Hugo Chavez and socialism

[email protected] (Bill Van Auken)
March 8, 2013
Hugo_Chavez_and_socialism

Hundreds of thousands of Venezuelans filled the streets of Caracas to accompany the casket of President Hugo Chavez to the military academy where he began his career and where his body lay in state before today's funeral.
The former paratrooper lieutenant colonel had been in power for 14 years, and the outpouring reflected popular support for the undeniable, albeit limited, improvements in social conditions for the country's most impoverished layers under his presidency. This includes a halving of the poverty rate, which still remains above Latin America's average.
In Washington, the Obama administration issued a cautious statement calling Chavez's demise a “challenging time” and declaring its hope that the change in leadership in Caracas would promote “a constructive relationship with the Venezuelan government.”
Republican leaders in Congress openly celebrated the Venezuelan leader's death. Typical was Ed Royce, chairman of the House Foreign Affairs Committee, who declared, “Good riddance to this dictator.”
Chavez's nationalist rhetoric, his government's diversion of revenues from the country's protracted oil bonanza to pay for social assistance programs and its forging of extensive economic ties to China earned him the hatred of both Washington and a fascistic ruling class layer in Venezuela. They did not, however—as both he and his pseudo-left supporters claimed—represent a path to socialism.
Chavez was a bourgeois nationalist, whose government rested firmly on the military from which he came and which continues to serve as the crucial arbiter in the affairs of the Venezuelan state.
While bitterly resented by a reactionary Venezuelan oligarchy, whose preferred method of dealing with the country's impoverished masses is murder and torture, Chavez's misiones, or programs to improve living standards, housing, health care and education, made no serious encroachment on profit interests.
Both the share of the country's economy controlled by the private sector and the portion of national income going to employers as opposed to labor were greater under Chavez than before he took office. An entire new ruling class layer—dubbed the boliburguesia— was spawned by chavismo, growing rich off of government contracts, corruption and financial speculation.
Meanwhile, the “Bolivarian revolution” has done nothing to alter Venezuela's status as a nation dependent upon and oppressed by imperialism. The country's economy is still wholly dependent upon the export of oil (the largest share to the US) and the import of both capital and consumer goods.
In last November's presidential election, Chavez publicly appealed for the support of the wealthy and privileged, insisting that his policies promoted social peace and stability and warded off the threat of civil war.
Chavez had ample reason to promote his policies with the left rhetoric of an ill-defined “21st Century Socialism.” The aim, first and foremost, was to divert and contain the militancy of the Venezuelan workers, whose struggles, to the extent they escape the control of the ruling PSUV (Unified Socialist Party of Venezuela) and its affiliated Bolivarian trade union federation, are often branded as “counterrevolutionary.”
However, an entire layer of the international pseudo-left—including various organizations and individuals who have in the past cast themselves as “Trotskyists”—attempted to lend credence to this “socialist” rhetoric. This reached ludicrous levels, such as the hailing of Chavez's call for a “Fifth International,” which was issued in a rambling speech to a November 2009 gathering of “left” parties in Caracas that included delegations from the Chinese Communist Party, the Brazilian Workers Party, Argentina's Peronist Partido Justicialista and the PRI of Mexico.
The reaction of Francois Sabado, a leading member of both the Pabloite international and the French New Anticapitalist Party, was typical. He described this bringing together of right-wing, anti-working class ruling parties as “an important instrument to fight the ruling classes, not only in Latin America, but in the whole world.” He went on to insist that political “divergences” could be overcome and that there was no need of “discussing the historical balance sheets of different currents.”
Such “balance sheets” could only lay bare the long and tragic historical experience—particularly in Latin America—with the attempts by political charlatans like Sabado to portray bourgeois nationalist regimes as “revolutionary” and “socialist,” subordinating the struggles of the working class to them.
In the 1970s, this took the form of the political tendency led by Nahuel Moreno working to subordinate the Argentine working class to both Peronism and Castroism, politically disarming it in the face of the savage military coup of 1976. A similar role was played by the party of Guillermo Lora in Bolivia in 1971 in relation to the “left” general, J.J. Torres, whose presidency was ended with the right-wing military coup of Gen. Hugo Banzer.
Similar adaptations to the regimes of Gen. Velasco Alvarado in Peru and Gen. Omar Torrijos in Panama led to betrayals and defeats for the working class in these countries, as did the promotion of Castroism and Guevarism throughout the continent.
The painting of chavismo in socialist colors by today's pseudo-lefts is a matter not merely of failing to learn these historical lessons, but rather of deep-rooted class interests. They are drawn to Chavez's “21st Century socialism” precisely because of their hostility to the Marxist conception that a socialist transformation can be carried out only through the independent and conscious struggle of the working class to put an end to capitalism and take power into its own hands. These petty-bourgeois political elements are instead attracted to a policy designed to save capitalism from revolution, imposed from above by a charismatic comandante. These layers have moved far to the right since the hey-day of their adaptation to Castroism in the 1960s and 1970s. Indeed, before his death, some of them who had lauded Chavez turned against him because of his opposition to the US wars for regime change in Libya and Syria, which they themselves have embraced along with imperialism.
Whatever the immediate fate of the unfolding attempts to fashion a new chavismo without Chavez, the class struggle in Venezuela and throughout Latin America will intensify under the impact of the deepening global capitalist crisis. The crucial question is the building of new, independent revolutionary parties, sections of the International Committee of the Fourth International, to fight for the independent political mobilization of the working class as part of the worldwide struggle against capitalism.

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Agencies
July 15,2020

New Delhi, Jul 15: The employees union of state-run telecom operator BSNL will stage protests across the country on Thursday on a host of issues including the cancellation of its 4G tender and non-payment of salaries.

All major unions are organising ‘lunch-hour black-flag' demonstrations throughout the country under the banner of All Unions and Association of BSNL (AUAB), said a statement by AUAB. These demonstrations will be organised, by maintaining social distancing and by taking other precautions, like wearing of masks. The BSNL employees will also wear black-badges the whole day on July 16.

The employees body would demand that BSNL should immediately be allowed to roll out its 4G services and the tender should be issued immediately. Further, they want that in the matter of procuring new equipment and upgradation, there should not be any discrimination between BSNL and other private telecom service providers.

Recently, the Centre cancelled the 4G upgradation tender for BSNL as it had decided to come up with fresh specifications for the upgrade process, in a move to keep Chinese technology companies at bay as the border tussle escalated with the northern neighbour.

The Department of Telecommunications (DoT) would issue a fresh tender for the same, and people in the know said that Chinese companies may not be allowed to participate.

"The agitational programme is being organised to express the deep anguish and resentment of the employees against cancellation of BSNL's 4G tender, cancellation of BSNL's proposal for upgradation of its 49,300 BTSs to 4G, abnormal delay in issuing ‘Add on Order' for 4G equipments, inordinate delay in the implementation of BSNL's Revival Package and against the non-settlement of the burning problems of the employees," said the statement.

The umbrella body of BSNL's employees' unions noted that rolling out of 4G services is the backbone for the revival of this telecom PSU, but the recent cancellation of the tender floated by BSNL for procuring 4G equipment at a cost of Rs 9,300 crore, has brought the company back to square one.

It said that BSNL is already having 49,300 base transceiver stations (BTS), which are 4G compatible and through minor upgradation, all these equipment can be converted into 4G BTSs with an investment of about Rs 1,500 crore.

In addition to this, BSNL could have added another 15,000 BTSs, by placing an Add on Order to the existing mobile tender, it added.

Noting that in October 2019, the PSU could have rolled out pan-India 4G services, AUAB said: "Being the sole owner of the company, the Government of India also cannot shirk its responsibility in this matter."

"Adding insult to injury, the tender floated by BSNL to procure 4G equipment, has been cancelled by the government, based on a complaint from the Telecom Equipments and Services Promotional Council (TEPC)," it said.

AUAB said that BSNL is already lagging four years behind the private operators, in terms of 4G and the cancellation of the tender is going to inordinately delay the company's 4G launch.

Saying that TEPC's contention has been to bar foreign companies from participating in BSNL's tender, AUAB statement pointed out that when private operators are procuring equipment from multinationals, "why BSNL alone should be compelled to procure 4G equipments from domestic vendors, whose 4G technology is not tested or proven so far."

It alleged a conspiracy to destabilise BSNL by disrupting its rolling out of 4G services.

AUAB further said that even after the lapse of nine months, the implementation of the much publicised BSNL's Revival Package is moving at a snail's pace.

"Except the swift retrenchment of 79,000 BSNL employees under VRS, all other assurances given in BSNL's Revival Package have been put in cold storage."

The management should ensure that the salary payment of the employees is made on the last working day of every month. Deductions made from employees' salary, on account of "society dues", should immediately be remitted, it said.

Regarding the monetisation of the company's assets under the revival package, the organisation said that the land asset should not be handed over to corporates, at "throwaway" prices.

"These lands should be sold in a transparent manner and at the prevailing market rates. They should not be sold at book value or at circle rates. The AUAB will strictly monitor these dealings," it said.

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News Network
February 5,2020

Feb 5: Tesla is making Elon Musk a lot richer without paying him a dime.

A blistering stock rally has bolstered the value of CEO Musk's 19% stake in the electric car maker by $16 billion since the start of 2020, to $30 billion.

Tuesday's steep climb in the share price could sweeten Musk's payday under his record-breaking compensation package, which is built on stock options that rely on market value targets. Two milestones have now been achieved that could see Musk unlock options worth $1.8 billion.

The controversial chief executive, who is also the majority owner and CEO of rocket maker SpaceX, recently testified that he did not have a lot of cash as he successfully defended himself in a defamation lawsuit. He previously has taken loans using his Tesla shares as collateral.

Musk does not take a salary, choosing instead a risky options package that envisions the stock market value of Tesla rising to $650 billion over 10 years, a prospect that was derided by some investors when the deal was announced in 2018.

That target now looks less crazy. Shares of Tesla have rallied over 50% since the company posted its second consecutive quarterly profit last Wednesday, which was viewed as a major accomplishment for a company competing against established automotive heavyweights including General Motors Co  and BMW.

Tesla shares have climbed about 400% since early June, helped by the company's better-than-expected financial results and ramped-up production at its new car factory in Shanghai.

On Tuesday, Tesla surged as much as 24% before falling back in the final minutes of the trading session to end the day up 13.7%. That put its market capitalization at $160 billion, almost twice the combined value of Ford Motor and General Motors.

The shares had also rallied on Monday, partly fueled by Panasonic Corp's 6752.T saying its automotive battery venture with Tesla was profitable for the first time.

The options Musk was awarded in 2018 vest incrementally based on targets for Tesla's stock market value and its financial performance. The market capitalization would have to sustainably rise by $50 billion increments over the agreement's 10-year period, with the full package payout reached if the market cap reaches $650 billion, as well as the company's meeting revenue and profit targets.

Musk is on his way to seeing his first two tranches of options vest. He achieved operational targets on revenue and adjusted earnings last year.

The rise in Tesla's market capitalization last month to a target of $100 billion opened the way for Musk's first tranche of options to vest. With Tuesday's surging share price, the market capitalization blew past the second target of $150 billion, opening the way for the second tranche to vest. Tesla's market capitalization must stay at or above each target level for one- and six-month averages for each set of options to vest.

Tesla was valued at about $52 billion when shareholders approved the pay package in March 2018, a time when the company faced a cash crunch, production delays and increasing competition from rivals.

A full payoff for Musk would surpass anything previously granted to U.S. executives, according to Institutional Shareholder Services, a proxy advisor that recommended investors reject the pay package deal at the time.

Musk currently owns about 34 million Tesla shares, and his compensation package would let him buy another 20.3 million shares if all his options tranches vest.

When Tesla unveiled Musk’s package, it said he could in theory reap as much as $55.8 billion if no new shares were issued. However, Tesla has since awarded stock to employees and last year sold $2.7 billion in shares and convertible bonds, diluting the value of the stock.

Musk has transformed Tesla from a niche car maker with production problems into the global leader in electric vehicles, with U.S. and Chinese factories. So far it has stayed ahead of more established rivals including BMW and Volkswagen.

Many investors remain skeptical that Tesla can consistently deliver profit, cash flow and growth. More Wall Street analysts rate Tesla "sell" than "buy," and the company's stock is the most shorted on Wall Street.

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Agencies
March 13,2020

Amid the rapid spread of the novel coronavirus (COVID-19), which has infected 73 people in India and killed more than 4,500 individuals globally, doctors have advised that in addition to regularly washing hands, one should also disinfect their smartphone every 90 minutes with alcohol-based hand sanitizer.

Ravi Shekhar Jha, Head of Department at Fortis Escorts Hospital in Faridabad said the best method to disinfect your smartphone is to use regular doctor spirit or the alcohol-based hand sanitizer at least every 90 minutes.

"Avoid touching your eyes, mouth, or nose. The best option is to use a phone cover or a Bluetooth device and try to touch your phone as less as possible. We would also recommend cleaning your phone at least twice a day," Jha told IANS.

According to research, published in 2018 by Insurance2Go, a gadget insurance provider, revealed that smartphone screens have three times more germs than a toilet seat.

One in 20 smartphone users was found to clean their phones less than every six months, said the study.

"In the time of fear of coronavirus, smartphones should also be disinfected with alcohol-based sanitizer rub. Pour few drops of sanitizer on a tiny clean cotton pad and rub it safely on your entire phone," said Jyoti Mutta, Senior Consultant, Microbiology, Sri Balaji Action Medical Institute in New Delhi.

"You can repeat this process every evening coming back home after an entire day out at work and once in the morning before going out," Mutta added.

"Maintain basic cleanliness, and try to avoid using other's phones especially if suffering from respiratory illness or flu-like symptoms as there is no other way to disinfect these regular gadgets," she stressed.

Another study from the University of Surrey in the UK, also found that the home button on your smartphone may be harbouring millions of bacteria - some even harmful.

The World Health Organisation (WHO) declared the novel coronavirus as a global pandemic on Wednesday. The death toll of COVID-19 has crossed the 4,500 marks and confirmed cases globally have touched one lakh as per the reports.

According to Suranjeet Chatterjee, Senior Consultant in Internal Medicine Department of Indraprastha Apollo Hospitals in New Delhi, "We should frequently wash our hands, cover our coughs and it is important to adapt to other good hygiene habits that are most important in such a situation."

"Coronavirus and other germs can live on surfaces like glass, metal or plastics and phones are bacteria-ridden. It is necessary that we sanitize our hands frequently and make sure that our hands are clean all the time," Chatterjee told IANS.

"The emphasis should be laid on sanitising our hands rather than sanitizing the phone - once in a while the phone can be sanitized under the guidance of the makers of the phone," Chatterjee stressed.

According to the global health agency, the most effective way to protect yourself against coronavirus is by frequently cleaning of your hands with alcohol-based hand rub or washing them with soap and water.

The WHO's report showed the virus infects people of all ages, among which older people and those with underlying medical conditions are at a higher risk of getting infected.

People should eat only well-cooked food, avoid spitting in public, and avoid close contact, the WHO said, adding that it is important for people to seek medical care at the earliest if they become sick.

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