capitalism
The crisis of the global economy
A report of the Institute of Globalisation and Social Movements, Moscow
By Vasily Koltashov
Translated by Renfrey Clarke, Links – International Journal of Socialist Renewal (http://links.org.au)
Moscow, June 9, 2008 -- In the early weeks of 2008 virtually all Russian and foreign experts viewed the situation in the world economy favourably. Warnings from a few analysts that a major economic crisis lay ahead were not taken especially seriously by optimistic-minded populations.
On January 22 the stock exchanges were shaken by the first slump, followed by a series of new collapses. The world’s share markets were destabilised. Inflation accelerated, with food prices beginning to rise sharply. A number of American and European banks announced colossal losses in their results for 2007. The scale of the economic problems in the US became evident. A new world crisis had begun. The emergence of its first symptoms provoked numerous questions concerning the nature of the crisis, the reasons behind it, and the logic shaping its probable development.
Political activism, class struggle -- not markets -- will save the planet
July 5, 2008 -- A political economist and activist who directs the Centre for Civil Society at the University of KwaZulu-Natal in Durban, South Africa, Patrick Bond was a featured guest speaker at the Green Left Weekly Social Change — Climate Change conference held in Sydney, Australia, in April.
Author of a range of books, including Climate Change, Carbon Trading and Civil Society, Looting Africa: The Economics of Exploitation, and Walk Left, Talk Right: South Africa’s Frustrated Global Reforms, Bond is a long-time advocate for radical solutions to the climate and social catastrophe wraught by global capitalism.
Lauren Carroll Harris spoke to Bond at the conference about responses to climate change.
* * *
What has been the response of the market to the crisis of climate change and what role does carbon trading play?
Via Campesina farmers to heads of state: Time to change food policies!
Via Campesina
Rome, June 3, 2008 -- Now that the FAO expects that hunger will affect an extra 100 million people by the end of the year, heads of states and leaders from around the world are gathering in Rome for the FAO "High-Level Conference on World Food Security: the Challenges of Climate Change and Bioenergy".
The international peasant’s movement Via Campesina welcomes this sudden high level interest in food and agriculture production, but reminds governments and international institutions that the current climate and food crisis are not the result of any sudden natural disaster. They are the fruit of decades of policies of trade ``liberalisation'' and of the vertical integration of production, processing and distribution by corporate agriculture.
Therefore, governments today have to take full responsibility for the current crisis and take resolute actions to solve it.
Cuba's vice-president: `We can confront the food crisis'
Address by José Ramón Machado Ventura, vice-president of Cuba’s Councils of State and Ministers, to the high-level conference on World Food Security: The Challenges of Climate Change and Bioenergy.
(English translation by Climate and Capitalism, from Juventud Rebelde, June 4, 2008)
Two years ago, in this very hall, the international community agreed to eradicate world hunger. It adopted a goal of halving the number of malnourished people by 2015. Today that modest and inadequate goal seems like a pipe-dream.
The world food crisis is not a circumstantial phenomenon. Its recent appearance in such serious form, in a world that produces enough food for all its inhabitants, clearly reveals that the crisis is systemic and structural.
Cuban VP: `Sustainable development requires a revolution in our values'
Address by José Ramón Machado Ventura, First Vice-President of Cuba’s Council of State, at a session on ``Sustainable Development: the Environment, Climate Change and Energy'', during the 5th EU/LAC (European Union/Latin America and Caribbean) summit meeting in Lima, Peru, May 16-17.
Your Excellency:
At the United Nations Conference on Environment and Development held in Rio de Janeiro 16 years ago, Fidel Castro issued a prophetic warning, stating that ``an important biological species is at risk of disappearing as a result of the rapid and progressive destruction of its natural living conditions: humanity''.
Time has proven him right.
Let us not mince our words: we won’t attain sustainable development, the negative impacts of climate change will not be halted or reversed, and the environment will not be preserved for future generations, if the irrational patterns of production, distribution and consumption imposed upon us by capitalism prevail. The globalisation of neoliberal policies has drastically exacerbated the crisis.
A brief socialist history of the automobile
By Rob Rooke
Global food crisis: Capitalism, agribusiness and the food sovereignty alternative
By Ian Angus
[Second of two articles. Click here for part one.]
Nike: How cool is exploitation?
By Norm Dixon
August 28, 1996
Image is a vital to the success of the giant international sports footwear and apparel corporation Nike. Endorsements by sports superstars like basketballer Michael Jordan, soccer maestro Eric Cantona and sprinting ace Cathy Freeman -- to name just a very few -- have made the company's "Swoosh" logo synonymous with "cool" for millions of young people worldwide. That image would be badly tarnished if it became widely known that the Nike empire is built on cheap Third World labour (including child labour), denial of trade union rights and collaboration with repressive regimes, most notably the Suharto regime in Indonesia.
Nike Australia's public relations spokesperson, Megan Ryan, was coy about how much the company spends on marketing and sponsorship when Green Left Weekly spoke to her recently.
BHP-Billiton: a corporation founded on apartheid plunder
In late March, newspaper headlines hailed the announcement that giant Australian-owned mining, oil and steel corporation BHP and the huge Anglo-South African mining a
Global food crisis: ‘The greatest demonstration of the historical failure of the capitalist model’
By Ian Angus
[First of two articles. Click here for part two.]
“If the government cannot lower the cost of living it simply has to leave. If the police and UN troops want to shoot at us, that's OK, because in the end, if we are not killed by bullets, we’ll die of hunger.” — A demonstrator in Port-au-Prince, Haiti
April 28, 2008 -- In Haiti, where most people get 22% fewer calories than the minimum needed for good health, some are staving off their hunger pangs by eating “mud biscuits” made by mixing clay and water with a bit of vegetable oil and salt.[1]
Meanwhile, in Canada, the federal government is currently paying $225 for each pig killed in a mass cull of breeding swine, as part of a plan to reduce hog production. Hog farmers, squeezed by low hog prices and high feed costs, have responded so enthusiastically that the kill will likely use up all the allocated funds before the program ends in September. Some of the slaughtered hogs may be given to local Food Banks, but most will be destroyed or made into pet food. None will go to Haiti.
This is the brutal world of capitalist agriculture — a world where some people destroy food because prices are too low, and others literally eat dirt because food prices are too high.
Are livable cities just a dream?
By Dave Holmes
