Battaglia Comunista

Since the 2008 economic crisis, the ballooning global debt has increased from $20 trillion to over $240 trillion. With this exponential growth of indebtedness and an unresolvable crisis of accumulation, capitalism is losing its grip. The effects of this crisis are felt no more clearly than within the maquiladora sweatshops on the northern border of Mexico. Here sub-assemblies are pieced together for the struggling US automobile industry north of the Rio Grande.

The world economy is in poor shape and the American economy is in even worse condition. The 2008 crisis has not been resolved and many analysts fear a new financial explosion. Capital continues to stay clear of investment in production and is trying to recover without running up more debts. Company returns are low, profit rates are decreasing. Capital is moving more and more into speculation. It is the same old situation, except that the rescue costs of the previous crisis cannot be repeated in the next crisis. The sound of war can be heard in the distance, accompanied by the rising threat of a new, catastrophic barbarism.

An Italian comrade takes a sardonic look at the latest abasement of so-called “academic Marxists” at the feet of the new imperialist order à la chinois.

The new populist “government of change” made up of the anti-European Five Star Movement and the racist Lega (The League, formerly the Lega Nord or Northern League) has begun to adopt some of the same empty rhetoric of the past. Their target is not much different from the fascist anti-semitism of the past. Whilst their main guns are today trained at the EU they also point to the nefarious activities of “financiers like Soros”. George Soros is of course the target of the anti-semitic campaign of Orbans in Hungary. According to these “populists” the problem is not capitalism but only some aspects of it.