The Egyptian revolution has taken a new turn in the last few days. The ruling Military Council (SCAF) has launched a number of very serious attacks on the revolution. The military police can now arrest civilians at will and parliament has been dissolved. The generals have also announced additions to the Constitutional Declaration of March 2011 which give them virtually unlimited powers. What was supposed to have been the first democratic presidential elections in the history of the country has ended in a farce and a power struggle between two rival factions of the Egyptian bourgeoisie: The Muslim Brotherhood and the Armed Forces.
A spectre is haunting Europe – the spectre of capitalist crisis. Events are moving at lightning speed. This slow-motion train wreck has suddenly speeded up. Each day we come closer to a Greek default and its exit from the euro. Squeezed by foreign bankers, demanding their pound of flesh, ordinary Greek people are being pushed to the limit. They are being reduced to a state of wretchedness and indignity.
The elections in France and Greece represent a fundamental change in the situation. The crisis of European capitalism has entered a new and turbulent stage. A mood of anger is sweeping across Europe. Of course, we understand that election results do not reflect the psychology of the masses with complete accuracy. They are like a snapshot of the mood at a given moment. But it is necessary to analyse election results carefully, since they do show certain trends in society.
The defeat of Nicolas Sarkozy in the presidential elections opens a new phase of the class struggle in France. The socialist candidate, François Hollande, won 51.62 % of the vote. However, this overall score tends to conceal the social basis of the election result. Practically all the major towns and cities voted massively for Hollande – or, to be closer to the truth, to get rid of Sarkozy.