Pakistan Steel is the biggest industrial steel company in Pakistan which plays a vital role in the country’s economy. The rulers are trying to hijack this worker’s institution but workers are fighting back in a militant way.
Internationally, capitalism is emerging from its worst crisis since the 1930s. There is palpable relief in the ranks of the ruling class at avoiding a financial meltdown. However, despite heated talk of green shoots, there is a universal gloom about the current situation.
Twenty years ago as the Berlin Wall came tumbling down the bourgeoisie in the west was euphoric, rejoicing at the “fall of communism”. Twenty years later things look very different as capitalism has entered its most severe crisis since 1929. Now a majority in former East Germany votes for the left and harks back to what was positive about the planned economy. After rejecting Stalinism, they have now had a taste of capitalism, and the conclusion drawn is that socialism is better than capitalism.
The Unemployed Youth Movement (BNT) in Pakistan held a nationwide campaign of recruitment camps for unemployed youth. Huge numbers participated.