Since the end of July 2007, the world economy was shocked by a new severe crisis of the financial markets. The courage to regulate the financial markets to prevent a future uncoupling from the productive economy is still obviously absent. The hour of truth will inevitably come.
It is neither a “remake” of the 1929 crisis nor a repetition of the 1970s oil crises or 1987 stock market crisis. It is truly a global systemic crisis, that is to say a crisis affecting the entire planet and questioning the very foundations of the international system upon which the world was organised in the last decades.
The Peace and Freedom Party and Socialist Party USA have strongly opposed U.S. involvement in Iraq and Afghanistan and have maintained that the Iraq War was launched only to advance U.S. imperialism and to control the vast oil reserves in the Middle East. Both socialist parties are calling for an immediate end to the military occupation of Iraq and Afghanistan, the withdrawal and return of all U.S. troops, and the immediate release of all prisoners of war and detained civilians.