crisis of capitalism
Iran: uprising against austerity —and clerical rule?
A wave of protests across Iranian cities began as a response to inflation and economic pain, but shows signs of escalating to a popular repudiation of clerical rule. Spontaneous protests first broke out Dec. 28 in the northeast city of Mashhad, where security forces responded with tear-gas and water cannons. Since then, protests have been reported from Kermanshah and Hamadan in the west, Rasht and Sari in the north, Ahvaz in the southwest, and Qom and Isfahan in central Iran. Arrests are also reported from the capital, Tehran, where a group of demonstrators attempted to occupy a public square. Protests began with the slogan "Death to high prices!" But as repression mounted, demonstrators began chanting "Death to the dictator," in apparent reference to President Hassan Rouhani and the ruling mullahs.
Popular protests rock Iraqi Kurdistan
Thousands took to the streets across Iraq's autonomous Kurdish region Dec. 18 to protest budget cuts and the lack of basic services, in what is looking like a popular uprising as street clashes now enter their second day. At least six were killed Dec. 19 in Raniya, Sulaymaniyah province, as security forces fired on protesting civil servants, who have gone without pay for weeks. Demonstrators are demanding the resignation of the Kurdistan Regional Government (KRG) administration. A group of protesters armed with assault rifles attacked the local office of the KRG's ruling Kurdistan Democratic Party (KDP) in Raniya, where a curfew has now been imposed. KRG authorities have also taken measures against the press, ordering closed independent Nalia Radio & Television (NRT), and arresting its owner Shaswar Abdulwahid, for allegedly inciting the protests. The KRG has been under a severe financial crunch since Baghdad cut off funding to the region over its unilateral referendum on independence in September. (BasNews, BasNews, BasNews, BasNews, Arab News, CNN)
Argentina: WTO meet collapses amid labor unrest
The 11th Ministerial Conference of the World Trade Organization (WTO) was held this week in Buenos Aires, marked by internal discord within the venue and angry protests in the streets. Inside, talks collapsed before any new agreement could be reached. Outside, demonstrators from groups including the Left Front and Front of Organizations in Struggle (FOL) clashed with police, resulting in six arrests. The conference also came amid ongoing protests in Buenos Aires against President Mauricio Macri's proposed legislation that would take money from workers' pensions to close Argentina's fiscal deficit. The bill passed the Senate last month, but the lower-house Chamber of Deputies suspended the vote on Dec. 14 when the floor debate degenerated into shouting matches. Street mobilizations against the package repeatedly turned violent, with riot police massively deployed and tear-gas and rubber bullets used on protesters. Argentina's main trade union alliance, the General Confederation of Labor (CGT), has threatened to call a general strike if the legislation moves ahead. (Reuters, AFP, La Jornada, Mexico, Dec. 15; Reuters, La Jornada, La Nación, Buenos Aires, Dec. 14; Télam, TeleSur, TeleSur, Dec. 13; La Nación, Dec. 12; AFP, Dec. 11)
Oil prices surge: vindication is tedious
Well, we hate to say "We told you so," but... We told you so. We've been told for the past several years now that the depressed oil prices were permanent, that thanks to fracking and the surge in US domestic production, the price was now immune to Middle East instability, dramatic spikes and "oil shocks" forever banished. Well, futures for Brent crude just hit $63.37 per barrel, with the spot price for West Texas Intermediate at $57.34. (Panorama.am, Investing.com) Creeping toward the $100 per barrel we were so recently assured was a thing of the past. OilPrice.com blames Trump's announcement that the US will move its embassy in Israel to Jerusalem, which has of course unleashed unrest in the Palestinian territories and instability fears across the Middle East. But the jump really began almost exactly a month ago, seemingly prompted by the leadership purge in Saudi Arabia. That brought the Brent crude price up to $62, its highest level since July 2015. (The Guardian, Nov. 6)
Venezuela drops petro-dollar: how meaningful?
The government of Venezuela, under growing pressure from US sanctions, is telling oil traders that it will no longer receive or send payments in dollars, Dow Jones reported Sept. 13. Oil traders who export Venezuelan crude or import oil products into the country have begun converting their invoices to euros. The state oil company Petróleos de Venezuela SA (PdVSA), has instructed its private joint venture partners to convert existing cash holdings into euros. Plugging the switch, Venezuela-based state media outlet TeleSur writes: "The petrodollar is more important for US global domination than either arms exports or Hollywood culture, because it allows the US to be the biggest exporter of the dollar bills the rest of the world needs to be able to buy oil. Venezuela has decided to start de-dollarizing its economy."
Venezuela: is the problem really 'socialism'?
There is an unseemly tone of gloating to conservative commentary on the crisis in Venezuela, with pundits calling out their opposite numbers on the left for their cheerleading for the regime and pointing to the current chaos as evidence that "socialism" doesn't work. Indeed, many left-wing commentators deserve to be called out for their uncritical attitude toward the late Hugo Chávez and his mediocre successor Nicolás Maduro. But a case can be made that, contrary to conservative and mainstream assumptions, the problem is precisely that the Bolivarian Revolution has been insufficiently revolutionary and socialist.
Trump risking war with Mexico for useless wall?
The planned meeting in Washington between President Trump and his Mexican counterpart, Enrique Peña Nieto, was called off after Trump signed his Jan. 25 executive order decreeing construction of a wall on the border—accompanied with more bluster about how Mexico will pay for it. Since the cancelation, Trump and Peña Nieto have engaged in an unseemly Twitter war, each taking responsibility for calling off the meeting. Things got worse when the White House raised the option of making Mexico pay for the wall with a 20% tariff on all goods coming in from our southern neighbor. The threat portends a trade war with the United States' third biggest trading partner.
Trump's Red-Brown alliance: don't take the bait!
Rep. Tulsi Gabbard was in the news last week, as she traveled to Syria to meet with genocidal dictator Bashar Assad, part of an entourage that included unsavory figures from the fascistic Syrian Social Nationalist Party. The right-wing Liberty Conservative defends the trip, writing: "Why Tulsi Gabbard’s Visit To Syria Was The Right Thing To Do." The Observer, owned by Trump's top advisor and son-in-law Jared Kushner, also cheers on the Gabbard-Assad meet, under a headline that could be lifted from just about any lefty anti-war website: "War Hawks Jump on Progressives to Push for Intervention in Syria." Likewise providing gushy coverage of Tulsi's lovefest with the accused war criminal are Russian state propaganda organ RT, which hails her for sparking "outrage" in the DC "establishment," and the borderline fake news sites popular on the "left," MintPress and Global Research.

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