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
May 14,2020

Social media platform WhatsApp assured the Supreme Court on Wednesday that it will not roll out its payment services without complying with all payment regulations and norms in the country.

A bench headed by Chief Justice S.A. Bobde and comprising Justices Indu Malhotra and Hrishikesh Roy took up the matter through video conferencing. Senior advocate Kapil Sibal, representing the social media platform, said "WhatsApp Inc makes a statement on behalf of his client that they will not go ahead with the payments' scheme without complying with all the regulations in force."

The statement was made during the hearing of a petition seeking a ban on payment through WhatsApp, as it does not conform to the data localization norms. The top court took the assurance made by WhatsApp on record.

WhatsApp made the statement during the hearing of a plea seeking a ban on its payment service, for not being in line with data localization norms.

In 2018, WhatsApp was granted a beta licence to launch its payment service, but a dedicated and separate app is yet to be launched. A petition was moved in the apex court that WhatsApp's existing model for its payments service should be declared inconsistent with the Unified Payment Interface (UPI) Scheme, as a separate dedicated app has not been offered by the company.

The petitioner NGO, Good Governance Chambers, argued that the National Payments Corporation of India (NPCI) and the Reserve Bank of India (RBI) must change its model on the lines of the UPI payment scheme, and its operations may be suspended until these conditions are met.

The apex court today asked the Centre, Facebook and WhatsApp to file their replies within three weeks and it will take up the matter thereafter. The court noted that the government may process the applications filed by WhatsApp in accordance with the law and there is no stay on the same. Facebook was represented by senior advocate Arvind Datar.

The petitioner argued that lapses have been found in relation to WhatsApp's claims of having a secure and safe technological interface for securing sensitive user data.

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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
February 5,2020

San Francisco, Feb 5: After a German artist, Simon Weckert, demonstrated how he "hacked" Google Maps with 99 smartphones and a wagon to create "virtual traffic jams" on the streets of Berlin, Google responded to the incident saying it "appreciates" creative use of maps.

Admitting that it has not quite cracked travelling by wagon, the tech giant also hinted that it might use cases like this to improve how its maps work.

"We appreciate seeing creative uses of Google Maps like this as it helps us make maps work better over time," 9to5Google quoted a Google spokesperson as saying.

In a YouTube video, Weckert showed that he put 99 smartphones with Google Maps onto a small wagon cart and then wheeled that cart around various streets in Berlin, including outside the Google office, Android Authority reported on Monday.

The smartphones "apparently fooled Google Maps" into thinking that there was a high concentration of users on those streets.

Because the second-hand phones were in a cart, Maps was further tricked into believing that the traffic was slow-moving.

As a result, the navigation app started showing virtual traffic jams by turning green streets to red in the online navigational tool, showcasing how digital technology can have a real impact on the real world.

"Traffic data in Google Maps is refreshed continuously thanks to information from a variety of sources, including aggregated anonymised data from people who have location services turned on and contributions from the Google Maps community," the Google spokesperson said.

"We've launched the ability to distinguish between cars and motorcycles in several countries including India, Indonesia and Egypt, though we haven't quite cracked travelling by wagon," the statement added. After a German artist, Simon Weckert, demonstrated how he "hacked" Google Maps with 99 smartphones and a wagon to create "virtual traffic jams" on the streets of Berlin, Google responded to the incident saying it "appreciates" creative use of maps.

Admitting that it has not quite cracked travelling by wagon, the tech giant also hinted that it might use cases like this to improve how its maps work.

"We appreciate seeing creative uses of Google Maps like this as it helps us make maps work better over time," 9to5Google quoted a Google spokesperson as saying.

In a YouTube video, Weckert showed that he put 99 smartphones with Google Maps onto a small wagon cart and then wheeled that cart around various streets in Berlin, including outside the Google office, Android Authority reported on Monday.

The smartphones "apparently fooled Google Maps" into thinking that there was a high concentration of users on those streets.

Because the second-hand phones were in a cart, Maps was further tricked into believing that the traffic was slow-moving.

As a result, the navigation app started showing virtual traffic jams by turning green streets to red in the online navigational tool, showcasing how digital technology can have a real impact on the real world.

"Traffic data in Google Maps is refreshed continuously thanks to information from a variety of sources, including aggregated anonymised data from people who have location services turned on and contributions from the Google Maps community," the Google spokesperson said.

"We've launched the ability to distinguish between cars and motorcycles in several countries including India, Indonesia and Egypt, though we haven't quite cracked travelling by wagon," the statement added.

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