A forensic report by investigators appointed by the South African Reserve Bank into the collapse of the Limpopo-based VBS Bank has confirmed “one of the biggest bank frauds that we’ve seen in South Africa”. Over a period of three years, nearly 2 billion rand of poor people’s money was stolen. The report has identified at least 53 individuals who, through various schemes, benefited from a combined 1.89 billion rand between 2015 and 2018.

Recently, the bourgeois media, particularly in Europe, has been delighting in the “miraculous” turnaround of Portugal’s fortunes. Just seven years ago, the Portuguese economy was teetering on the brink. The country was heading for the kind of social upheaval that caused a pre-revolutionary situation in Greece, and led to an enormous mass movement in neighbouring Spain.

On 8 November, the student council of the Free University of Brussels (Vrije Universiteit Brussel, VUB) refused to recognise a student Marxist society, set up by the IMT in Brussels (Vonk – Marxistische jongeren), on the grounds that our organisation is… anti-sexist, anti-racist and anti-fascist! We reiterate: this was a decision taken by the majority of the student council, not the university bosses.

Late on the night of Sunday, 25 November, rumours began to trickle out about the impending closure of the Oshawa General Motors plant. The following morning the terrible news was confirmed to be true. In response, workers of Unifor Local 222 staged a spontaneous wildcat walkout. The closure is a massive blow to the working class of the city and the province which cannot be allowed to stand. The capitalists have shown themselves to be incapable of providing decent employment. It is up to the workers to take action to defend their jobs and union.

On 22 November, at the Leon Trotsky House Museum in Mexico City, Alan Woods began his talk on the English Revolution by saying that, while postmodernists claim there are no laws in history and that it is impossible to understand, there are recurrent processes and even familiar characters across the centuries. Similar material conditions provoke historical phenomena with certain similarities.

On 15 November, the Sri Lankan parliament erupted in a brawl over a no-confidence motion passed against the newly appointed prime minister, Mahinda Rajapaksa. Punches were exchanged in a factional fight between opposition parties that supported the no-confidence vote and Rajapaksa's supporters.

Over a 100 days have passed since the victory of right-wing reactionary Ivan Duque in the Colombian presidential elections. The appointment of Alberto Carrasquilla – the country’s very own Chicago Boy – as economics minister made it very clear from the outset that a battery of attacks was coming for the Colombian working class.

On Monday, dozens of young people and workers assembled in the auditorium of the Leon Trotsky House Museum to listen to a speech by Alan Woods, leader of the International Marxist Tendency. The event was about the ideas of Karl Marx, 200 years since his birth. The day (November 20), could not be more appropriate, as it also marked the anniversary of the beginning of the Mexican Revolution.

In the third part of Alan Woods’ reply to Trump’s advisers’ so-called empirical critique of socialism, he addresses their gross mischaracterisation of the Nordic economies, Venezuela and the USSR. Alan also refutes the accusation that socialism will inevitably lead to food shortages and economic ruin; and responds to the falsehood that socialists want to “nationalise everything”.

It’s been a turbulent time for the aviation industry recently. And now another airline looks unlikely to weather the storm. Flybe is up for sale, with the regional air carrier calling in accountants from KPMG in an attempt to save itself from collapse. Half-year profits have plunged and the company’s auditor, PwC, warned of “significant doubt” over its future. KPMG's involvement should have instantly set alarm bells ringing, as they were also the administrator of Monarch Airlines last year.

The mobilisation of the gilets jaunes (“yellow vests”) protest movement marks an important step in the development of the class struggle in France. With no party, no union, and no pre-existing organisation, hundreds of thousands of people have participated in this movement against a tax increase on diesel and petrol, sweeping aside the pseudo-concessions and threats of the government. They are supported by a large majority of the population.

Rob Sewell, editor of Socialist Appeal(British paper of the IMT) spoke at the Revolution Festival in London about the 2008 financial crisis, 10 years after the fact. He explains that we are living through perhaps the greatest ever organic crisis of capitalism, from which there has been no meaningful recovery; and that all attempts to deal with the fallout of 2008 (from quantitative easing to austerity) have now disrupted the social and political situation.

Upwards of a trillion-and-a-half Danish kroner in “dirty money” (an amount that corresponds to about 60 percent of the Danish GDP) appears to have passed through the Danish financial giant Danske Bank. This case is just one in a long series of scandals, which show that the bourgeois rule of law is an illusion.

On Friday 16 November, with 80 comrades present in a packed auditorium, Alan Woods, leader of the International Marxist Tendency, spoke about the global crisis of capitalism and the international class struggle, at the Leon Trotsky House Museum.

Speaking at the main rally of the recent Revolution Festival in London, Alan Woods, editor of In Defence of Marxism, gives a first-hand account of the revolutionary general strike that shook France in May 1968. As Alan explains, the huge events of May 68 began as student protests, with the youth acting as a barometer for the rising pressures in society. The working class (which many short-sighted left-wingers had written off as being "middle class") soon came in support of the students, and the movement developed into a mass strike.