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Confronting the crisis of imperialist globalisation

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The Anti-Trump: Xi Jinping’s thought on socialism with Chinese characteristics for a new era

by Andrea Catone, Director of the magazine MarxVentuno

Motivated by a series of questions asked in an interview during the IX World Socialism Forum - an annual event now organized in autumn in Beijing by the World Socialism Research Center at the Chinese Academy of Social Sciences (CASS) and other political and cultural organizations in the PRC - I propose the following reflections on the thinking of Xi Jinping about the entry of Chinese socialism into a new era.

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Prices rise even after OPEC agreement

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Demostenes Florosaboutenergy.com

Versione in Italiano

From the Us-China trade dispute to the Us sanctions on Iran, what's behind the drop in oil price and currency trends.

In November, oil prices carried on strongly with their bearish trend. In particular, Brent North Sea quality opened the listings at $72.75/b and closed at $59.23/b, while West Texas Intermediate grade started the quotations at $63.65/b, closing at $50.82/b. At the time of writing (on December 7th), Brent was trading at $61.4/b, whereas WTI at $52.13/b, because oil producing countries – gathered around the so-called OPEC+ group – finally, reached an agreement to cut crude output by 1,200,000 b/d in comparison with the October levels. The Pool arrangement will be in place, at least for six months, starting from January 1st 2019. Nigeria, Venezuela and specifically Iran are exempted from the deal.

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The balance of power

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Demostenes Florosaboutenergy.com

Versione in italiano

At the center of the recent slowdown in crude oil prices, Washington's moves on the international geopolitical chessboard, the confrontation with OPEC and the movements of constant rapprochement between Russia and China

In October, oil prices strongly decreased at around $10.5/b. In particular, Brent North Sea quality started the negotiations pricing at $84.95/b and closed at $74.59/b, while West Texas Intermediate grade opened the transactions trading at $75.45/b then, closing at $64.98/b. At the time of writing (November 13th), Brent was pricing at $65.95/b, the lowest level since March 2018 and WTI at $56.26/b, the minimum since November 2017. 

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Samir Amin, a marxist theoretician

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by Rémy Herrera (*)

Samir Amin always described himself as a Marxist. While not uncritical, he drew on the theories of imperialism, notably those proposed by Paul Baran, Paul Sweezy and Harry Magdoff, as well as on pioneering works about development (such as those of Raúl Prebisch or, to a certain extent, François Perroux). But his work differs very clearly from that of "orthodox" Marxism. Like the other major theoreticians who analyze the capitalist world system, including Immanuel Wallerstein, Giovanni Arrighi and André Gunder Frank, Samir Amin produced a series of global analyses that intertwine relations of domination among nations and relations of exploitation between classes. These see the modern world as a concrete socio-historical entity forming a system, i.e., an assemblage -- that is structured by complex relations of interdependence where several elements of a reality come together as a coherent and autonomous whole by positioning themselves so as to express their role.

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All the Factors behind the Bullish Trend

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Demostenes Florosaboutenergy.com

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The main reasons for the rise in oil prices are the collapse of Lybia's and Venezuela's output along with the economic measures imposed against Iranian crude exports. Looking at country data, China and India are still the key drivers

In September, barrel prices significantly rose at around $4/b. In particular, Brent North Sea oil quality started the negotiation at $78.01/b and closed at $82.75/b, while West Texas Intermediate opened the transaction at $69.64/b, closing at $73.43/b. At the time of writing, Brent was quoting at $84.91/$ and WTI at $74.80/b.

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Positive trends

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forex pcDemostenes Floros | aboutenergy.com

Versione in italiano

Price increases had three major drivers: the collapse of Iranian exports, the decrease in US stocks and the depreciation of the dollar.

Oil and currency trends

In August, oil prices surged. In particular, Brent North Sea quality opened the negotiations at $72.53/b and closed at $77.8/b, while West Texas Intermediate began the transactions at $67.79/b, concluding at $70.01/b. At the time of writing, Brent was trading at $79.15/b and WTI at $69.47/b due to the turmoil in Libya.

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Donbass: We won't make a step back

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of Clara Statello

The attack on Zacharchenko on Friday afternoon at the Separ coffee shop in the heart of Donetsk caused another five deaths and 11 injuries. A child would also be among the victims. The site of the explosion is located a few hundred meters from the headquarters of an OECD, increasingly reduced to a silent and opaque puppet. The attack was followed by an intensification of coverfire on the front line, but the People's Army managed to stop any Ukrainian desire for advance. Eduard Basurin, commander of operational command, told television channel Russia 24, to have recorded movements of Ukrainian troops along the line of contact, maximum alert level.

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50 years after the Prague events of 21 August 1968

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A Guardian interview with Josef Skala, leader of the KSCM leninist wing

Josef Skala, a leading exponent of the Communist Party of Bohemia and Moravia, sends us the text of his interviews to the London newspaper The Guardian, which has published only a few extracts. We gladly publish it as a contribution to a very problematic discussion, which remains open in the international communist movement.

Josef Skala, born in 1952 in socialist Czechoslovakia, graduated in 1975 at the faculty of journalism, author of numerous books and essays of historical-political nature, enrolled in the Czechoslovak Communist Party (KSC) since 1970, member of the presidency of the World Peace Council, and president of the World Student Union in the years 1987-1990, after the separation of Czechoslovakia in two States, he was vice-president of the Communist Party of Bohemia and Moravia (KSCM) in the years 2009-2011 and 2016-2018.

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To Samir Amin

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written by Andrea Catone (Editor-in-chief of Marx XXI Review)

Translated by Lorenzo Battisti

Beijing, May 5, 2018, huge hall full of young and old, Chinese and from all over the world. Samir Amin holds a plenary lecture for the large conference dedicated to Marx 200 years after its birth, organized by the Chinese University with over 330 speakers.

This is the last time I met him: lively and friendly as always, nothing suggested that he would leave us in a few months. Let us exchange a few words about the Italian situation and the emergence of reactionary, fascist mass movements, which he observes growing in European societies as a result of the capitalist crisis. For some years now he had been writing several articles and essays on this subject, such as the one published by Monthly Review in 2014, "The Return of Fascism in Contemporary Capitalism".

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The bearish effect of geopolitical events

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Demostenes Florosaboutenergy.com

Versione in italiano

As oil prices fall, global demand is expected to grow, both in the second half of 2018 and in 2019. In the current year, Asia is driving the increase in demand thanks to the estimated 900,000 b/d

In July, barrel prices significantly decreased. In particular, Brent North Sea quality opened the negotiations at 77.4 $/b and closed at 74.2 $/b, while West Texas Intermediate opened the transactions at 74.03 $/b, closing at 67.45 $/b.

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