Canadian Prime Minister Justin Trudeau (L) talks with EU Council President Donald Tusk during the signing ceremony of the Comprehensive Economic and Trade Agreement (CETA), at the European Council in Brussels, on October 30, 2016.
The EU and Canada finally signed a landmark free trade deal seven years in the making on October 30, 2016, after overcoming last-minute resistance from a small Belgian region that nearly torpedoed the entire agreement. CETA removes 99 percent of customs duties between the two sides, linking the single EU market of 28 nations with the world's 10th largest economy. / AFP / POOL / FRANCOIS LENOIR        (Photo credit should read FRANCOIS LENOIR/AFP/Getty Images)

Canada-EU trade pact still not a done deal

By Y. FIKRET KAYALI The Canada-European Union Comprehensive Economic and Trade Agreement, barely rescued from the grave, may yet prove to be one of the walking-dead. The signature of Prime Minister Justin Trudeau and those of his European counterparts on the document are, at this point, merely ceremonial. Before implementation, ratification votes must be held in Ottawa and…

dec-2016-trump-protest

Trump promises more perks for big business

By MARK UGOLINI Events surrounding the Nov. 8 presidential election confirm the depth of the crisis that U.S. capitalist rulers find themselves in. We’ve seen growing turmoil and major divisions between and within both major parties. The two-party system, for years a stable bulwark of U.S. capitalism, has been exhibiting signs of distress. The transition…

April 2016 Hartford

Connecticut march protests austerity budget

By CHRISTINE MARIE — HARTFORD — On April 4, nearly 1000 union workers, community organizations, Fight for Fifteen activists, and allies organized as the Democracy, Unity and Equality Coalition marched on the Connecticut state legislature to protest two austerity budgets in front of the representatives.

Film: Battleground of home foreclosures

By GAETANA CALDWELL-SMITH “99 Homes,” a film with Michael Shannon, Andrew Garfield, and Laura Dern. Written and directed by Rahmin Bahrani. “99 Homes,” set in Florida, is an excellent socio-economic film that could have been a documentary. I’m glad it isn’t. It is a well-acted, powerful drama based on the 2007-9 economic collapse, when banks…

China’s slide exposes world capitalist crisis

By GARY BILLS and JEFF MACKLER Federal Reserve chair Janet Yellen announced in mid-September that interest rates charged to U.S. banks would once again remain unchanged—close to zero. She also expressed concerns about the still “weak U.S. recovery” since the disastrous collapse beginning in 2008 that shook financial markets and caused unprecedented harm to working…

Syriza wins, Greek workers lose

By MARTY GOODMAN  The Sept. 20 Greek national election, held in a rush, resulted in the reelection of the Syriza party’s Prime Minister Alexis Tsipras. The election occurred merely 30 days after its announcement. It was timed cynically to take place before the onset of a new wave of punishing austerity conditions—the worst ever—agreed to…

How capitalism blunts social reforms

By JOE AUCIELLO Every four years the presidential election season sprouts another set of politicians singing songs of social reform, a chorus as predictable as carolers at Christmas. Winter voices ring with words of cheer: “Peace on earth, good will to men”—words as routine and meaningless as any campaign promise of “hope and change” or…

Greece 2015: Lessons of the defeat

By JEFF MACKLER The classic definition of Greek tragedy from the times of Aeschylus, Sophocles, and Euripides 2500 years ago applies with a vengeance today. The Greek working masses have suffered a terrible defeat at the hands of Europe’s imperial economic and political powers—tragically, with the full complicity of the reformist, that is, pro-capitalist, Syriza…

Interview with Greek socialist

As we go to press, on Sunday, July 12, Greece’s Syriza government has just submitted a new proposal to EU leaders and financial institutions that contains significant concessions to their demands for austerity. This proposal follows by days the referendum vote by the Greek people that strongly rejected any further austerity measures. As background to…

Greece votes against austerity

By OKDE-SPARTACOS The class struggle has sharply intensified in Greece since June 27, when Greek Prime Minister and Syriza Party leader Alexis Tsipras called on the people to vote NO in a referendum against blackmail and humiliation by Greece’s capitalist creditors. On Sunday, July 5, nearly 62% voted NO, and only about 38% voted YES.…

Greece: NO! End the negotiations

By OKDE-Spartacos — ATHENS, June 28 — The Greek government, despite its persistent efforts, failed to win the confidence of the institutions (EU, IMF) and the favor or the hegemonic bourgeois classes of Europe. The vows of loyalty to the repayment of the debt “fully and timely” and the renunciation of unilateral actions, as well…

TPPA: Capitalism at its predatory best

BY JEFF MACKLER  President Obama was granted “Fast Track” authority by Congress on June 24, thus clearing the way to rapid passage of the Trans-Pacific Partnership Agreement (TPPA). The TPPA has been 10 years in the making, including the last six under the aegis of the Obama administration. The agreement, written in secret by some 600 top corporate…

Greece: Class struggle has no intervals

Statement by OKDE-Spartacos (Greek section of the Fourth International) 1) Αll hopes that the working class can get rid of austerity by voting and electing a “government of the left” collapsed very soon. SYRIZA won the election and formed a government. Not a government of the left, of course, but a collaboration government along with…

Capitalism versus the climate

By BARRY WEISLEDER  The following presentation was given by Socialist Action (Canada) National Federal Secretary Barry Weisleder at the SA educational conference at the University of Toronto, May 22-23. “This Changes Everything” is the theme of this conference. But what exactly does it mean? Firstly, there are the obvious signs of dramatic environmental change. Sea…

April 15: Huge protest by low-wage workers

By BILL ONASCH  “Largest Protest By Low Wage Workers In US History.” That was the Guardian headline above a perceptive story about the 4/15 4 15 actions by Steven Greenhouse and Jana Kasperkevic. They wrote, “Some 60,000 workers took part in the Fight for $15 demonstrations. … The demonstrations were the latest in a series…

Will SYRIZA fight the Euro-bank bully?

By MARTY GOODMAN  On election day, Jan. 25, working people in Greece stood up to the bloodsucking European banks and said, “No more!” The 36.3% vote for the SYRIZA (Coalition of the Radical Left) party made it the highest vote getter in a crowded field. For the first time in many decades, an ostensibly anti-capitalist…

Climate change demands a radical solution

BY EVAN ENGERING “This Changes Everything: Capitalism vs. The Climate”, by Naomi Klein, 566 pages, Knopf Canada, September, 2014. The latest book of Naomi Klein, the influential Toronto-based journalist, author, and activist, may live up to its ambitious title, “This Changes Everything.” In it, Klein turns her thorough, eye-opening brand of investigative journalism to the…

Obama’s lame duck quackery

 By BILL ONASCH The annual ritual of President Obama’s State of the Union address to Congress (SOTU), required by law and custom, comes without any mandate for action. It has evolved into Reality TV viewed by tens of millions—but with less lasting impact than the style decrees of Fashion Police. It is one component of…