When the current crisis began, there were some who painted it as simply a Western crisis; a crisis that was unique to Europe – due to problems caused by its common currency – and America – due to its sub-prime mortgage scandal and ensuing credit crunch.
The war drums in Washington are beating their macabre tune out loud, announcing an imminent US attack on Syria. In the UK, the faithful squire, Cameron, is willingly echoing the call. Parliament is expected to back the military option in an emergency meeting convened for Thursday, August 29th. Direct imperialist intervention marks a fundamental change in the situation in Syria after the spiralling sectarian civil war had wiped away the revolutionary potential of the anti-regime protests sparked in January 2011 by the events of the Arab spring.
Since the 2008 financial crisis there has been no respite for world capitalism. Its crisis has been deepening on a daily basis. The European Union, the world second largest economy is back in recession. Stocks and bonds have fallen sharply across world capitals.
Morsi has fallen. The magnificent movement of the masses has once more shown to the entire world the authentic face of the Egyptian people. It shows that the Revolution, which many even on the Left believed to have stalled, still possesses immense social reserves.
The cat-and-mouse game between piracy supporters on the one hand and state authorities and major multinational companies on the other is heating up. The recent spate of persecution of websites and individuals involved in piracy opens up a new phase.