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 executive committee of Left Unity, a socialist group in England, issued the following statement on the outcome of Britain's referendum on leaving the European Union. *** Left Unity deplores the Leave outcome of the EU Referendum. This referendum came from pressure from the far right — driven by anti-immigration sentiment, fuelled by racism. This has been the most reactionary national campaign in British political history, resulting in an open emergence of the extreme right.

The Benigno Aquino administration is down to its final days till it makes way for the new presidency of Rodrigo Duterte, who was elected in May. You could make the case that we are also seeing the curtain fall on the 30-year-old liberal democratic state that came to existence with the February 1986 EDSA Uprising that overthrew the military dictatorship of Marcos.

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.

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.

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).

“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.

“When one farmer kills themselves you can call it suicide. But when a quarter of a million farmers kill themselves, how can the government call it suicide? It is genocide. These farmers are being killed by design.” So opens Cotton For My Shroud, a documentary about embattled Indian farmers and the assault on traditional rural agricultural life waged by Monsanto and the political class in its pockets.