After the cement industry, now Chavez has nationalised SIDOR
with its 15,000 workforce. This has come about thanks to the pressure of the
SIDOR workers who were able to contact Chavez directly. The decision is a
correct one. It must now be followed by a general nationalisation of the
commanding heights of the Venezuelan economy and finally complete the
On Saturday the 29th of March the Socialist Youth Network
(SYN) held its 3rd annual conference at the ULU building near
Euston. The Socialist Youth Network is the youth wing of the Labour Representation Committee (LRC), the left wing of the Labour Party led by John McDonnell. Youth comrades from Socialist Appeal attended the meeting reported here.
It is easy to write off Boris Johnson as a buffoon. There is
a real danger he will be running London, a city of 7½ million people in a
couple of months time. Make sure Johnson is not made London’s Mayor in the May
1st elections. As Compass points out, “his buffoonery conceals a
hard line right wing set of views – a type of Norman Tebbitt in clown’s
uniform. The quotes below are taken from their pamphlet Boris Johnson – a man of the Tory hard right.
May 1st, May Day, will see one of the tightest and most important
elections to hit London for some years. The election of London Mayor is
being hotly contested between Ken Livingstone for Labour and Boris
Johnson for the Tories.
The nineteenth century was an era of price
stability. It was also the age of the gold standard. Inflation can have many
triggers, but it always involves an increase in money emissions at some point
in order to give expression to higher prices. It is difficult to increase the
money supply quickly if you have to mine precious metals, so runaway inflation
just didn’t happen back then. The government can’t really control inflation.
Now it’s back!