Capitalism and degrowth: An impossibility theorem

By John Bellamy Foster

January 2011 -- Monthly Review -- In the opening paragraph to his 2009 book, Storms of My Grandchildren, James Hansen, the world’s foremost scientific authority on global warming, declared: “Planet Earth, creation, the world in which civilization developed, the world with climate patterns that we know and stable shorelines, is in imminent peril…The startling conclusion is that continued exploitation of all fossil fuels on Earth threatens not only the other millions of species on the planet but also the survival of humanity itself—and the timetable is shorter than we thought.”1

US imperialist aggression in the early 21st century

Washington has reactivated the US Navy’s 4th Fleet to ensure US power projection over the Caribbean, Central and South America.

[This talk was presented at the regional “socialism conference” was held in Manila from November 27 to 28, 2010. The conference was organised by the socialist Partido Lakas ng Masa (Party of the Labouring Masses) and the socialist-feminist regional network Transform Asia.]

By Rasti Delizo

How the Communist Party of Australia exposes the Democratic Socialist Party's 'Trotskyism'

By Doug Lorimer

[This article first appeared in the Democratic Socialist Party's internal discussion bulletin, The Activist, volume 10, number 7, August 2000.]

The Communist Party of Australia has recently published a pamphlet by David Matters entitled Putting Lenin's Clothes on Trotskyism which claims that the DSP's rejection of Trotsky's theory of permanent revolution is really a cover for its support for Trotskyism. However, the real purpose of the pamphlet is to criticise the DSP's position on the 1998 waterfront dispute.

This is made clear in the introduction to Matters' pamphlet by CPA general secretary Peter Symon:

In writing Putting Lenin's clothes on Trotskyism, David Matters has contributed to the task of clarifying ideas and maintaining the validity and truth of Marxism...

The attack on Marxism in the name of Marx, or on Lenin in the name of Lenin, is a particularly pernicious form which can easily mislead those who are not familiar with what Marx, Engels and Lenin actually said and wrote.

The pretension that Trotsky was a great Leninist is one of these misrepresentations and was refuted time and again by Lenin.

Cuba: Economy of commands or earnings? Joaquin Infante on economic changes

December 31, 2010 -- Cuba's Socialist Renewal -- Coinciding with the beginning of the three-month-long public debate on the Draft Economic and Social Policy Guidelines of the Party and Revolution, the following two-page interview with Dr Joaquin Infante, one of Cuba's veteran economists, appeared in Juventud Rebelde. It's a fascinating and revealing interview

Portugal: More austerity looms in 2011

General strike against austerity in Portugal, November 24, 2010.

By Raphie de Santos

January 4, 2011 -- Socialist Resistance -- A full financial bailout of Portugal involving the European Central Bank (ECB) and the International Monetary Fund (IMF) looks set to happen in the first half of 2011. This will involve severe austerity conditions being imposed on the Portuguese people by the ECB and IMF.

The indications are clearly there as at the end of 2010 Fitch joined the two other credit rating agencies to downgrade Portugal’s debt to A+, which is just above junk status. They are concerned that the current account deficit running at 9% is unsustainable with the ruling Socialist Party unable to impose the effective 4% budget cuts in 2011 that they outlined at the end of 2010.

China: An international dialogue on Marx

A trader in Lijang, China, selling images of Karl Marx. Photo by Malias.

By Norman Levine

January 4, 2010 -- Links International Journal of Socialist Renewal -- Organised by Marcello Musto of York University (Toronto, Canada), an international delegation of scholars from Canada (Marcello Musto and George Comninel), USA (Norman Levine), England (Terrell Carver), Japan (Hiroshi Uchida and Kenji Mori) and South Korea (Seongjin Jeong) participated in a two-week series of colloquiums and lectures in China. This delegation was invited and graciously hosted by Fudan University of Shanghai and Nanjing University (two of the top five universities in China), and by the Chinese Academy of Social Sciences (CASS) and the Chinese Central Compilation and Translation Bureau (CCTB) of Beijing. The faculties and administration of each of these institutions partnered in these colloquiums, which also saw the participation of Chinese academics from 23 different universities (and, among them, of many deans and chairs of departments).

Why does health care in Cuba cost 96% less than in the US?

Claudia Lopez, an intern, with outpatients at 5 de Septiembre Polyclinic, Havana. Photo by Gail Reed/World Health Organisation.

Irish crisis: A complete failure for neoliberalism

Protest against austerity outside Irish government buildings in Dublin.

By Eric Toussaint, translated by Christine Pagnoulle in collaboration with Judith Harris

January 3, 2011 -- CADTM -- For a decade, Ireland was heralded by the most ardent partisans of neoliberal capitalism as a model to be imitated. The "Celtic Tiger" had a higher growth rate than the European average. Tax rates on companies had been reduced to 12.5% |1| and the rate actually paid by the transnational corporations that had set up business there was between 3 and 4% -- a CEO’s dream!

Martin Hart-Landsberg: What’s happening on the Korean Peninsula?

By Martin Hart-Landsberg

December 31, 2010 -- Reports from the Economic Front -- What’s happening on the Korean peninsula? If you read the press or listen to the talking heads, your best guess would be that an insane North Korean regime is willing to risk war to manage its own internal political tensions. This conclusion would be hard to avoid because the media rarely provide any historical context or alternative explanations for North Korean actions.

For example, much has been said about the March 2010 (alleged) North Korean torpedo attack on the Cheonan (a South Korean naval vessel) near Baengnyeong Island, and the November 2010 North Korean artillery attack on Yeonpyeong Island (which houses a South Korean military base).

The conventional wisdom is that both attacks were motivated by North Korean elite efforts to smooth the leadership transition underway in their country. The take away: North Korea is an out-of-control country, definitely not to be trusted or engaged in negotiations.

But is that an adequate explanation for these events? Before examining the facts surrounding them, let’s introduce a bit of history. Take a look at the map below, which includes both Baengnyeong and Yeonpyeong Islands.

China, Mao and the global neoliberal offensive

Review by Chris Slee

The Rise of China and the Demise of the Capitalist World Economy
By Minqi Li
Monthly Review Press, New York, 2008

January 4, 2011 – Links International Journal of Socialist Renewal -- Minqi Li’s The Rise of China and the Demise of the Capitalist World Economy deals with a range of topics including the history of the Chinese Revolution, China's role in the world economy today and the future of the world economy. This review will not deal with every aspect of the book, but will focus on Minqi Li's discussion of China's history, economics and politics, and its current role in the world.

What if the state of the world were measured by its majority?

What real democracy looks like: a communal council in Merida votes for its electoral commission in July 2010. Photo by Tamara Pearson.