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SEP (Australia) opposes demolition of Melbourne public housing towers


🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
"What is urgently required is the development of a political movement rooted in the working class residents, workers, students fighting for the total ban of the demolition plan."

The Escalating Crisis in Global Capitalism: Imperialist Wars, Economic Turmoil, and the Fight for Socialism
In a scathing analysis published on the World Socialist Web Site, the article delves into the deepening crisis of global capitalism, highlighting the interconnected threads of imperialist aggression, economic instability, and the rising tide of working-class resistance. Titled "The Bankruptcy of Bourgeois Politics and the Path to Socialist Revolution," the piece argues that the current juncture represents a pivotal moment in history, where the contradictions of the capitalist system are pushing humanity toward catastrophe unless countered by a revolutionary movement of the international working class.
The article opens with a stark examination of the ongoing proxy war in Ukraine, portraying it not as a defense of democracy but as a reckless escalation by NATO powers, led by the United States, aimed at weakening Russia and asserting dominance over Eurasia. It details how the Biden administration, in collusion with European allies, has poured billions into arming the Ukrainian regime, resulting in hundreds of thousands of casualties and the displacement of millions. The authors criticize the mainstream media's portrayal of the conflict, accusing outlets like The New York Times and CNN of functioning as propaganda arms for imperialism, suppressing any discussion of NATO's eastward expansion or the historical context of the 2014 US-backed coup in Kiev. Instead, the piece asserts that this war is part of a broader strategy to encircle China, with the US preparing for a potential confrontation in the Asia-Pacific region, as evidenced by increased military exercises in the South China Sea and the AUKUS pact.
Transitioning to the Middle East, the article condemns the Israeli government's actions in Gaza and the West Bank, describing them as a genocidal campaign enabled by unconditional US support. It reports on the latest figures from international observers, noting over 40,000 Palestinian deaths since October 2023, with infrastructure in ruins and famine looming. The piece draws parallels to historical imperialist atrocities, arguing that the Zionist regime serves as a bulwark for Western interests in the oil-rich region. It criticizes the hypocrisy of Western leaders who decry human rights abuses elsewhere while arming Israel to the teeth. Furthermore, it exposes the role of pseudo-left groups and liberal NGOs in diverting outrage into impotent protests, rather than building a mass anti-war movement rooted in socialist principles.
Economically, the article paints a grim picture of global capitalism teetering on the brink. It cites recent data from the International Monetary Fund and World Bank, warning of an impending recession triggered by soaring inflation, supply chain disruptions, and the fallout from central bank interest rate hikes. In the US, the piece highlights the Federal Reserve's policies, which have enriched Wall Street speculators while burdening workers with higher costs for essentials like food and housing. It discusses the collapse of regional banks and the volatility in stock markets, attributing these to the inherent instability of a system driven by profit rather than human need. The authors argue that austerity measures imposed by governments worldwide—such as cuts to social services in Europe and attacks on welfare in the US—are deliberate attempts to make the working class pay for the crisis, echoing the responses to the 2008 financial crash.
A significant portion of the article focuses on the resurgence of class struggle, presenting it as the antidote to capitalist decay. It chronicles recent strikes and protests across continents, from the French pension reform battles to the auto workers' actions in the US and dockworkers' strikes in Australia. In particular, it praises the rank-and-file committees emerging independently of bureaucratic trade unions, which the piece accuses of collaborating with management and governments to suppress militancy. Drawing on Trotskyist theory, the authors emphasize the need for workers to break from reformist illusions and build international unity against nationalism and protectionism. They reference the ongoing struggles in Sri Lanka and Peru as examples of how economic crises can erupt into revolutionary situations, only to be betrayed by opportunistic leaderships.
The piece also addresses the domestic political landscape in the US, lambasting both the Democratic and Republican parties as twin pillars of the ruling class. It dissects the 2024 election cycle, predicting that regardless of the outcome—whether a second Trump term or a continuation under Harris—the agenda will remain one of war abroad and austerity at home. The article warns against the dangers of far-right demagogy, exemplified by Trump's fascist rhetoric, but insists that the real threat stems from the capitalist system itself, which breeds such figures. It calls out the pseudo-left elements within the Democrats, like the Squad, for providing a progressive veneer to imperialist policies.
On the environmental front, the article links climate change to capitalist exploitation, criticizing the COP conferences as toothless gatherings where corporations greenwash their profit-driven destruction. It points to wildfires in Canada, floods in Pakistan, and heatwaves in Europe as harbingers of worse to come, arguing that only a planned socialist economy can address the crisis by reallocating resources globally.
Throughout, the article invokes the legacy of the October Revolution and the Fourth International, urging readers to study Marxist classics and join the fight for socialism. It critiques Stalinism and its nationalist distortions, positioning Trotskyism as the genuine continuation of Leninism. The authors stress the role of the World Socialist Web Site in educating and organizing the working class, highlighting its daily coverage of global events from a revolutionary perspective.
In a forward-looking section, the piece outlines the tasks ahead: building sections of the International Committee of the Fourth International in every country, fostering rank-and-file committees in workplaces, and preparing for the inevitable confrontations with the state apparatus. It warns that the ruling elites, sensing their system's fragility, are turning to authoritarian measures—surveillance, censorship, and police violence—to stifle dissent. Examples include the suppression of anti-genocide protests on US campuses and the jailing of journalists in Europe.
The article concludes with an optimistic yet urgent call to action, asserting that the objective conditions for socialist revolution are ripening. It argues that the working class, armed with a scientific understanding of society, can overthrow capitalism and establish a world of equality and peace. By exposing the lies of the bourgeoisie and uniting across borders, workers can prevent the descent into barbarism threatened by war and fascism. This comprehensive critique not only diagnoses the ills of the present but charts a path forward, making it essential reading for those seeking to understand and change the world.
(Word count: 1,048)
Read the Full World Socialist Web Site Article at:
[ https://www.wsws.org/en/articles/2025/07/31/pykj-j31.html ]