A whole packet of new economic initiatives are set to take effect in Venezuela after socialist President Nicolas Maduro announced a series of far-reaching measures in response to the country’s economic crisis on February 17.
In a televised five hour address to the nation, Maduro explained the extent of the economic crisis afflicting the country as well as his government’s plan to tackle it. Economic initiatives include changes to the country’s multi-tiered exchange rate, an increase in domestic petrol prices, a new tax system and expansion of community control over food distribution.
Support for self-described socialist Bernie Sanders is based on his policies, such as supporting union campaigns for a $15 minimum wage.
It can be difficult to understand what capitalist elections say about the relation of class forces. This is especially true for the United States where there are no mass workers parties of any type. The two pro-capitalist parties, the Democrats and the Republicans, dominate.
Anti-TPP protesters in Auckland.
Amid angry protests in the streets, Pacific rim countries signed the controversial Trans-Pacific Partnership (TPP) trade deal on February 4 in New Zealand's capital Auckland.