crisis of capitalism

Europe

Podcast: Ukraine between East and West II

In Episode 129 of the CounterVortex podcast, Bill Weinberg discusses the book Ukraine & the Empire of Capital: From Marketisation to Armed Conflict by Yuliya Yurchenko of the Ukrainian left-opposition group Sotsialniy Rukh (Social Movement). In the book, written in 2018, Yurchenko takes a rigorous neither/nor position between Russia and the West, tracing the roots of the current crisis to the rise of regional oligarchs and a “criminal-political nexus” in the post-communist transition a generation ago. The West, in its rush to effect a crash capitalist conversion in the East, was deeply complicit in this. But these regional fiefdoms would be exploited by Vladimir Putin to effect a division of Ukraine as East-West rivalry re-emerged. This January, as Putin amassed forces on Ukraine’s borders, Sotsialniy Rukh issued a statement appealing for “anti-war solidarity.” In interviews since the invasion was launched, Yurchenko has been unequivocal in supporting Ukraine’s “popular resistance.” Similar statements from socialists and anarchists in Ukraine, Belarus and elsewhere in Eastern Europe have called, first and foremost, for the defeat of Putin’s neo-imperial project. Listen on SoundCloud or via Patreon. (Map via Perry-Castañeda Library Map Collection)

The Andes

Oil spike sparks national uprising in Ecuador

Ecuador’s national indigenous alliance CONAIE announced an “indefinite” paro (general strike), in response to a sudden jump in petrol prices. Things escalated when CONAIE leader Leonidas Iza was arrested in Cotopaxi province, where he was apparently participating in a blockade of the Panamerican highway. He was held at a military base, but released the next day following angry protests over his detention and a CONAIE call for “radicalization” of the campaign. Roadblocks are reported in at least 14 of the country’s 24 provinces, including Pichincha, where the capital Quito is located. CONAIE has presented the government of President Guillermo Lasso with a list of 10 demands. These include, in addition to a drop in fuel prices, a moratorium on new oil and mineral leases, and reparations to communities impacted by extractive projects. (Photo: Kawsachun News)

Europe

Hungary dictatorship consolidates; Putin pleased

Hungarian Prime Minister Viktor Órban declared a state of emergency, citing threats originating from the war in Ukraine. The declaration, allowing him to rule by decree, came days after his Fidesz party used its supermajority to pass a constitutional amendment allowing the government to impose a state of emergency in the event of war in a neighboring country. Órban declared a similar emergency in response to the COVID-19 pandemic in 2020, and those assumed special powers, having been extended by the National Assembly multiple times, were set to expire just days before the new declaration. The declaration also came days after Tucker Carlson and friends from the American far right attended the Conservative Political Action Conference in Budapest. It also comes as Hungarian officials are blocking a European Union plan for an embargo of Russian oil, and calling for removal of the question from the agenda of an imminent EU summit. (Photo: Pixabay)

Iran

Iran: protest, repression as food prices soar

Angry protests have swept through several provinces of Iran amid an economic crisis exacerbated by subsidy cuts that have seen the price of basic goods soar as much as 300%. According to reports on social media, at least six people have been killed as security forces have been deployed across the country to quell unrest. The protests have turned political in many areas, with crowds calling for an end to the Islamic Republic. The government has cut off the internet to a number of areas that have witnessed protests, including traditionally restive Khuzestan province. (Image: Hajar Morad via Twitter)

Africa

Protests over fuel price hikes shake Mauritius

The African island nation of Mauritius exploded into angry protests, with residents of poor Kreol communities erecting roadblocks and fighting the police. The island had seen days of peaceful demonstrations over a sudden and drastic increase of petrol and gas prices, centered on the town of Camp-Levieux. Things turned violent after the arrest of “Darren,” a young protest leader, on charges of “participation in illegal demonstrations.” The police headquarters where he was being held was besieged, and protests spread quickly to other towns across the island. Police deployed anti-riot units and armored vehicles against youth hurling stones and Molotov cocktails. Things calmed when Darren was released on bail. But it remains to be seen if the increasingly debt-burdened government can strike a deal with the newly mobilized popular movement. (Photo: Zinfos Moris)

Greater Middle East

Middle East: ‘peak wheat’ fears amid deep drought

Facing long lines and bread shortages, Lebanon’s government has been forced to give private importers $15 million to bring more wheat into the country. But it’s a short-term fix for a government that is broke and waiting for the IMF to approve a bailout deal. And nations across the Middle East may be looking for similar solutions as they struggle with the fallout from Russia’s invasion of Ukraine—both countries are key wheat producers, and exports are effectively cut off by the war. The food crisis is deepened by a decades-worst regional drought impacting Yemen, Syria, Iraq, Afghanistan, and especially Iran. A new assessment on Iran from the International Federation of Red Cross & Red Crescent Societies (IFRC) documents water shortages, disappearing wetlands and emptying villages, making the impacts “impossible to ignore.” (Photo of IDP camp in Yemen: Moayed Al Shaibani/Oxfam)

Inner Asia

Youth protests in Mongolian capital

Thousands of young Mongolians with no political affiliation filled central Sukhbaatar Square in the capital Ulaanbaatar for two days of peaceful protest, demanding reforms to address a long list of grievances related to taxation, inflation, job opportunities, police brutality and judicial independence. After the first day’s demonstration broke up, one group of some 20 youth was set upon by the police and beaten—which only set off a second day of protests. Support for Ukraine in the face of Russia’s aggression was also a popular sentiment at the demonstrations, with many protesters displaying the Ukrainian colors as well as the Mongolian flag. Mongolia’s government abstained in the two UN General Assembly votes condemning the Russian invasion of Ukraine. (Photo via Twitter)

Planet Watch

Sri Lanka to Lima: ripples from Ukraine storm

Sri Lanka’s President Gotabaya Rajapaksa declared a nationwide state of emergency as angry protests over fuel shortages and power cuts erupted in the capital Colombo. When police repression failed to quell the protests, Rajapaksa sought to appease demands for his resignation with a purge of his cabinet. Peru’s President Pedro Castillo meanwhile imposed a curfew in Lima and its port of Callao in response to an eruption of protests over dramatic fuel price hikes. As street clashes broke out in the cities, farmers outraged at a jump in fertilizer costs blocked highways at several points around the country—including Ica, where a toll-booth was set on fire. The world has seen an oil price surge to $100 a barrel in the wake of Russia’s invasion of Ukraine. (Photo: Twitter via La Tercera)

Planet Watch

Ukraine war portends new oil shock

Long-depressed oil prices are suddenly soaring in response to the Russian invasion of Ukraine, with impacts already being felt globally. Exports from Kazakhstan and the Caspian Basin are virtually paralyzed, as the Black Sea pipeline terminal delivering the crude to Western markets is incurring a prohibitive “war risk insurance premium.” Berlin has suspended the Nord Stream 2 pipeline, which is to carry Russian gas under the Baltic Sea to Germany—and Russia has retaliated by threatening to cut gas supplies to Europe via the Nord Stream 1 line. In his executive order barring Russian oil and gas imports to the US, President Biden issued a warning to the oil companies, urging that the war should not serve as an excuse for price-gouging. But it is actually the oil futures market that plays a determinant role in fixing the international price. There’s a big psychological element involved, which is why every escalation in the Middle East (without fail) jacks up oil prices. A war in Europe will almost certainly mean another oil shock, with grim implications for the world economy and Biden’s political chances. (Photo of Kazakh oil-field via Wikimedia Commons)

Planet Watch

Ukraine war’s fallout on global wheat supplies

One knock-on effect of the war in Ukraine has been a jump in the global price of wheat—to its highest level since 2008. Russia and Ukraine account for a third of the world wheat supply, and Ukraine’s most productive regions lie in the path of the conflict. If Ukrainian wheat is taken off the market, or ports are badly damaged, prices could possibly double. That would especially hurt the Middle East and North Africa—but also places as far afield as Bangladesh and Nigeria, which are major importers of Russian and Ukrainian wheat. The real test for the world supply will be the next harvest in four months’ time. If Western sanctions target Russian production—or Moscow responds to pressure by squeezing supplies—then shortages could really bite, potentially worsening global huger. (Image: Wikimedia Commons)

Planet Watch

Podcast: against ‘normalcy’ III

In Episode 107 of the CounterVortex podcast, Bill Weinberg continues his rant against the ubiquitous propaganda that normalizes the oppressive and dystopian pre-pandemic normality—or, as it is now incorrectly rendered, “normalcy” (sic). The opportunity for a crash conversion from fossil fuels that was posed by 2020’s pandemic-induced economic paralysis is now being squandered. The fashionable COVID denialism of the anti-vaxxers is ironically complicit in the actual crimes of the pharmaceutical industry, such as the instating of a “vaccine apartheid“—failing to make the vaccine available to Africa and the much of the Global South. Just at the moment that socialist ideas are being legitimized in mainstream discourse again, the drum-beat for “normalcy” (sic) means less pressure for an urgently mandated public expropriation of corporate cyber-overlords such as Verizon, as well as Big Pharma and Big Oil. Meanwhile, consumerist and technocratic pseudo-solutions, such as the bogus notion of reducing one’s personal “carbon footprint,” obscure the systemic nature of the problem. Listen on SoundCloud or via Patreon. (Photo: IBEW)

Inner Asia

Kazakhstan president asks Russia to help quash uprising

Kazakhstan’s President Kasym-Jomart Tokayev called participants in the protests that have swept the Central Asian nation “terrorists,” accusing them of attempting to undermine his government at the behest of foreign powers. After concessions such as a cabinet purge and instating fuel-price controls failed to quell the uprising, Tokayev quickly unleashed harsh repression. Declaring a state of emergency, he flooded the streets with riot police and pledged to “conduct counter-terrorist operations.” He also called on Russia and the other members of the Collective Security Treaty Organization (CSTO) to come to the defense of his regime. The CSTO has agreed to send “peacekeepers” to Kazakhstan. (Photo via Wikipedia)