Economy

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.

Protests erupted throughout Pakistan after the shooting dead on the picket line of three striking workers at Karachi Airport on February 2. The Pakistan International Airlines (PIA) employees were part of a nationwide strike against the privatisation of the state-owned airline. One of those killed, Inayat Raza, was a veteran trade unionist and former leader of the left-wing National Students' Federation (NSF) in Karachi in the 1980s.

A 24-hour general strike in Greece against the “odious plan to dismantle the country’s social security system” shut down transportation, schools, courts, pharmacies and non-emergency hospital services on February 4. Up to 100,000 people attended, according to organisers, while police estimated 50,000 hit the Athens streets. The strike is the largest since the leftist Syriza party took power in January last year on a platform of opposing the type of austerity measures the strike targetted.

The 2016 summit of the Community of Latin American and Caribbean States (CELAC) began on January 26 with the meeting of foreign ministers and chancellors of the Latin American nations at the headquarters of the Union of South American Nations (UNASUR) in Mitad del Mundo, Quito, Ecuador. CELAC, a regional body involving all nations in the Americas except for the United States and Canada, was officially created in Caracas in 2011 under the leadership of then-Venezuelan president Hugo Chavez.

"WOW. This is something you don't often see. Goldman Sachs says it may have to question capitalism itself." So went the tweet from Bloomberg TV correspondent Joseph Weisenthal. I wondered what could possibly cause one of the world’s largest investment banks, a company that is heavily invested in capitalism (both literally and figuratively) to “question capitalism itself”? Why isn't this bigger news?

Despite having the entire Democratic establishment against him, the self-described democratic socialist candidate in the US Democratic primaries, Bernie Sanders, continues to make waves, backed by huge enthusiasm from supporters inspired by his call for a “political revolution” against the corporate elite.

"The NSW Coalition government's proposed sell-off of public housing to property developers is a huge hand-out to big business from the public purse," Peter Boyle, Socialist Alliance candidate for the seat of Sydney in the upcoming federal election, said on February 3. "And the planned 'redevelopments' of public housing will make the housing crisis for workers and poor people even worse than now."

Residents attending a public inquiry on February 2 at Wests Ashfield into the New South Wales government's plan to amalgamate Ashfield, Leichhardt and Marrickville Councils were of one mind: they opposed it. About 50 people spoke in the afternoon session, and only 5, including Ashfield Liberal councillor Julie Passas and a self-described businessman, supported the plan. Similar meetings were organised at Sandringham, Bankstown, Manly, North Sydney, Parramatta, Mona Vale, Deniliquin and Shellharbour and more will take place over the next fortnight.

“Coal seam gas in New South Wales is dead in the water”, Julie Lyford, spokesperson for Groundswell Gloucester, said after AGL announced on February 4 it was quitting Gloucester. AGL had planned to drill at 300 sites in a geologically complex and rich farming region north-west of Newcastle. It had been facing fierce opposition for conducting tests in the Gloucester region under PEL 285. The decision has been welcomed by anti-coal seam gas (CSG) campaigners across NSW. AGL's licence was due for renewal on February 22.

Contractors carrying out construction works for the controversial multi-billion dollar Westconnex tollway, even before official planning approval has been given, called police on February 2 after some local residents occupied their planned drilling site in the middle of Tempe Reserve. No arrests were made during the peaceful protest, which stopped the contractors starting work after residents set up a picnic in the public space where they planned to conduct drilling. One resident also climbed the drill rig and occupied it for several hours to stop work going ahead.

This is the second part of an article on an exposure tour of Malaysia hosted by the Socialist Party of Malaysia (PSM), in which five Resistance: Young Socialist Alliance members participated over January 15 to 26.

In a speech to supporters on the night of February 1, after the narrowest of losses to Hillary Clinton in the Iowa caucuses,, self-described democratic socialist candidate in the Democratic primaries Bernie Sanders hailed his strong result as the "launch of a political revolution".