By Silla Sigurgeirsdóttir and Robert H. Wade

King Mswati III: sitting pretty after ANC "bail out".

August 5, 2011 -- South Africa's African National Congress government has defied supporters of democracy in Swaziland and granted the repressive absolute monarchy a five-year, R2.4 billion loan. The bailout, which was announceded by King Mswati III on August 3, has been condemned by the Swazi democracy movement and its supporters in South Africa. While its conditions do not require democratic reforms, the Swazi people will be subject to harsh austerity in order for the regime to repay the loan.

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August 4, 2011 -- The Swaziland Solidarity Network (SSN) is calling upon the South African government to stop dilly dallying at a time when it has a genuine opportunity to exert pressure on Swazi authorities to stop human rights abuses and end the Tinkhundla dictatorship.

By Jeremy Cronin

July 31, 2011 -- Amandla! -- Mikhail Gorbachev, who presided over the liquidation of his own communist party, is not generally well regarded in communist circles. There is, however, at least one pertinent observation in his book, Perestroika. There he writes that he realised there was need for change in the former Soviet Union when the program of the party was increasingly determined by the march of the calendar, by a ritualistic commemoration of historical dates.

This weekend [July 31] the South African Communist Party (SACP) marks its 90th anniversary. But it would be a mistake for us to celebrate the occasion as mere ritual.

As a young operative I was proud of being recruited into a party that, from its outset in the early 1920s, had pioneered non-racialism -- not just in principle, but shoulder to shoulder in active struggle. It was the party that started night schools and literacy classes [for blacks].

PSM deputy president M. Sarasvathy celebrates her release. Photo by Alex Cheong.

By the Socialist Party of Malaysia

August 2, 2011 -- Parti Sosialis Malaysia -- The release of six Parti Sosialis Malaysia (PSM, Socialist Party of Malaysia) detainees five days ago does not signal the return of sanity and goodwill to the government. It was a calculated move to minimise the damage done to the country’s image at home and abroad.

"More than once, I have stated that our own worst enemy is not imperialism but our own errors and that these, if they are deeply and honestly analysed, can be transformed into lessons in order not to fall into them again." -- Raúl Castro

[For more analysis and discussion on the economic changes in Cuba, and assessments of the sixth congress of the Communist Party of Cuba, click HERE.]

By President Raúl Castro

Speech given by President Raúl Castro Ruz, president of the Councils of State and Ministers, to the 7th ordinary session of the 7th legislature of the National Assembly of People’s Power, August 1, 2011. The parliament earlier that day also adopted the amended Guidelines of the Economic and Social Policy of the Party and the Revolution as state policy.

Compañeras and compañeros:

By Martin Hart-Landsberg

August 2, 2011 -- Reports from the Economic Front, posted at Links International Journal of Socialist Renewal with Martin Hart-Landsberg's permission -- The US Congress has finally agreed on a deficit reduction plan that President Barack Obama supports.As a result, the debt ceiling is being lifted, which means that the Treasury can once again borrow to meet its financial obligations.

Avoiding a debt default is a good thing.However, the agreement is bad and even more importantly the debate itself has reinforced understandings of the US economy that are destructive of majority interests.

The decrepit 40-year-old tanker, MT Phoenix, lost its anchor mooring on July 26, 2011, and was pushed to the rocky shoreline in Christmas Bay, 25 kilometres north of Durban.

By Patrick Bond, Durban

August 2, 2011 -- Links International Journal of Socialist Renewal -- There's no way around it: to solve the worsening climate crisis requires we must accept both that the vast majority of fossil fuels must now be left underground, and that through democratic planning, we must collectively reboot our energy, transport, agricultural, production, consumption and disposal systems so that by 2050 we experience good living with less than a quarter of our current levels of greenhouse gas emissions.

That's what science tells our species, and here in South Africa a punctuation mark was just provided by a near-disaster in Durban -- host of the world climate summit, four months from now -- during intense storms with six-metre waves last week. A decrepit 40-year-old tanker, MT Phoenix, lost its anchor mooring on July 26 and was pushed to the rocky shoreline in Christmas Bay, 25 kilometres north of the city.

August 1, 2011 -- Monthly Review Press has kindly given permission to Links International Journal of Socialist Renewal to publish "The growth imperative of capitalism", an exclusive excerpt from Fred Magdoff and John Bellamy Foster's just released What every environmentalist needs to know about capitalism. You can download the excerpt HERE (PDF), or read it on screen below.

John Bellamy Foster will be a featured international guest at the second World at a Crossroads: Climate Change – Social Change Conference, Friday, September 30 – Monday, October 3, 2011, Melbourne University.

Source:  “Graphic: Who pays the taxes?" What Went Wrong: The Betrayal of the American Dream. February 7, 2011.

By Paul Kellogg

July 27, 2011 -- PolEconAnalysis, posted at Links International Journal of Socialist Renewal with the author's permission -- As July came to an end, the United States central government had come up against its congressionally mandated debt ceiling. Without an agreement to raise that debt ceiling – last set at US$14.3 trillion – the US central government will be unable to borrow money to pay its bills. The consequences could be extremely serious – soaring interest rates, a collapse of the US dollar, not to speak of social security stipends, pensions and salaries going unpaid.

By Mark Harris

July 23, 2011 -- Resistance.org.au -- There is no denying it, depression is on the rise across the world. The World Health Organization says depression will be the second largest contributor to the global burden of disease by 2020. For young people this is already the case. Depression leads to about 850,000 deaths every year.

But why is depression on the rise? In some instances it is a product of more readily available methods of diagnosis and public understanding of the disorder. But increases in suicide rates and other indicators suggest that the increase in depression is well beyond this statistical readjustment.

Depression is not always caused by a chemical imbalance or as a result of human biology. It is a result of social factors such as loneliness, lack of social support, financial strain, lack of purpose and unemployment. These are endemic under capitalism.

Even in a wealthy country like Australia, youth often look to a future that is at best unfulfilling. Furthermore, capitalism is based on competition. In all sorts of ways we can only succeed if someone else fails. Obvious examples are job interviews or exams to get into uni.

Capitalist culture

Capitalist culture emphasises competition and individualism. Even the main form of transport — cars — means being physically separated from, and often in competition with, other people travelling on the same road.

State-backed "trade union" officers (in yellow caps) harrass striking workers at the Nanhai Honda plant in 2010.

July 20, 2011 -- China Labor News Translations, posted at Links International Journal of Socialist Renewal with permission -- Even though strikes frequently occur across China, the country actually has no law regulating labour strikes. There is no law permitting strikes, but at the same time there is no law banning them.

Dr Jeyakumar MP is greeted upon his release by PSM members and supporters. Photo by Alex Cheong.

Links International Journal of Socialist Renewal would like to thank all its readers who sent solidarity and protest messages, and participated in the pickets and vigils around the world, that helped win the release of the PSM's "EO6". Together with protests in Malaysia, solidarity actions were held in the Philippines, Thailand, South Korea, Australia and other parts of Asia.

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By K. Pragalath and Tarani Palani