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Europe Solidaire Sans Frontières

    • Issues
      • Health (Issues)
        • Epidemics, pandemics (health, Issues)
          • AIDS / HIV (Health)
          • Dengue (epidemics, health)
          • Mpox / Monkeypox (epidemics, health)
          • Poliomyelitis (epidemics, health)
          • Respiratory viral infections (epidemics, health)
          • Tuberculosis (epidemics, health)
        • Health and Climate crisis
        • Tobacco (health)
      • Individuals
        • Franz Fanon
        • Michael Löwy
      • Solidarity
        • Solidarity: ESSF campaigns
          • ESSF financial solidarity – Global balance sheets
          • Funds (ESSF)
          • Global Appeals
          • Bangladesh (ESSF)
          • Burma, Myanmar (ESSF)
          • Indonesia (ESSF)
          • Japan (ESSF)
          • Malaysia (ESSF)
          • Nepal (ESSF)
          • Pakistan (ESSF)
          • Philippines (ESSF)
        • Solidarity: Geo-politics of Humanitarian Relief
        • Solidarity: Humanitarian and development CSOs
        • Solidarity: Humanitarian Disasters
        • Solidarity: Humanitarian response: methodologies and principles
        • Solidarity: Political economy of disaster
      • Capitalism & globalisation
        • History (Capitalism)
      • Civilisation & identities
        • Civilisation & Identities: unity, equality
      • Ecology (Theory)
        • Global Crisis / Polycrisis (ecology)
        • Growth / Degrowth (Ecology)
        • Animals’ Condition (Ecology)
        • Biodiversity (Ecology)
        • Climate (Ecology)
        • Commodity (Ecology)
        • Ecology, technology: Transport
        • Energy (Ecology)
        • Energy (nuclear) (Ecology)
          • Chernobyl (Ecology)
        • Forests (ecology)
        • Technology (Ecology)
        • Water (Ecology)
      • Agriculture
        • GMO & co. (Agriculture)
      • Commons
      • Communication and politics, Media, Social Networks
      • Culture and Politics
        • Sinéad O’Connor
      • Democracy
      • Development
        • Demography (Development)
        • Extractivism (Development)
        • Growth and Degrowth (Development)
      • Education (Theory)
      • Faith, religious authorities, secularism
        • Family, women (Religion, churches, secularism)
          • Religion, churches, secularism: Reproductive rights
        • Abused Children (Religion, churches, secularism)
        • Blasphemy (Faith, religious authorities, secularism)
        • Creationism (Religion, churches, secularism)
        • History (Religion, churches, secularism)
        • LGBT+ (Religion, churches, secularism)
        • Liberation Theology
          • Gustavo Gutiérrez
        • Marxism (Religion, churches, secularism)
        • Political Islam, Islamism (Religion, churches, secularism)
        • Secularism, laïcity
        • The veil (faith, religious authorities, secularism)
        • Vatican
          • Francis / Jorge Mario Bergoglio
      • Fascism, extreme right
      • Gender: Women
      • History
        • History: E. P. Thompson
      • Imperialism (theory)
      • Information Technology (IT)
      • Internationalism (issues)
        • Solidarity: Pandemics, epidemics (health, internationalism)
      • Jewish Question
        • History (Jewish Question)
      • Labor & Social Movements
      • Language
      • Law
        • Exceptional powers (Law)
        • Religious arbitration forums (Law)
        • Rules of war
        • War crimes, genocide (international law)
        • Women, family (Law)
      • LGBT+ (Theory)
      • Marxism & co.
        • Theory (Marxism & co.)
        • Postcolonial Studies / Postcolonialism (Marxism & co.)
        • Identity Politics (Marxism & co.)
        • Intersectionality (Marxism & co.)
        • Marxism and Ecology
        • Africa (Marxism)
        • France (Marxism)
        • Karl Marx & Friedrich Engels
      • National Question
      • Oceans (Issues)
      • Parties: Theory and Conceptions
      • Patriarchy, family, feminism
        • Ecofeminism (Patriarchy, family, feminism)
        • Fashion, cosmetic (Patriarchy, family, feminism)
        • Feminism & capitalism (Patriarchy, family, feminism)
        • Language (Patriarchy, family, feminism)
        • Prostitution (Patriarchy, family, feminism)
        • Reproductive Rights (Patriarchy, family, feminism)
        • Violence against women (Patriarchy, family, feminism)
        • Women and Health ( (Patriarchy, family, feminism)
        • Women, work (Patriarchy, family, feminism)
      • Political Strategy
      • Politics: Bibliographies
      • Politics: International Institutions
      • Psychology and politics
      • Racism, xenophobia, differentialism
      • Science and politics
        • Michael Burawoy
      • Sciences & Knowledge
        • Artificial Intelligence
        • Physics (science)
      • Sexuality
      • Social Formation, classes, political regime, ideology
        • Populism (Political regime, ideology)
      • Sport and politics
      • The role of the political
      • Transition: before imperialism
      • Transitional Societies (modern), socialism
      • Wars, conflicts, violences
      • Working Class, Wage labor, income, organizing
    • Movements
      • Analysis & Debates (Movements)
        • Epidemics, pandemics (Movements)
        • History of people’s movements (Movements)
      • Asia (Movements)
        • Globalization (Movements, Asia) (Movements)
        • APISC (Movements, Asia)
        • Asian Social Forum (Movements, Asia)
        • Asian Social Movements (Movements, Asia)
        • Counter-Summits (Movements, Asia)
        • Free Trade (Movements, Asia)
        • IIRE Manila (Movements, Asia)
        • In Asean (Movements, Asia)
        • People’s SAARC / SAAPE (Movements, Asia)
        • Social Protection Campaigns (Movements, Asia)
        • The Milk Tea Alliance
        • Women (Asia, movements)
      • World level (Movements)
        • Feminist Movements
          • Against Fundamentalisms (Feminist Movements)
          • Epidemics / Pandemics (Feminist Movements, health)
          • History of Women’s Movements
          • Rural, peasant (Feminist Movements)
          • World March of Women (Feminist Movements)
        • Anti-fascism Movements (international)
        • Asia-Europe People’s Forums (AEPF) (Movements)
        • Ecosocialist Networks (Movements, World)
        • Indignants (Movements)
        • Intercoll (Movements, World)
        • Internationals (socialist, communist, revolutionary) (Movements, World)
          • International (Fourth) (Movements, World)
            • Ernest Mandel
            • Livio Maitan
            • Women (Fourth International)
            • Youth (Fourth International)
          • International (Second) (1889-1914) (Movements, World)
          • International (Third) (Movements, World)
            • Baku Congress (1920)
            • Communist Cooperatives (Comintern)
            • Krestintern: Comintern’s Peasant International
            • Red Sport International (Sportintern) (Comintern)
            • The Communist Youth International (Comintern)
            • The Red International of Labour Unions (RILU) (Comintern)
            • The ‘International Workers Aid’ (IWA / MRP)
            • Women (Comintern)
        • Internet, Hacktivism (Movements, World)
        • Labor & TUs (Movements, World)
          • Epidemics, pandemics (TUs, international) (Movements, World)
        • Radical Left (Movements, World)
          • IIRE (Movements, World)
          • Movements: Sal Santen (obituary)
          • Radical Parties’ Network (Movements, World)
        • Social Movements Network (Movements, World)
        • World Days of Action (Movements)
        • World Social Forum (Movements)
      • Africa (Movements)
        • Forum of the People (Movements)
      • America (N&S) (Movements)
        • Latin America (Mouvments)
        • US Social Forum (Movements)
      • Europe (Movements)
        • Alter Summit (Movements, Europe)
        • Anti-Austerity/Debt NetworksAlter Summit (Movements, Europe)
        • Anti-G8/G20 in EuropeAlter Summit (Movements)
        • Counter-Summits to the EUAlter Summit (Movements, Europe)
        • Free TradeAlter Summit (Movements, Europe)
        • Movements: European Social Forum
      • Mediterranean (Movements, MEAN)
        • Mediterranean Social Forum (Movements)
        • Political Left (Movements, MEAN)
      • Agriculture & Peasantry (Movements)
        • Women (Movements, Peasantry)
      • Antiwar Struggles (Movements)
        • History of antimilitarism (Movements)
        • Military Bases (Movements)
        • Nuclear Weapon, WMD (Movements)
      • Common Goods & Environment (Movements)
        • Biodiversity (Movements)
        • Climate (Movements)
        • Ecosocialist International Networky (Movements)
        • Nuclear (energy) (Movements)
          • AEPF “No-Nuke” Circle (Movements)
        • Water (Movements)
      • Debt, taxes & Financial Institutions (Movements)
        • IMF (Movements)
        • World Bank (Movements)
      • Health (Movements)
        • Women’s Health (Movements)
        • Asbestos (Movements, health, World)
        • Drugs (Movements, health, World)
        • Epidemics (Movements, health, World)
        • Health & Work (Movements, health, World)
        • Health and social crisis (Movements, health, World)
        • Nuclear (Movements, health, World)
        • Pollution (Movements, health, World)
      • Human Rights & Freedoms (Movements, World)
        • Women’s Rights (Movements, HR)
        • Corporate HR violations (Movements, HR)
        • Disability (Movements, HR)
        • Exceptional Powers (Movements, HR)
        • Justice, law (Movements, HR)
        • Media, Internet (Movements, HR)
        • Non-State Actors (Movements, World)
        • Police, weapons (Movements, HR)
        • Rights of free meeting (Movements, HR)
        • Secret services (Movements, HR)
      • LGBT+ (Movements, World)
      • Parliamentary field (Movements, health, World)
      • Social Rights, Labor (Movements)
        • Reclaim People’s Dignity (Movements)
        • Urban Rights (Movements)
      • TNCs, Trade, WTO (Movements)
        • Cocoa value chain (Movements)
    • World
      • The world today (World)
      • Global Crisis / Polycrisis (World)
      • Global health crises, pandemics (World)
        • Epidemics, pandemics (economic crisis, World)
      • Economy (World)
        • Financial and economic crisis (World)
          • Car industry, transport (World)
        • Technologies (Economy)
      • Extreme right, fascism, fundamentalism (World)
      • History (World)
      • Migrants, refugees (World)
      • Military (World)
      • Terrorism (World)
    • Africa
      • Africa Today
        • ChinAfrica
      • Environment (Africa)
        • Biodiversity (Africa)
      • Religion (Africa)
      • Women (Africa)
      • Economy (Africa)
      • Epidemics, pandemics (Africa)
      • History (Africa)
        • Amilcar Cabral
      • Sahel Region
      • Angola
        • Angola: History
      • Burkina Faso
      • Cameroon
        • Cameroon: LGBT+
      • Capo Verde
      • Central African Republic (CAR)
      • Chad
      • Congo Kinshasa (DRC)
        • Patrice Lumumba
      • Djibouti (Eng)
      • Eritrea
      • Ethiopia
      • Gambia
      • Ghana
        • Epidemics, pandemics (health, Ghana)
        • Ghana: LGBT+
      • Guinea (Conakry)
      • Ivory Coast
      • Kenya
        • History (Kenya)
        • Kenya: WSF 2007
        • Left forces (Kenya)
        • LGBT+ (Kenya)
        • Women (Kenya)
      • Lesotho
      • Liberia
        • Liberia: LGBT+
      • Madagascar
      • Mali
        • Women (Mali)
        • History (Mali)
      • Mauritania
      • Mauritius
        • Women (Mauritius)
      • Mayotte
      • Mozambique
      • Namibia
      • Niger
        • Niger: Nuclear
      • Nigeria
        • Women (Nigeria)
        • Pandemics, epidemics (health, Nigeria)
      • Réunion
      • Rwanda
        • The genocide of the Tutsi in Rwanda
      • Senegal
        • Women (Senegal)
      • Seychelles
      • Sierra Leone
        • Sierra Leone: LGBT+
      • Somalia
        • Women (Somalia)
      • South Africa
        • Epidemics, pandemics (health, South Africa)
        • On the Left (South Africa)
          • David Sanders
          • Mark Thabo Weinberg
          • Nelson Mandela
        • Women (South Africa)
        • Culture (South Africa)
        • Ecology, Environment (South Africa)
        • Economy, social (South Africa)
        • History (Freedom Struggle and first years of ANC government) (South Africa)
          • Steve Biko
        • Institutions, laws (South Africa)
        • Labour, community protests (South Africa)
          • Cosatu (South Africa)
          • SAFTU (South Africa)
        • Land reform and rural issues (South Africa)
        • LGBTQ+ (South Africa)
        • Students (South Africa)
      • South Sudan
        • Ecology (South Sudan)
      • Sudan
        • Women (Sudan)
      • Tanzania
      • Uganda
        • Uganda: LGBT
      • Zambia
      • Zimbabwe
        • Women (Zimbabwe)
    • Americas
      • Ecology (Latin America)
      • Epidemics, pandemics (health, Latin America)
      • History (Latin America)
      • Indigenous People (Latin America)
      • Latin America (Latin America)
      • LGBT+ (Latin America)
      • Migrations (Latin America)
      • Women (Latin America)
      • Amazonia
      • Antilles / West Indies
      • Argentina
        • Diego Maradona
        • Economy (Argentina)
        • History (Argentina)
          • Daniel Pereyra
        • Women (Argentina)
          • Reproductive Rights (Women, Argentina)
      • Bahamas
        • Bahamas: Disasters
      • Bolivia
        • Women (Bolivia)
        • Orlando Gutiérrez
      • Brazil
        • Epidemics, pandemics (health, Brazil)
        • Women (Brazil)
          • Reproductive Rights (Brazil)
        • Ecology (Brazil)
        • Economy (Brazil)
        • History (Brazil)
        • History of the Left (Brazil)
          • Marielle Franco
        • Indigenous People (Brazil)
        • Justice, freedoms (Brazil)
        • Labor (Brazil)
        • LGBT+ (Brazil)
        • Rural (Brazil)
        • World Cup, Olympics, social resistances (Brazil)
      • Canada & Quebec
        • Women (Canada & Quebec)
        • Ecology (Canada & Quebec)
        • Far Right / Extreme Right (Canada, Quebec)
        • Fundamentalism & secularism (Canada & Quebec)
        • Health (Canada & Québec)
          • Pandemics, epidemics (Health, Canada & Québec)
        • History
        • Indigenous People (Canada & Quebec)
        • LGBT+ (Canada & Quebec)
        • On the Left (Canada & Quebec)
          • Biographies (Left, Canada, Quebec)
            • Bernard Rioux
            • Ernest (‘Ernie’) Tate & Jess Mackenzie
            • Leo Panitch
            • Pierre Beaudet
      • Caribbean
      • Chile
        • Women (Chile)
        • Epidemics, pandemics (health, Chile)
        • History (Chile)
          • Marta Harnecker
          • Pinochet Dictatorship
          • Victor Jara
        • LGBT+ (Chile)
        • Natural Disasters (Chile)
      • Colombia
        • Women (Colombia)
          • Reproductive Rights (Columbia)
        • Pandemics, epidemics (Colombia, Health)
      • Costa Rica
      • Cuba
        • Women, gender (Cuba)
        • Ecology (Cuba)
        • Epidemics / Pandemics (health, Cuba)
        • History (Cuba)
          • Che Guevara
            • Che Guevara (obituary)
          • Cuban Revolution (History)
          • Fidel Castro
        • LGBT+ (Cuba)
      • Ecuador
        • Women (Ecuador)
        • Ecology (Ecuador)
        • Humanitarian Disasters (Ecuador)
      • El Salvador
        • Women (El Salvador)
        • El Salvador: Salvadorian Revolution and Counter-Revolution
      • Grenada
      • Guatemala
        • History (Guatemala)
        • Mining (Guatemala)
        • Women (Guatemala)
      • Guiana (French)
      • Haiti
        • Women (Haiti)
        • Haiti: History
        • Haiti: Natural Disasters
      • Honduras
        • Women (Honduras)
        • Berta Cáceres
        • Honduras: History
        • Honduras: LGBT+
        • Juan López (Honduras)
      • Jamaica
      • Mexico
        • Women (Mexico)
        • Disasters (Mexico)
        • Epidemics / Pandemics (health, Mexico)
        • History of people struggles (Mexico)
          • Rosario Ibarra
        • The Left (Mexico)
          • Adolfo Gilly
      • Nicaragua
        • Women (Nicaragua)
        • History (Nicaragua)
          • Fernando Cardenal
        • Nicaragua: Nicaraguan Revolution
      • Panamá
      • Paraguay
        • Women (Paraguay)
      • Peru
        • Hugo Blanco
      • Puerto Rico
        • Disasters (Puerto Rico)
      • Uruguay
        • Women (Uruguay)
        • History (Uruguay)
        • Labour Movement (Uruguay)
      • USA
        • Women (USA)
          • History (Feminism, USA)
          • Reproductive Rights (Women, USA)
          • Violence (women, USA)
        • Disasters (USA)
        • Far Right, Religious Right (USA)
        • Health (USA)
          • Children (health)
          • Epidemics, pandemics (health, USA)
        • On the Left (USA)
          • Health (Left, USA)
          • History (Left)
          • Solidarity / Against the Current (USA)
          • The Democratic Socialists of America (DSA)
          • Biographies, History (Left, USA)
            • History: SWP and before (USA)
            • Angela Davis
            • Barbara Dane
            • bell hooks (En)
            • C.L.R. James
            • Dan La Botz
            • Daniel Ellsberg
            • David Graeber
            • Ellen Meiksins Wood
            • Ellen Spence Poteet
            • Erik Olin Wright
            • Frederic Jameson
            • Gabriel Kolko
            • Gus Horowitz
            • Herbert Marcuse
            • Immanuel Wallerstein
            • James Cockcroft
            • John Lewis
            • Kai Nielsen
            • Larry Kramer
            • Malcolm X
            • Marshall Berman
            • Martin Luther King
            • Michael Lebowitz
            • Mike Davis
            • Norma Barzman
            • Richard Wright
        • Secularity, religion & politics
        • Social Struggles, labor (USA)
          • Epidemics / Pandemics (health, Social struggles, USA)
        • Agriculture (USA)
        • Ecology (USA)
        • Economy, social (USA)
        • Education (USA)
        • Energy (USA)
        • Foreign Policy, Military, International Solidarity (USA)
        • History (USA)
          • Henry Kissinger
          • History of people’s struggles (USA)
          • Jimmy Carter
          • Trump, trumpism (USA)
        • Housing (USA)
        • Human Rights, police, justice (USA)
        • Human Rights: Guantanamo (USA)
        • Human Rights: Incarceration (USA)
        • Indian nations and indigenous groups (USA)
        • Institutions, political regime (USA)
        • LGBT+ (USA)
        • Migrant, refugee (USA)
        • Persons / Individuals (USA)
          • Donald Trump (USA)
          • Laura Loomer
        • Racism (USA)
          • Arabes (racism, USA)
          • Asians (racism, USA)
          • Blacks (racism, USA)
          • Jews (racism, USA)
        • Science (USA)
        • Violences (USA)
      • Venezuela
        • Women (Venezuela)
        • Ecology (Venezuela)
        • Epidemics, pandemics (health, Venezuela)
    • Asia
      • Disasters (Asia)
      • Ecology (Asia)
      • Epidemics, pandemics (health, Asia)
      • History
      • Women (Asia)
      • Asia (Central, ex-USSR)
        • Kazakhstan
          • Women (Kazakhstan)
        • Kyrgyzstan
          • Women (Kyrgyzstan)
        • Tajikistan
        • Uzbekistan
      • Asia (East & North-East)
      • Asia (South, SAARC)
        • Ecology (South Asia)
          • Climate (ecology, South Asia)
        • Economy, debt (South Asia)
        • Epidemics, pandemics (health, South Asia)
        • LGBT+ (South Asia)
        • Religious fundamentalism
        • Women (South Asia)
      • Asia (Southeast, ASEAN)
        • Health (South East Asia, ASEAN)
          • Epidemics, pandemics (health, South East Asia, ASEAN))
      • Asia economy & social
        • Epidemics / Pandemics (health, Asia)
      • Economy & Labour (Asia)
      • On the Left (Asia)
      • Afghanistan
        • Women, patriarchy, sharia (Afghanistan)
        • History, society (Afghanistan)
        • On the Left (Afghanistan)
      • Bangladesh
        • Health (Bangladesh)
          • Epidemics, pandemics (health, Bangladesh)
        • Ecological Disasters, climate (Bangladesh)
        • Fundamentalism & secularism (Bangladesh)
        • The Left (Bangladesh)
        • Women (Bangladesh)
        • Economy (Bangladesh)
        • History (Bangladesh)
        • Human Rights (Bangladesh)
        • Indigenous People (Bangladesh)
        • Labour (Bangladesh)
          • Industrial Disasters (Bangladesh)
        • LGBT+ (Bangladesh)
        • Nuclear (Bangladesh)
        • Rohingya (refugee, Bangladesh)
        • Rural & Fisherfolk (Bangladesh)
      • Bhutan
        • LGT+ (Bhutan)
        • Women (Bhutan)
      • Brunei
        • Women, LGBT+, Sharia, (Brunei)
      • Burma / Myanmar
        • Arakan / Rakine (Burma)
          • Rohingyas (Burma/Myanmar)
        • Buddhism / Sanga
        • CSOs (Burma / Mynamar)
        • Economy (Burma/Myanmar)
        • Health (Burma / Myanmar)
          • Epidemics, pandemics (health, Burma/Myanmar)
        • History (Burma/Myanmar)
          • History of struggles (Burma/Myanmar)
        • Labor (Burma/Myanmar)
        • Migrants (Burma/Myanmar)
        • Natural Disasters (Burma/Myanmar)
        • Women (Burma/Myanmar)
      • Cambodia
        • Women (Cambodia)
        • Epidemics / Pandemics (health, Cambodia)
        • History (Cambodia)
          • The Khmers rouges (Cambodia)
        • Labour / Labor (Cambodia)
        • Rural (Cambodia)
        • Urban (Cambodia)
      • China (PRC)
        • Health (China)
          • Epidemics, pandemics (health, China)
        • Political situation (China)
        • China Today
        • Global Rise (China)
          • Military expansion (China)
          • Silk Roads/OBOR/BRICS (China)
          • World Economy (China)
          • China & Africa
          • China & Europe
            • China and the Russian War in Ukraine
          • China & Japan
          • China & Latin America
          • China & MENA
          • China & North America
          • China & Russia
          • China & South Asia
          • China § Asia-Pacific
          • China, ASEAN & the South China Sea
          • China, Korea, & North-East Asia
        • On the Left (China)
        • Women (China)
        • China § Xinjiang/East Turkestan
        • Civil Society (China)
        • Demography (China)
        • Ecology and environment (China)
        • Economy, technology (China)
        • History (China)
          • History pre-XXth Century (China)
          • History XXth Century (China)
            • Beijing Summer Olympic Games 2008
            • Chinese Trotskyists
              • Wang Fanxi / Wang Fan-hsi
              • Zheng Chaolin
            • Foreign Policy (history, China)
            • Transition to capitalism (history , China)
        • Human Rights, freedoms (China)
        • Labour and social struggles (China)
        • LGBT+ (China)
        • Religion & Churches (China)
        • Rural, agriculture (China)
        • Social Control, social credit (China)
        • Social Protection (China)
        • Sport and politics (China)
          • Beijing Olympic Games
      • China: Hong Kong SAR
        • Epidemics, pandemics (health, Hong Kong)
        • History (Hong Kong)
        • LGBT+ (Hong Kong)
        • Migrants (Hong Kong)
      • China: Macao SAR
      • East Timor
        • East Timor: News Updates
      • India
        • Political situation (India)
        • Caste, Dalits & Adivasis (India)
          • Adivasi, Tribes (India)
          • Dalits & Other Backward Castes (OBC) (India)
        • Fundamentalism, communalism, extreme right, secularism (India)
        • Health (India)
          • Epidemics, pandemics (health, India)
        • North-East (India)
        • The Left (India)
          • MN Roy
          • Stan Swamy (India)
          • The Left: ML Updates (DISCONTINUED) (India)
          • Trupti Shah (obituary) (India)
        • Women (India)
        • Antiwar & nuclear (India)
        • Digital Rights (India)
        • Ecology & Industrial Disasters (India)
        • Economy & Globalisation (India)
        • Energy, nuclear (India)
        • History (up to 1947) (India)
          • Baghat Singh (India)
          • Gandhi
        • History after 1947 (India)
        • Human Rights & Freedoms (India)
        • International Relations (India)
        • Labor, wage earners, TUs (India)
        • LGBT+ (India)
        • Military (India)
        • Narmada (India)
        • Natural Disaster (India)
        • Refugees (India)
        • Regional Politics (South Asia) (India)
        • Rural & fisherfolk (India)
        • Social Forums (India)
        • Social Protection (India)
        • Urban (India)
      • Indonesia & West Papua
        • Epidemics / Pandemics (health, Indonesia)
        • Papua (Indonesia)
          • Pandemics, epidemics (health, West Papua)
        • The Left (Indonesia)
        • Women (Indonesia)
        • Common Goods (Indonesia)
        • Ecology (Indonesia)
        • Economy (Indonesia)
        • Fundamentalism, sharia, religion (Indonesia)
        • History before 1965 (Indonesia)
        • History from 1945 (Indonesia)
          • Tan Malaka
        • History: 1965 and after (Indonesia)
        • Human Rights (Indonesia)
          • MUNIR Said Thalib (Indonesia)
        • Indigenous People (Indonesia)
        • Indonesia / East Timor News Digests DISCONTINUED
          • Indonesia Roundup DISCONTINUED
        • Labor, urban poor (Indonesia)
          • History (labour, Indonesia)
        • LGBT+ (Indonesia)
        • Natural Disaster (Indonesia)
        • Rural & fisherfolk (Indonesia)
        • Student, youth (Indonesia)
      • Japan
        • Political situation (Japan)
        • Health (Japan)
          • Epidemics, pandemics (health, Japan)
        • Okinawa (Japan)
        • Women (Japan)
        • Anti-war movement (Japan)
        • Culture, society (Japan)
        • Disasters (Japan)
        • Ecology (Japan)
        • Economy (Japan)
        • Energy, nuclear (Japan)
          • History (nuclear, Japan)
        • Extreme right, fascism (Japan)
        • History (Japan)
          • History of people’s struggles (Japan)
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  • Switzerland: Banking crisis in Switzerland: socialization not monster colossus!

Switzerland: Banking crisis in Switzerland: socialization not monster colossus!

Monday 20 March 2023, by BFS/MPS

  
  • Switzerland
  • Credit Suisse

Since Sunday, 19 March 2023, it has been clear that the ailing Swiss bank Credit Suisse will be taken over by its competitor UBS. However, this new monster colossus has only come about because once again the Swiss state is stepping into the breach and thus the wage earners are being obliged by the government to pay for part of the losses of a big bank. The population is thus paying for the failure of the banks and securing the bonuses and dividends of those responsible for the collapse.

  Contents  
  • No socialization of losses: We
  • The bourgeois rule of law (…)
  • A long-announced downfall
  • Concentration of capital
  • For the socialization of (…)

 No socialization of losses: We won’t pay for your crises!

On Sunday evening [19 March 2023], the Swiss Federal Council, the heads of the National Bank and the Financial Market Authority (Finma) as well as the two presidents Axel Lehmann (CS) and Colm Kelleher (UBS) announced that Credit Suisse would be swallowed for three billion francs. However, the takeover was only possible because the Swiss Confederation issued guarantees to UBS amounting to 209 billion francs. The public sector will contribute nine billion to the losses of CS and 200 billion will be made available to the two banks in the form of loans, half of which will be guaranteed by the federal government and half by the SNB. This means that any loan defaults will be taken over, which will become particularly likely if the financial crisis that began in the USA after the bankruptcy of the Silicon Valley Bank continues to spread. The consequences of private rip-offs will thus once again be paid by wage earners with their tax money. In addition, more than 10,000 bank employees will be laid off in the next few months, including dozens of CS trainees who will not be taken on by UBS.

The board of directors and the managers of CS, on the other hand, have nothing to fear, even though they have run a global financial group into the ground and made losses of 3.2 billion Swiss francs in the last ten years. In the same period, CS has paid out dozens of billions in bonuses. So much for "corporate responsibility”. The height of cheek is that CS announced immediately after the takeover by UBS that it would continue to pay out bonuses. The next round of “enrichment at the expense of the general public” is already scheduled for 24 March.

 The bourgeois rule of law is a farce

It is also remarkable how little regard the Swiss authorities have for their own rule of law when their friends in the private sector are in trouble. As in the case of the rescue of UBS in 2008, the Federal Council decided to bail out CS by means of emergency law, overriding parliament and the population. The Competition Commission, which in liberal logic should control such mergers and combat the formation of monopolies, was demoted to observer status. And the shareholders’ right was unceremoniously cancelled in order to prevent a veto by the bank shareholders.

The protagonists and the bourgeois politicians justify this undemocratic manœuvre by the need for stability of the financial market, which would be endangered by an uncontrolled collapse of CS. The Swiss authorities would have had no other option than to save CS with public money, because otherwise they would have risked a global earthquake on the financial markets.

Capitalist constraints - and not vague elite circles, as conspiracy narratives would have us believe - are taking the population hostage, as they did when UBS was rescued in 2008. Financial market stability is also just another word for guaranteeing corporate profits and enriching the rich.

 A long-announced downfall

The downfall of CS is the end of a long chain of scandals, corruption and self-inflicted speculation in recent years.

• In the Spygate affair of 2019, it became known that the then CS CEO Tidjane Thiam had the head of asset management Iqbal Khan spied on for fear that he would take confidential information to his new employer (UBS).
• In 2021 and 2022, CS speculated and made billions in losses when the US hedge fund Archegos (2021) and the financial firm Greensill (2022) went bankrupt.
• In the “Suisse Leaks” of 2022, journalists revealed how CS to this day courted dictators and criminals as clients and helped them hide and launder their money.
• Finally, CS’s criminal practices led to it being convicted in several cases and ordered to pay fines and damages amounting to billions of euros because it had neglected its duty of care and thereby enabled money laundering and tax evasion.

All this led to clients withdrawing their money from CS, to the bank having liquidity problems despite its existing equity capital, and finally to the danger that it would no longer be able to meet its current obligations. And despite all these scandals, both CS president Lehmann and the Swiss authorities had the cheek to claim at the press conference on 19 March that it was mainly “rumours on social media” that were to blame for the collapse of CS.

 Concentration of capital

It is not only the socialization of losses that is typical of how economic crisis situations are dealt with in capitalism. Every crisis also leads to a further concentration and centralization of capital. Dying industries and companies are eliminated, but at the same time new investments are made by means of direct or indirect state aid. Companies are bought up and their market shares absorbed. This allows the “rulers of the market” (here: UBS) to concentrate even more wealth and power in their hands. They constantly try to increase their productivity (increase in the production of goods or services within a given time) as well as their profitability (profit rate).

The takeover of CS will now create a financial colossus that will be all the more “too big to fai”. The assurances of the Swiss authorities that the enlarged UBS will have to increase its equity capital again and that the state regulations of the financial market should be tightened once more do nothing to change this. The fact that these regulations remain paper tigers for big banks is shown precisely by the collapse of CS, which, according to the requirements imposed on banks since the financial and economic crisis of 2007/08, should not have happened at all.

 For the socialization of the financial sector!

The Federal Council has shown that it is in principle possible for a government to act quickly and raise billions when there is a fire and, for example, the demise of one of the country’s biggest climate sinners, CS, is looming. Climate Strike Switzerland therefore rightly asked in the social media whether our livelihoods are not also “too big to fail”? At the same time, the behaviour of the Swiss state shows that it is not a neutral entity that can be used to bail out banks or save the climate. Civil states, including parliament and government, came into being in the 19th and 20th centuries to enable private companies to compete as profitably as possible, and not to provide wage earners with a life that is as carefree and work-free as possible, in harmony with the environment. This is still the case today.

Therefore, it is the completely wrong approach when left parties now call for getting even with the bourgeoisie in the National Council elections - i.e. within the bourgeois parliament - in autumn. What we need is the building of a social counter-power: we need a broad social movement that breaks with the rules of the game of the ruling classes and strategically targets the private property of the corporations.

UBS and CS have invested billions in fossil fuel, climate-damaging companies and projects. As a result, the two big banks have caused twice as much CO2 emissions as the rest of Switzerland. The banks must therefore be deprived of their decision-making power over investments. The banking sector must be expropriated and put at the service of society and the socio-ecological restructuring of the economy.

We will not pay for your crises: Expropriate CS and UBS!

For the socialization of the financial sector and an ecological-social restructuring of the economy and society!

20 March 2023

BFS/MPS


P.S.

• IVP. THURSDAY 30 MARCH 2023
https://internationalviewpoint.org/spip.php?article8039

Translated from sozialismus.ch:
https://sozialismus.ch/arbeit/2023/bankenkrise-in-der-schweiz-vergesellschaftung-statt-monsterkoloss/

“This new monster colossus has only come about because once again the Swiss state is stepping into the breach and thus the wage earners are being obliged by the government to pay for part of the losses of a big bank.”

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