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Cracks recently appeared in the edifice of world capitalism

By Balazs Nagy
First published in Lutte des Classes No. 11, September 2013.

We really ought to draw our readers’ attention to two major current events which ̶ each in its own political and economic way ̶ testify to a considerable deterioration in the painful death-agony of capitalism-imperialism. On the one hand, there is the current stage reached in the breakdown of its arrangements in the Middle East with the in itself unusual and surprising but real political blockage affecting this system in relation to the civil war in Syria; on the other, the fresh upsurge of world crisis in the ̶ for many ̶ unexpected shape of a general fall in the rate of growth in production among more or less all the so-called “emerging” countries: India, Russia, Indonesia, Brazil, South Africa, etc., including China. This fall is expressed and accompanied by a real upheaval in their financial system through a brutal fall in the values of their currencies, excepting China. As luck would have it, all of these serious problems of imperialism have matured and are concentrated at the Moscow meeting of the 20 countries which are considered to be the most important, the famous G20 on 7 and 8 September 2013. Continue reading

Why did Putin invade the Crimea?

by Radolslav Pavlovic April 2014

Since Ukraine was declared independent in 1991, Russia has had the use of the Crimea as a base for its Southern Fleet along with 25 000 personnel through a long-term contract in due and proper form. The majority of the population speaks Russian, so their support is secure. The Russian army set up shop there as a state within a state. Never for a single moment has Kiev had the slightest intention of putting this contract into question, partly because it brought them certain advantages and partly because the military relationship of forces meant it was inviolable. The coup d’etat has shown that the Ukrainian army’s presence there is mainly symbolic. There was no Maidan protest in Crimea, just Russian propaganda about a Nazi coup d’etat in Kiev. Continue reading