Former Bolivia’s President Evo Morales arrived in the city of Chimore in the department of Cochabamba this Wednesday, where just one year ago he was forced into exile by coup forces of the Bolivian right.Read More »
It is often believed that the ability to pass on property to one’s progeny is an essential element of capitalism, without which the capitalists’ incentives will dry up and the system will lose its dynamism. Nothing could be further from the truth; indeed the acquisition of property through inheritance is contrary to the bourgeois justification for capitalist property.
This justification lies in the claim that the capitalists have some special quality that is rare, whose employment makes the nation prosperous and for which they must be rewarded; but there is no unanimity among bourgeois spokesmen on what exactly this special quality is. This quality cannot consist in their supervising the process of production, for such supervision is typically exercised by salaried personnel who are at best superior workers; they get a salary and not profits (unless they also happen to own some property in the form of shares). It is in recognition of this fact that John Kenneth Galbraith had talked of firms being run not the capitalists but by what he called the “technostructure”.Read More »
Members of the progressive New Peru Party on the streets on November 9 to protest the coup d’etat against Martín Vizcarra. Photo: Nuevo Perú
Peruvians have been taking to the streets to reject the impeachment and removal of Martín Vizcarra from the office of president on Monday, November 9. After a four-hour debate in the Peruvian Congress on Monday evening, Vizcarra was impeached with 105 members of Congress voting to remove him on account of “moral incapacity” due to his alleged involvement in acts of corruption. The impeachment is the tipping point in a conflict between the legislative and executive branches of government of Peru which had intensified in the last two years.
Congressional leader Manuel Merino of the center-right Popular Action party was sworn in as president on Tuesday. Merino’s party had been in the forefront of the impeachment.Read More »
THE No Holding Back report on reasons for Labour’s loss of support among working-class communities merits serious attention.
While Brexit looms large, it looks at the longer-term alienation from Labour in many regions and forces socialists to confront the disconcerting reality that the Tories lead Labour among the poorest socio-economic categories.Read More »
A digital advertising board in Glasgow displaying a news article about the possibility of a vaccine being found
MORE than 80 per cent of global supplies of the breakthrough Covid-19 vaccine have already been bought up by the world’s wealthiest countries, campaigners warned yesterday.
Although they represent only 14 per cent of the world’s population, the richest nations have snapped up more than one billion doses of the Pfizer vaccine, out of the 1.35 billion that the US pharmaceutical transnational says it can produce by the end of next year.Read More »
Many regions of the world have experienced the pandemic in punishing waves, but Chennai in India endured a six-month flood, according to Bharath Kumar Tirupakuzhi Vijayaraghavan. The Apollo Main Hospital, where Vijayaraghavan works as an intensive-care specialist, was never overwhelmed, but it was relentlessly busy. And although the numbers of people with COVID-19 finally began to fall in mid-October, Vijayaraghavan worries about the possible impact of the festival season, which began on 20 October, and the public’s waning compliance with health measures. “Everybody is exhausted,” he says. “It’s become a never-ending health-care problem.”Read More »
As well as restoring dignity to the Oval Office, another thing that will definitely change under a Biden presidency is US policy on the environment.
Biden’s plan for “a clean energy revolution and environmental justice” includes rejoining the Paris Agreement on climate change, investing US$1.7 trillion over the next decade in “green energy” and achieving net-zero greenhouse gas emissions by 2050.Read More »