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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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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News Network
April 17,2020

Paris, Apr 17: Even as virologists zero in on the virus that causes COVID-19, a very basic question remains unanswered: do those who recover from the disease have immunity?

There is no clear answer to this question, experts say, even if many have assumed that contracting the potentially deadly disease confers immunity, at least for a while.

"Being immunised means that you have developed an immune response against a virus such that you can repulse it," explained Eric Vivier, a professor of immunology in the public hospital system in Marseilles.

"Our immune systems remember, which normally prevents you from being infected by the same virus later on."

For some viral diseases such a measles, overcoming the sickness confers immunity for life.

But for RNA-based viruses such as Sars-Cov-2 -- the scientific name for the bug that causes the COVID-19 disease -- it takes about three weeks to build up a sufficient quantity of antibodies, and even then they may provide protection for only a few months, Vivier told AFP.

At least that is the theory. In reality, the new coronavirus has thrown up one surprise after another, to the point where virologists and epidemiologists are sure of very little.

"We do not have the answers to that -- it's an unknown," Michael Ryan, executive director of the World Health Organization's Emergencies Programme said in a press conference this week when asked how long a recovered COVID-19 patient would have immunity.

"We would expect that to be a reasonable period of protection, but it is very difficult to say with a new virus -- we can only extrapolate from other coronaviruses, and even that data is quite limited."

For SARS, which killed about 800 people across the world in 2002 and 2003, recovered patients remained protected "for about three years, on average," Francois Balloux director of the Genetics Institute at University College London, said.

"One can certainly get reinfected, but after how much time? We'll only know retroactively."

A recent study from China that has not gone through peer review reported on rhesus monkeys that recovered from Sars-Cov-2 and did not get reinfected when exposed once again to the virus.

"But that doesn't really reveal anything," said Pasteur Institute researcher Frederic Tangy, noting that the experiment unfolded over only a month.

Indeed,several cases from South Korea -- one of the first countries hit by the new coronavirus -- found that patients who recovered from COVID-19 later tested positive for the virus.

But there are several ways to explain that outcome, scientists cautioned.

While it is not impossible that these individuals became infected a second time, there is little evidence this is what happened.

More likely, said Balloux, is that the virus never completely disappeared in the first place and remains -- dormant and asymptomatic -- as a "chronic infection", like herpes.

As tests for live virus and antibodies have not yet been perfected, it is also possible that these patients at some point tested "false negative" when in fact they had not rid themselves of the pathogen.

"That suggests that people remain infected for a long time -- several weeks," Balloux added. "That is not ideal."

Another pre-publication study that looked at 175 recovered patients in Shanghai showed different concentrations of protective antibodies 10 to 15 days after the onset of symptoms.

"But whether that antibody response actually means immunity is a separate question," commented Maria Van Kerhove, Technical Lead of the WHO Emergencies Programme.

"That's something we really need to better understand -- what does that antibody response look like in terms of immunity."

Indeed, a host of questions remain.

"We are at the stage of asking whether someone who has overcome COVID-19 is really that protected," said Jean-Francois Delfraissy, president of France's official science advisory board.

For Tangy, an even grimmer reality cannot be excluded.

"It is possible that the antibodies that someone develops against the virus could actually increase the risk of the disease becoming worse," he said, noting that the most serious symptoms come later, after the patient had formed antibodies.

For the moment, it is also unclear whose antibodies are more potent in beating back the disease: someone who nearly died, or someone with only light symptoms or even no symptoms at all. And does age make a difference?

Faced with all these uncertainties, some experts have doubts about the wisdom of persuing a "herd immunity" strategy such that the virus -- unable to find new victims -- peters out by itself when a majority of the population is immune.

"The only real solution for now is a vaccine," Archie Clements, a professor at Curtin University in Perth Australia, told AFP.

At the same time, laboratories are developing a slew of antibody tests to see what proportion of the population in different countries and regions have been contaminated.

Such an approach has been favoured in Britain and Finland, while in Germany some experts have floated the idea of an "immunity passport" that would allow people to go back to work.

"It's too premature at this point," said Saad Omer, a professor of infectious diseases at the Yale School of Medicine.

"We should be able to get clearer data very quickly -- in a couple of months -- when there will be reliable antibody tests with sensitivity and specificity."

One concern is "false positives" caused by the tests detecting antibodies unrelated to COVID-19.

The idea of immunity passports or certificates also raises ethical questions, researchers say.

"People who absolutely need to work -- to feed their families, for example -- could try to get infected," Balloux.

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Agencies
March 18,2020

Thiruvananthapuram, Mar 18: To raise awareness about protective measures against coronavirus, Kerala Police released a dance video on the State Police Media Centre's Facebook page promoting the washing of hands, here on Tuesday.

In the video, the police officers were seen dancing to the tunes of Kalakkatha from the Malayalam action-drama thriller Ayyappanum Koshiyum while demonstrating the right technique for washing hands.

The video gained over 27,000 likes and over 2,400 comments and more than 33,000 netizens shared the video.

The video has received a positive response with users congratulating Kerala Police for the initiative.

"Congrats Kerala police media for this kind of initiative," one user commented on Facebook. Another user thanked the police in the comments section saying, "Super super thanks to KL (Kerala) police."

The number of people who have tested positive for the coronavirus in Kerala is 25.

The total number of confirmed COVID-19 cases in India has reached 147, including 122 Indians and 25 foreign nationals, said the Ministry of Health and Family Welfare earlier today.

Globally, the virus has infected more than 184,000 people and killed more than 7500, as per the data available on the World Health Organisation website.

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