Socialism

The “no” vote narrowly won with 51.3% of the vote in a February 21 referendum in Bolivia held to resolve whether left-wing President Evo Morales could run again in 2019.

Economics After Capitalism: A Guide to the Ruins & a Road to the Future By Derek Wall Pluto Press, 2015 Derek Wall, ecosocialist activist and international coordinator of the Green Party of England and Wales, has written a primer on the main strands of economic critique of globalised capitalism. It is a short and easily readable book, well suited to someone looking for a starting place. For those already embedded in one of these strands, it provides a welcome introduction to some of the others.

Spain could go without a government for several more months after left-wing anti-austerity party Podemos cancelled talks with the main opposition party, the Spanish Socialist Workers Party (PSOE), TeleSUR English said on February 24. Podemos walked away from talks when the PSOE tried to make a deal with the right-wing Citizens party.

Democrat presidential hopeful Hillary Clinton secured a narrow win over Vermont Senator Bernie Sanders in the Nevada caucus on February 20. The former secretary of state gathered 53% of the vote, while the self-described democratic socialist Sanders secured more than 47%. Despite his loss, Sanders proved his campaign could mobilise quickly and battle the odds. In a speech following the results, Sanders recalled that just a few weeks ago, he was 25 points behind Clinton in the polls in Nevada. "We have the wind on our backs, we have the momentum," he said.

Protesters in working-class western Caracas hijacked trucks belonging to Venezuela’s number one private food chain, Polar, on February 18, demanding the company cease hoarding essential goods. The Polar food and beverage conglomerate is Venezuela’s largest private food provider, selling a range of products from beer to corn flour. But its owner, millionaire businessman Lorenzo Mendoza, has been consistently embroiled in scandal.

A whole packet of new economic initiatives are set to take effect in Venezuela after socialist President Nicolas Maduro announced a series of far-reaching measures in response to the country’s economic crisis on February 17. In a televised five hour address to the nation, Maduro explained the extent of the economic crisis afflicting the country as well as his government’s plan to tackle it. Economic initiatives include changes to the country’s multi-tiered exchange rate, an increase in domestic petrol prices, a new tax system and expansion of community control over food distribution.

When veteran socialist Jeremy Corbyn was elected British Labour Party leader in September, many commentators in the corporate media and inside the Labour Party establishment warned his anti-austerity and anti-war positions would be a “disaster” for the party — rendering it “unelectable”. Assumed to have no chance at the start of the campaign, his staunch opposition to austerity measures impoverishing millions helped generate a tidal wave of enthusiasm.

Support for self-described socialist Bernie Sanders is based on his policies, such as supporting union campaigns for a $15 minimum wage. It can be difficult to understand what capitalist elections say about the relation of class forces. This is especially true for the United States where there are no mass workers parties of any type. The two pro-capitalist parties, the Democrats and the Republicans, dominate.

Russian Prime Minister Dmitri Medvedev said in an interview with German newspaper Handelsblatt on February 11 that a threatened ground invasion of Syria by Western allies Turkey and possibly Saudi Arabia would lead to a “new world war”. On February 18, Hawar News Agency reported that “dozens” of Turkish armoured vehicles had advanced 200 metres across the Syrian border.

Unfinished Leninism By Paul Le Blanc Haymarket Books, 2014 237 pp., $23.00 This collection of 12 essays rests comfortably alongside Lars Lih’s Lenin Rediscovered and Canadian socialist John Riddell’s huge work in translating the proceedings of the first four congresses of the Comintern, the international organisation set up by the Bolsheviks in 1919. These works are part of the renewed interest in the “real” Lenin — separate from the mausoleum that Stalinism built and pro-capitalist commentators’ slander.

Democratic candidate Bernie Sanders and Republican candidate Donald Trump have won the New Hampshire primary, according to the the Associated Press and NBC news. Early exit polls had suggested that Sanders and Trump could secure victories with big margins. According to the Washington Post, Democratic presidential candidate Hillary Clinton conceded defeat before voting finished, as Sanders claimed victory while urging people to continue voting. Exit polls showed Sanders secured more than 85%of the vote among young people in the state compared to 14% for Clinton.

Democratic presidential nominee Bernie Sanders came close to winning the Iowa caucus on February 1. His opponent Hillary Clinton got 49.9% while Sanders got 49.6%. This was a remarkable achievement for a candidate who many commentators said was too radical and stood no chance against the well-entrenched and well-resourced Clinton.