SVB collapse shows the fragility of the capitalist economy This morning, banking shares fell rapidly – not only in the US and not just regional banks, but all over the world – in the aftermath of the collapse of US regional banks, SVB Financial and Signature over the weekend. What caused their collapse and are there wider implications?
IMT vs TPUSA: Help Fund the Forces of American Marxism! Recently, a public meeting held by Socialist Revolution, the US section of the International Marxist Tendency, was ‘infiltrated’ by a member of the far-right group ‘Turning Point USA’. We encourage readers to watch the video made by Socialist Revolution in response to the vacuous 'exposé' produced by these reactionary idiots. It is clear that big sections of the US capitalist class, and its rabid dogs on the far right, are spooked by the increasing popularity of Marxism and communism, particularly among the young. Their fears are warranted! The comrades of Socialist Revolution are conducting a fundraising campaign to redouble their efforts to spread revolutionary ideas across the...
West points finger at Ukraine over Nord Stream sabotage: “with friends like these...” The plot thickens! A month after acclaimed American journalist Seymour Hersh released a bombshell report, accusing the CIA of masterminding the bombing of the Nord Stream gas pipelines between Russia and Germany last year, two articles simultaneously appeared in major US and German news publications linking Ukraine to the attack. Not only that, but they claim western secret services knew all along! What are we to make of this?
A tribute to Hugo Chávez – 10 years since his death Today marks the 10th anniversary of the death of Hugo Chávez. To honour the legacy of this courageous class fighter, we republish below an obituary, written by Alan Woods at the time of his passing. The article offers a detailed analysis of the role of the Venezuelan president in the Bolivarian Revolution, as well as his relationship with the masses. For a deeper understanding, we would also like to draw readers’ attention to Permanent Revolution in Latin America, published in 2018 by Wellred Books. The book presents a history of the revolutionary movements in Venezuela, as well as Cuba and...
The Commies Are Coming! According to Donald Trump, he was brilliantly accurate when he predicted in 2019 that “America will never be a socialist country.” Why? Because, as he stated a few weeks ago, “the train didn’t stop at the socialist station… We hit the Marxist station and the communist station.” Meanwhile, the House of Representatives recently passed a bipartisan resolution denouncing the “horrors of socialism.” Based on these latest absurdities from the political establishment, one might be forgiven for thinking that we are on the brink of an imminent and...
Suriname: an explosive situation The situation exploded in Suriname on Friday 17 February. Protests against Surinamese President Chan Santokhi's policies in Paramaribo led to a storming of the National Assembly, followed by riots and looting of shops. After a one-day curfew and over 100 arrests, calm has now seemingly been restored. What is going on?
Solidarity with the Venezuelan Communist Party We publish here a video message by Alan Woods, along with a statement by the Venezuelan section of the IMT, in solidarity with the Venezuelan Communist Party (PCV), which is faced with an attack by the United Socialist Party of Venezuela (PSUV), aimed at taking away the electoral registration from the PCV’s democratically elected leadership.
Canada: 460 attend Montreal Marxist School marked by revolutionary optimism! The return of the Montreal Marxist Winter School in person after a three-year absence did not disappoint. Four-hundred and sixty people gathered for a weekend of Marxist education in an electric atmosphere. Held under the theme “The Revolutionary Party”, we came away more confident than ever that we will succeed in building the revolutionary organization needed to overthrow capitalism!
US imperialism’s war on spy balloons: inflated hysteria In early February of 2023, citizens of the United States – ‘land of the free and home of the brave’ – are told that they have a new menace to fear. Is it a nuclear-armed stealth drone? A killer robot that invades your home? Or a cyber attack that takes away your savings and steals your identity? The truth is far more terrifying: a balloon from China! For weeks, a bright white spy balloon, visible to the naked eye from the ground, loomed above the world’s most powerful empire. Following the lead of the White House, world politics reeled in terror beneath its terrible shadow.
Famed American journalist says USA blew up Nord Stream On 26 September 2022, news broke of explosions at the Nord Stream 1 and 2 natural gas pipelines, which run from Russia to Germany. The blasts rendered three of the four lines inoperable, and released vast quantities of gas into the Baltic Sea. Ukrainian and Western politicians immediately blamed “Russian sabotage”: a claim that was repeated verbatim by all the major media outlets, without a shred of evidence, as part of a relentless slew of war propaganda. Now, a bombshell exposé by a renowned American journalist has accused the US of orchestrating the attack.
Socialists, beware! Congress has “denounced the horrors of socialism”! Socialists around the globe, beware – the United States Congress has denounced your horrors! Earlier this month, that beacon of freedom and justice overwhelmingly passed H. Con. Res. 9 to denounce “the horrors of socialism.”
Ecuador elections: Banker Lasso bets big and loses Ecuadorians went to the polls last Sunday, 5 February, for municipal elections and to vote in an eight-question referendum called by the banker-president Guillermo Lasso. Lasso’s party came out of the municipal elections completely defeated, while ‘Yes’ – defended by Lasso – lost in all eight questions of the referendum. The elections were a hard blow to the capitalist oligarchy and its political representatives.
The Civil War: America's second revolution The American Civil War is an event of world-historic significance. This revolutionary war, which consumed US society for four long and bloody years, overthrew slavery as a mode of exploitation and laid the ground for the rapid development of US capitalism. This episode in the class struggle graphically demonstrated the dynamics of revolution, and should be studied by all class-conscious workers and youth.
USA: brutal police murder of Tyre Nichols sparks outrage in Memphis and beyond Outrage at police violence has erupted once again across the United States. Protests began in Memphis on Friday, January 27, following the release of video showing the barbaric and fatal police beating of 29-year-old photographer and FedEx worker, Tyre Nichols. The protests then spread to at least 38 cities nationwide.
NYC Marxist School 2022 – now available for catch up! We are delighted to bring to our readers’ attention the following recordings and transcripts of excellent talks given at the New York leg of the coast-to-coast Marxist School held by the comrades of Socialist Revolution, the US section of the IMT in the autumn of last year.