More than four years on, we know that in 2012 the political fallout was only just beginning. It was in December 2011 that David Cameron reopened the European question by opting out of the new ‘fiscal compact’ drawn up by Angela Merkel and Nicolas Sarkozy with the aim of enforcing budget discipline across the EU. In the US in spring 2012, Mitt Romney emerged as the candidate from the Republican primaries, but the freakshow anticipated the Trump campaign to come. In Italy the ousting of Berlusconi in a backroom coup in November 2011 and the installation of the ‘unpolitical’ economist Mario Monti as prime minister set the stage for the emergence of Beppe Grillo and Five Star in the local elections of May 2012. In France as the fiscal compact began to bite, François Hollande’s presidency was dead almost before it had started.
This week (December 2-10)  the Regional Comprehensive Economic Partnership (RCEP) is being negotiated in Jakarta, Indonesia. If signed, RCEP would grant corporations the exclusive right to bypass domestic legal systems and sue governments at international tribunals whenever they feel government regulation can limit their profits .
On November 8, the most powerful country in world history, which will set its stamp on what comes next, had an election. The outcome placed total control of the government – the executive, Congress, the Supreme Court – in the hands of the Republican Party, the most dangerous organization in world history.
India’s attack was patently illegal and highly provocative. US strategic think tanks frequently refer to disputed Kashmir as the most dangerous “nuclear flashpoint” in the world. Yet American officials have studiously avoided making any criticism of India, a “global strategic partner” of US imperialism and pillar of its military-strategic offensive against China.
On Friday the 2nd of September 2016 the biggest single strike action in world history took place in India. As many as between 150 and 180 million workers took part in the All India Strike around a 12 point charter of demands put forward by the Central Trade Unions. These included a raise to the minimum wage and pension for all workers, an end to privatization of
Indian Defence Minister Manohar Parrikar and his US counterpart, Ashton Carter, announced Monday that they have signed an agreement that gives US combat planes and warships and their personnel routine access to Indian military bases for resupply, repairs, and rest. The India-US Logistics Exchange Memorandum of Agreement (LEMOA) also allows the Pentagon
The process of globalization is in retreat. The latest victim of the global economic slowdown is international trade: after tumultuous growth in the last 26 years, disrupted only temporarily by the financial crisis of 2008-2009, the estimated volume of goods and services traded globally has been stalled for more than 18 months around $13 trillion. So