Economy

During the six years of economic crisis in Europe, its elites have not just attacked the living standards of workers, unemployed and poor. They’ve also been engaged in a three-and-a-half year scrap among themselves. Their fight is over a financial transactions tax (FTT), first mooted by the European Commission (EC) in October 2010 for all 28 members states of the European Union. It was finally agreed to in January last year by 11 Eurozone members ― Belgium, Germany, Estonia, Greece, Spain, France, Italy, Austria, Portugal, Slovenia and Slovakia (the “EU11”). Aims

Before Hugo Chavez became president of Venezuela in 1999, the barrios of Caracas, built provisionally on the hills surrounding the capital, did not even appear on the city map. Officially they did not exist, so neither the city nor the state maintained their infrastructure. The poor inhabitants of these neighbourhoods obtained water and electricity by tapping pipes and cables themselves. They lacked access to services such as garbage collection, health care and education.

The Commission of Audit report is a declaration of open class war by the corporate ruling class against Australia's working people and the poor. Released symbolically on May 1, the international workers' day, it is a clear challenge to the labour movement and social organisations. If its 86 recommendations are implemented, it would be a wholesale destruction of the welfare state, hard fought for over a century or more by working people, and a huge victory for big business in shifting wealth from the poor to the rich.

Green Left Weekly's Peter Boyle spoke to Kevin Lin, who is doing research for his PhD at the University of Technology Sydney on the labour movement in China, about the background to a new wave of strikes in the country.

Three years ago the Portuguese government, unable to raise funds on the capital markets, went for help to the infamous troika ― the combination of the International Monetary Fund, European Central Bank and European Union. In return for their bail-out, the troika imposed punitive conditions that have wrecked livelihoods. In Portugal last September, the negative impact was expressed for me in one biting comment: “They are draining the life blood from Portugal.”

In his May Day speech at a large rally in Caracas, President Nicolas Maduro announced the extension of social programs and benefits to workers and the population in general. The opposition held its own march to criticise the state of the economy. Some of Maduo's announcements to thousands of workers included: a new fund to protect and increase the value of workers’ social security savings, the extension of social programs to workplaces, and the introduction of free wifi in many public parks and urban spaces.

On my wall in London is my favourite photograph from South Africa. Always thrilling to behold, it is Paul Weinberg's image of a lone woman standing between two armoured vehicles, the infamous “hippos”, as they rolled into Soweto. Her arms are raised, fists clenched, her thin body both beckoning and defiant of the enemy.

Millions of workers across the globe hit the streets on May 1 for mass rallies marking International Workers' Day. The day was chosen in 1889 as a global day to mark the struggle of the working class by representatives of socialist parties in the Second International. It was held to commemorate the Haymarket Martyrs, anarchists executed in Chicago for their role in the struggle for an eight-hour day in 1886.

Boots Riley is lead singer of US-based hip-hop group The Coup and a radical activist, heavily involved in Occupy Oakland and other struggles. He was a featured speaker at the Marxism 2014 conference in Melbourne over April 17-20 where Green Left Weekly's Gemma Weedall spoke to him.

A casino was a fitting venue to host Prime Minister Tony Abbott's keynote address to the 25th anniversary dinner of conservative think tank the Sydney Institute on April 28. Abbott's speech, coming two weeks before the federal budget, was full of promises of “happiness”, “security” and “a better life”. But in reality, Australian workers, pensioners and the poor will be lucky if they are left with much more than the shirts on their backs once the government is done fleecing them.

In a move denounced by Irish republicans as hypocritical and politically motived, Sinn Fein president and member of the Irish Dail (parliament) Gerry Adams was taken into custody by the Police Service of Northern Ireland (PSNI) on April 30.

The budget is approaching and it seems we are a bit short on cash. This isn't surprising really, seeing as we’re stumping up about $12 billion for a bunch of new fighter jets with such serious flaws they are expected to cost a further $12 billion in repairs and maintenance.