will be eradicated in a generation. Our children will have to go to a `poverty museum' to see what all the fuss was about."