Tag: economy

Anti-War/Anti-Imperialism, BRICS

BRICS Pay: Dawn of a New Financial Era?

31-01-2026: Ever since World War II, the flow of global finance has largely been controlled by Western led institutions and the SWIFT (Society for Worldwide Interbank Financial Telecommunication) network, which connects over 11 000 banks in over 200 countries,[1] under the influence of the United States of America (US) and the main powers of the European Union (EU). However, in 2022, the Russian Federation was … Continue reading BRICS Pay: Dawn of a New Financial Era?

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BRICS, climate, Indonesia

Amidst Western Decay, the 17th BRICS Summit Convenes in Rio De Janeiro

12-07-2025: In a world beset with seemingly intractable problems, the 17th Summit of the BRICS bloc in Rio De Janeiro comes as somewhat of a welcome relief. With the traditional Western colonial powers increasingly losing the preeminent position they held for 500 years, and especially the decline of the USA (United States of America) as the unipolar hegemon, a new multipolar world is rising to … Continue reading Amidst Western Decay, the 17th BRICS Summit Convenes in Rio De Janeiro

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Cost of Living, People's Republic of China, USA

Tariff Madness: Burning Down The House

(Article was current at the time of writing. Since then, the US government has dramatically increased tariffs on imported goods from China, and China has increased tariffs on imported goods from the US.)  13-04-2025: US President Donald Trump’s April 2 “Liberation Day” triggered immediate stock market slumps across Asia, Europe and America itself.[1] These markets may stabilise in weeks to come, but international turbulence will … Continue reading Tariff Madness: Burning Down The House

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Anti-War/Anti-Imperialism, BRICS

Declaration on the Occasion of the Trump Inauguration

(We reprint below a statement of the International Revolutionary Committee. To find out more, or to become involved, please contact: workersleague@protonmail.com) International Revolutionary Committee (IRC) – January 20, 2025 The world faces contradictory trends at the start of 2025, our people suffering horrific scourges, but, at the same time there are indications that humanity will find a way forward out of this current impasse. The … Continue reading Declaration on the Occasion of the Trump Inauguration

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BRICS, People's Republic of China, Russia

BRICS Expands to Cover Almost Half of the World’s Population

04-01-2025: The first of January 2025 saw another expansion of the BRICS economic-political alliance following on from its most successful summit in October 2024. The nine member BRICS bloc (Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, United Arab Emirates) has now officially welcomed nine new partner nations, these being: Belarus, Bolivia, Cuba, Indonesia, Kazakhstan, Malaysia, Thailand, Uganda and Uzbekistan. The combined populations of … Continue reading BRICS Expands to Cover Almost Half of the World’s Population

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BRICS, Indonesia, Iran, Left Debates, People's Republic of China, Russia

Groundbreaking BRICS Summit Marks a New Era

21-10-2024: The BRICS Summit in the Russian Tatarstan capital of Kazan from October 22 to 24[1] is set to break new ground in the advance of the bloc, and potentially marks a new era in international history. Perhaps a new name needs to be coined for the BRICS alliance, given that its membership has expanded well past the five original members of Brazil, Russia, India, … Continue reading Groundbreaking BRICS Summit Marks a New Era

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Anti-War/Anti-Imperialism, BRICS

BRICS Rises, G7 Decomposes

24-06-2024: It was an uninspiring spectacle. The G7 (Group of 7 – USA, UK, France, Germany, Italy, Japan, Canada) meeting in Apulia from June 13 to 15 was almost entirely devoid of meaning and appeared to portray the end of an empire. The G7 advanced and industrialised countries, birthed in the early 1970s, at that time accounted for more than 60% of world Gross Domestic … Continue reading BRICS Rises, G7 Decomposes

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Anti-War/Anti-Imperialism, Australia, Papua New Guinea

Canberra Uses Football to Counter China’s Power

17-06-2024: The announcement that the Australian federal government will fork out $600 million of taxpayers’ money to fund a National Rugby League (NRL) football team in Papua New Guinea (PNG) came as a shock to many. Social media users responded immediately with comments laced with profanities such as “I love my Rugby League but I want my taxes used on something f***ing useful…education, roads, mental … Continue reading Canberra Uses Football to Counter China’s Power

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Australia, Civil Rights, Cost of Living

Unaffordable Housing in Australia the Tip of the Crisis Iceberg

08-04-2024: Australia’s housing crisis has reached record levels and is becoming notorious internationally. Home ownership, what was once known as “The Great Australian Dream” is now out of reach for millions. The Greens have commissioned data from the parliamentary library which revealed the average borrower would need to earn $164 400 – more than $66 000 above the average income – every year to pay … Continue reading Unaffordable Housing in Australia the Tip of the Crisis Iceberg

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