Lee Sustar

A Trump rally.

From US SocialistWorker.org election night coverage

Why? How? Those questions are dominating the mainstream media as they take stock of Donald Trump's victory in the presidential race.

They are dominating us at SocialistWorker.org, and no doubt our readers, too. It is hard to come to terms with the upside-down results we are seeing. But here are some thoughts.

With the Spanish economy sinking and 12 countries in Europe mired in recession, politicians and bankers are once again worried about a financial meltdown on the continent as the result of the crisis in the eurozone. Adding to the concerns among politicians and financial policymakers is the prospect that elections in France and Greece on May 6 could upend the austerity packages agreed to by European leaders in December.
A spirited mass meeting in Manhattan’s Zuccotti Park after a police crackdown and a major student strike in Berkeley, California on November 15 showed the determination of the Occupy movement in the face of police repression and lies from politicians and the corporate media. In New York, about 1500 people turned out for a general assembly (GA) less than 24 hours after police in riot gear rousted those camping out in Zuccotti Park, arresting up to 200 while trashing tents, supplies and even books.
The euro will survive for now — but only because working people in Greece and other European countries face greater suffering. That’s the not-so-hidden agenda behind the new US$227 billion bailout of Greece organised by the most powerful countries of the European Union, mainly France and Germany. The rescue comes little more than a year after a $155 billion rescue that was supposed to stop the debt crisis. See also: United States: the nonsense battle over debt
Ongoing mass demonstrations, strikes and riots have rocked Egypt since January 25. Tens of thousands of people took to the streets in national protests on January 25 to demand an end to the United States-backed dictatorship of Hosni Mubarak. The regime has responded with brutality. By January 30, the media had reported at least 100 people had been killed. The regime has responded to the unrest by shutting down the internet — a key organising tool of the protests — across the country.
The Group of 20 meeting of leaders of the world’s biggest economic powers was marked for failure even before it began on April 1.
CHICAGO — With a unanimous vote, workers at the Republic Windows & Doors plant in Chicago ended their six-day factory occupation late on December 10 after Bank of America and other lenders agreed to fund about $2 million in severance and vacation pay as well as health insurance.
The much-hyped US$700 billion bailout for the banks has become a grab-bag of policies and giveaways to corporations of all sorts as the Bush administration reels under the pressure of collapsing stock prices, frozen credit markets and skyrocketing unemployment.
Many people are understandably frustrated when they try to make sense of the world financial crisis based on what they read in mainstream newspapers.
The Wall Street “socialists” are at it again — with another big-government takeover of privately owned firms, aimed at protecting the rich by extorting money from working people.

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