For years on this channel, we've been talking about the need for the US left to detach from the Democratic Party and for the existing, mostly quite small left parties to join together in a #LeftCoalition or #LeftCongress to intensify the class struggle and increase workers' economic and political power. This week in France, the Nouveau Front Populaire (NFP) or New Popular Front, which has done just that, took the lead in the national elections and, together with the "center" ("moderate" right) forces behind Macron, pushed the extreme-right Marine Le Pen and her fascist National Rally party into third place at a time when they had been expected to win control of the government.

The NFP includes parties from the center-left to the far-left such as Jean-Luc Mélenchon's France Unbowed (La France Insoumise or LFI), Mitterand's and Hollande's Socialist Party (PS), the French Green Party (LE-EELV), and the French Communist Party (PCF), among others. While all of these deserve significant criticism and most likely will not be able to guide the French masses out of capitalism in their present form, they are far preferable in the short term to Macron's neoliberal austerity ghouls or the flat-out neo-Nazis of the National Rally. The French masses now must take every opportunity to strengthen the fight for better conditions, increased class consciousness, and an independent, internationalist, revolutionary party of the proletariat as they struggle to build a movement capable of ending capitalism in France.

From the NFP's website:

"You asked us; we did it: the new Popular Front was born to govern and change everything.

"We have united, beyond political parties, around a program of rupture, solid, coherent and fair, quantified by economists and experts:

"1) To defend purchasing power and wages;

"2) For public services everywhere, from overseas to the countryside via working-class neighborhoods;

"3) For all women who demand equality and an end to violence;

"4) To defend the climate and living things;

"5) For all those who experience racism, anti-Semitism or Islamophobia;

"6) To defend the Republic against the far right.

"We are the camp of social, ecological, popular victories and peace. Progress and bright tomorrows. Our history is great. We must now write the future of our country."

source: https://www.france24.com/en/france/20240707-france-s-leftist-new-popular-front-wins-a-shock-victory-%E2%80%93-but-now-the-hard-part-begins
source: https://www.nouveaufrontpopulaire.fr/

#news #politics #france #nfp #newpopularfront #socialism #communism #socialist #communist #marxism #marxist #revolution2030 #rev2030 #s4a #socialismforall #marxismleninism #election #elections #frenchelections #frenchelection #macron #tatertube

France’s leftist New Popular Front wins a shock victory – but now the hard part begins

France's New Popular Front has won the largest number of seats in the final round of snap parliamentary elections, leaving behind the remnants of President Emmanuel Macron’s centrist camp and the far-right National Rally trailing in third place. It’s a staggering result for a closely fought election that has left the country without a clear candidate for prime minister – and the hastily assembled broad leftist coalition without an absolute majority that would allow it to push through its ambitious programme.

FRANCE 24

In finance, an inverted yield curve is when interest rates on short-term debt instruments rise above the interest rates of longer-term debt instruments of similar creditworthiness. In other words, this is an unusual situation in which, all else being equal, shorter-term investments return more money than longer-term investments.

Historically, inverted yield curves on US treasuries have been reliable indicators of impending recessions or economic downturns, and more prolonged inversions generally correlate with more severe crashes, as this video by the Game of Trades investment channel demonstrates: https://www.youtube.com/watch?v=ELF_EivMCMI

(The last 30 seconds of this video are just ads for the channel's trading advice services.)

Our current situation in 2024 is that the yield curve has been inverted for 540 days, which is comparable to the durations of the inversions preceding the 1974 crash and the 2008 global financial meltdown (low 500s each) and second only to the 1929 market crash that kicked off the Great Depression (700).

The stock market is currently still going up, but keep in mind that the stock market went up for a long time after the 2008-era inversion as well: a record 657 days. If the market were to keep rallying for that length of time today, then the crash would begin this August.

2008 showed us that the average person will be angry and more ready to question capitalism itself when events like this happen. As Marxists, we must prepare to do widespread agitation, education, and organizing in its wake, spreading real knowledge about how to understand, resist, and fight back against capital.

#yieldcurve #ustreasury #federalreserve #invertedyieldcurve #recession #crash #financialcrash #financialmarket #economy #economics #news #politics #gfc #globalfinancialcrisis #2008 #greatdepression #depression #yieldinversion #capitalism #socialism #communism #socialist #communist #marxism #marxist #revolution #rev2030 #revolution2030 #tatertube #s4a #socialismforall

The Damage is Becoming Irreparable…

YouTube

I recently appeared on the Thin Blue Lies podcast, hosted by Salina Marxista from The Read Army (ChairladySpears on Twitter).

We talked about cases of police entering & destroying residences in cases like Vicki Baker, Leo Lech, & Onree Norris.

Check out the episode: https://www.buzzsprout.com/2042892/11885638-enter-destroy

#acab #socialism #socialist #communism #communist #s4a #revolution2030 #rev2030

Enter & Destroy - Thin Blue Lies

Today Socialism for All or S4A and Sal discuss civil forfeiture, no knock warrants, and qualified immunity along with the cases of Onree Norris, Vicki Baker, and Leo Lech. Policing in the United States is corrupt to its core and must be abolished ...

Buzzsprout

Well, here we are, getting set up on Mastodon.

This account is associated with the existing YouTube, Twitch, SoundCloud, Reddit, and Twitter accounts under the name of "Socialism for All" or "S4A" for short.

We do Marxist audiobooks and theory discussions as well as current events commentaries from a left-wing perspective.

Check us out: youtube.com/socialismforall

#socialism #socialist #communism #communist #marxism #marxist #revolution2030 #rev2030 #tatertube