Economy

The statement below was published on June 24 by Momentum, a grassroots group within the Labour Party that seeks to organise in support of the left platform of Labour leader Jeremy Corbyn. *** Yesterday, the British people voted to leave the European Union. Momentum, which campaigned to remain in the EU in order to transform the EU, respects the decision taken by the electorate.

Campaigners in Lambeth against LIbrary closures. The area voted overwhelmingly for 'remain'. Socialist Resistance, an English socialist group that is part of Left Unity, released this statement on June 24 on the result of the EU referendum ***

"The NSW state budget brought down by the Mike Baird government on June 21, which was trumpeted by Treasurer Gladys Berejiklian as 'the strongest in the country,' is a scam, based on stamp duty from overpriced housing sales and the sell-off of the state's electricity assets," Peter Boyle, Socialist Alliance candidate for the seat of Sydney in the federal election, said on June 23.

The Commonwealth Scientific and Industrial Research Organisation (CSIRO) lost one fifth of it's staff (20 per cent) in the two years from June 2013 to June 2015, according to CSIRO Staff Association secretary Sam Popovski. That's more than 1300 jobs.

Huge strikes and protests are rocking France, with the threat of greater shocks to come as a hated labour law “counter-reform” is debated in the French Senate. The Socialist Party government is trying to force through the so-called El Khomri law, which would eliminate long-held workers’ protections. But the law has stirred huge resistance, expressed in different forms, from the occupation of public squares called the “Nuit Debout” (Up All Night) to a revival of mass working class action, including general strikes.

The Spanish and European establishments have just days to stop the advance of the progressive electoral alliance United We Can in the June 26 general elections in the Spanish state. How are they doing? As matters stand, not well. United We Can, formed in early May, brings together new anti-austerity party Podemos and the longer-standing United Left (IU), as well as broader coalitions in Catalonia (Together We Can), Galicia (In Tide) and Valencia (A La Valenciana).

More than two-thirds of Brazilians assess the coup government of acting president Michel Temer unfavourably and 32% think he is even worse than expected, a new poll by Vox Populi revealed on June 14. Temer has been acting president since elected President Dilma Rousseff was suspended by Brazil’s Senate through an impeachment process viewed by many as a right-wing coup. Temer was already a widely unpopular politician in Brazil. However, his first month as president and a series of unpopular measures, as well as a few scandals, have pushed his approval ratings even further south.

“Oil didn’t wreck Venezuela’s economy, socialism did.” That’s what Pascal-Emmanuel Gobry, of the Washington-based conservative think tank Ethics and Public Policy Center, wrote earlier this year in his reflection on Venezuela’s deepening economic crisis. Gobry, a prolific writer for Forbes and the Wall Street Journal, criticised Venezuelan analysts who scapegoat oil, even though he recognised that declining oil prices have aggravated the nation’s difficulties. “The culprit is clear and obvious,” Golbry contends. “The problem is Venezuela's authoritarian socialism.”

US Women's soccer team after winning last year's World Cup. The United States women's soccer team does not have the right to strike for better conditions and wages this year, a US district court judge ruled on June 3, Reuters reported that day.

I was sitting in the waiting room when you flashed across the screen A heatwave smothered India and you were on the scene. As you tried to cross the street, your shoe stuck to the road So you ran on scorched bare feet, as the black tar slowly flowed. Where there once were straight white lines, a crazy pattern morphed and swirled, As if a giant with a paintbrush splashed out and dwarfed the world. You long for cooling rain, but the monsoon will be late. And this is how some people face their climate fate. You’re a woman of Maharashtra; farm life is what you know.

United We Can. United We Can — the united ticket made up of Podemos, the United Left, the green party Equo and three broader alliances in Catalonia, Galicia and the Valencian Country — is campaigning in the June 26 Spanish general elections on a plan to reverse economic austerity.

A long political campaign in the south Indian state of Kerala has again been played out according to the pattern followed for the last few decades. The Communist party of India-Marxist (CPI-M)-led Left Democratic Front (LDF) defeated the incumbent Indian National Congress-led United Democratic Front (UDF) in May 19 elections. The elections continued the state’s recent history of swinging between the UDF and the LDF. The two fronts have alternated in power since 1982.