Economy

Left Unity is a new political group in Britain created out of a call last year by filmmaker Ken Loach for a new party to the left of Labour, which has moved rightwards in recent years and supports anti-worker austerity measures. The call was supported by thousands of people and Left Unity held its founding conference in November last year. Green Left Weekly's Denis Rogatyuk spoke with Left Unity's national secretary Kate Hudson, a veteran campaigner who is also general secretary of the campaign for Nuclear Disarmament.

Predictions by pollsters and commentators that Evo Morales would easily win Bolivia’s October 12 presidential elections were confirmed when he obtained more than 60% of the vote. Most, however, differ over why, after almost a decade in power, Morales’ Movement Towards Socialism (MAS) continues to command such a huge level of support. Their explanations tend to focus on specific economic or political factors, such as booming raw material prices or the MAS’s ability to control and co-opt the country’s social movements.

Thousands of Venezuelan youth and supporters of the United Socialist Party of Venezuela (PSUV) government took part in a march on October 18 against terrorism and for peace. The youth march was organised in response to the assassination of Robert Serra, a 27-year-old PSUV parliamentarian and Chavista. Serra was murdered along with his partner Maria Herrera in their home on October 1. The demonstrators filled the streets of Caracas to take their demand ― that lawmakers officially declare the murder of Serra as an act of terrorism ― to the National Assembly.

For 48 hours, it looked as if Thursday, October 16, 2014 might join similar October Thursdays in 1907, 1929 and 1979 as another dramatic moment when sharemarket panic triggered economic downturn. However, it was not to be. The US$3 trillion slump in world sharemarket values in the first two-and-half-weeks of October had, by October 24, been partially reversed by a coordinated effort of “calm engineering” by central bankers. But how long can that treatment ― whose message to the gambling fund managers is that interest rates will stay low ― succeed?

Marx on Gender & the Family: A Critical Study By Heather A. Brown Haymarket, 2013 US socialist Heather Brown has performed a great service in this short, yet detailed survey of all of Karl Marx’s writings on women and gender ― including some that have never been published in any language. Brown shows how Marx did not just analyse economics and history, he interrogated all forms of literature (even police files) to tease out the threads of social oppression.

As talks between Hong Kong protesters and the Chinese government began on October 21, the region’s current chief executive C.Y. Leung spoke out against free elections on the grounds that it would empower the poor. In his first interview with foreign media since the pro-democracy movement began, Leung said that if the public were allowed to nominate any candidate of their choosing, elections would be dominated by the large sector of Hong Kong residents now living in poverty.

Gough Whitlam has passed away aged 98. Green Left will run more detailed analysis of his significance and legacy, but for now here is Sydney-based Celtic punk band Roaring Jack, fronted by Scottish socialist Alistair Hulett, with "The Ballad of '75" about the coup that removed the Whitlam government from power.

New information was released on October 14 at the Financing Development with Transparency annual conference about the controversial operations of US mining company Newmont. Journalist Raul Weiner and accountant Juan Torres released their investigation, claiming it proves the US transnational committed tax fraud by not paying the Peruvian state about US$137 million last year alone. Newmont owns Yanacocha in Peru, a set of five gold mines that make up the second largest gold exploration in the world. The transnational also owns an expansion project called Conga.

In celebration of the nationally acclaimed Day of Indigenous Resistance on October 13, Venezuelan President Nicolas Maduro handed over collective land titles to 14 original communities. Maduro also established a presidential council for indigenous peoples, lowered the threshold age for indigenous pensioners, and announced the creation of an institute to protect the country’s 44 native languages.

Huge crowds demonstrated against water charges on the streets of Dublin's city centre on October 12 as voters delivered a stunning message of “no confidence” to the Fine Gael-Labour coalition government in two by-elections. Traffic in Dublin’s city centre came to a standstill due to the unprecedented scale of the anti-austerity march. About 100,000 people took part in the march, which took one hour and twenty minutes to pass the Spire in O’Connell Street.

Bolivian President Evo Morales was re-elected for his third term on October 12 with more than 60% of the vote.

Paul Verhaeghe, senior professor of clinical psychology and psychoanalysis at Ghent University in Belgium, has argued in a recently published essay that neoliberal economics brings out the worst in human beings. He finds that thirty years of neoliberalism, and the privatisation and free-market misery that comes with it, have taken their toll on people’s values and even their personalities.