Economy

The news below is mostly accumulated from recent coverage at Venezuela Analysis, asides from the first report from Prensa Latina. Venezuela Analysis is the best English-language source of news and analysis on Venezuela, its popular revolutionary process and the media war against the country and its democracy.

Venezuelan students who support the Bolivarian Revolution speak out against recent oppositional violence, and urge the nation's youth to think for themselves in the midst of the media-backed polarisation.

The six columns of the “Marches for Dignity”, protest marches against austerity, corruption and the repression of social and civil rights in the Spanish state, reached Madrid on March 22. Hundreds of thousands of people took over the streets of Madrid that day. It was the crowning moment for a movement that began in early March with marches leaving from cities across the Spanish state.

Thousands of people protested against British Conservative Chancellor George Osborne's budget on March 19, the Morning Star said the next day. The protests were part of a national day of action called by the People's Assembly. Across Britain, there were marches, rallies and festivals demanding a people's budget for Britain.

“Ecological strain” and “economic stratification” could lead to the global fall of modern civilisation within decades, researchers warn in a disturbing new study sponsored by NASA's Goddard Space Flight Center. History shows that “complex, advanced civilizations” from the Roman to the Han empires are capable of collapse, note the authors, who hail from the Universities of Maryland and Minnesota.

With Newmont-Buenaventura set to resume building operations at the controversial Conga mine site this year, the Peruvian government has passed a new law granting legal immunity to security personnel who injure or kill protesters. The promulgation of Law 30151, which was officially gazetted on January 14 after being signed by President Ollanta Humala, indicates the state and its transnational corporate backers are planning an expanded campaign of repression against Peruvian communities resisting their neoliberal development model.

The People’s Assembly Against Austerity was launched last year to help create a mass movement across Britain against the austerity measures imposed by the government in a bid to make ordinary people pay for the economic crisis. It was supported by quite a few trade unions, the Coalition of Resistance, many campaign groups and several MPs.

More than five years since the global financial crisis, many OECD countries are still facing high rates of unemployment, losses in income and worsening social conditions. This was confirmed in the latest OECD social indicators report, Society at a Glance 2014, released on March 19. The reports says: "The financial upheaval of 2007-08 created not just an economic and fiscal crisis but also a social crisis ... Some 48 million people in OECD countries are looking for a job – 15 million more than in September 2007 – and millions more are in financial distress.

Images forge reality, granting a power to television and video and even still photographs that can burrow deep into people’s consciousness without them even knowing it. I thought that I, too, was immune to the repetitious portrayals of Venezuela as a failed state in the throes of a popular rebellion. But I wasn’t prepared for what I saw in Caracas this month: how little of daily life appeared to be affected by the right-wing protests, the normality that prevailed in the vast majority of the city. I, too, had been taken in by media imagery.

"The solution to Qantas's problems is being framed as a choice between lifting the level of permissible foreign ownership or a public debt guarantee,” Chad Satterlee wrote in article in the Guardian on March 3. “There is another option: renationalisation".

The March in March protests across Australia over March 15-17 were a resounding success – not just because of their size, focus and breadth. Just as significant is the fact that March in March tore apart the idea – seeded by the cynical rhetoric of John Howard's spin doctors in the wake of the invasion of Iraq – that protests don't work. This protest worked precisely because it brought between 80,000 and 110,000 people out of their homes and into the streets in a disparate yet united way against the Tony Abbott government's attacks.

New Caledonia, a French-administered archipelago in the south-west Pacific, passed a law on February 13 banning the importation of genetically modified seeds for cereals and fruits. Vegetables, however, are exempt from the law. A proposal for mandatory labelling of GMO products is still to be approved by the Congress.