Iran has struck Israel.
previous preamble
The continuing fall of the remains of the British Empire is pretty entertaining from the outside: an archaic royal family that is seemingly being smote with disease by God itself for their past crimes; a navy that virtually no longer functions, ramming into foreign ports and under constant repair; and an economy that cannot seem to stop sputtering, fucked whether they're in the EU or outside it. Watching the impacts on people from the inside is a little more worrying, though.
A fifth of the population is in poverty, including nearly a third of all children. These figures have barely shifted since the Labour government in the early 2000s, aside from a decreasing poverty rate for pensioners. Actually, poverty hasn't substantially shifted since Margaret Thatcher. Before her, the poverty rate was around 14%, but her catastrophic policies caused a major increase, and poverty levels since then are still 50% higher than over 50 years ago, because neoliberal economic policy since then has not fundamentally changed. Parties and corporations have impoverished the usual vulnerable groups, such as large families, minority ethnic groups (including half of Pakistani and Bangladeshi households!) and disabled people. These differences are also regional, with the North more impoverished than the richer Southeast (but some of the poorest boroughs are in London, so it's a complex pattern).
With Corbyn's defeat in 2019 mere months before the pandemic began, the Labour Party shifted back towards the right, with left-wingers purged from the party if they did not kowtow to Keir Starmer. This leaves us with a situation where the only substantial difference between the two parties would be on social policy, but it goes without saying that economic policy is the overwhelming factor that determines if minorities can have a decent life. Worker-oriented movements since then have been largely not under the umbrella of major party leaderships, such as the Don't Pay movement in late 2022 that arose in the wake of dramatically rising energy prices where 3 million people vowed to not pay them (which did lead to results).
Most notably recently is the major upset in the constituency of Rochdale - the victory of George Galloway - who is the leader of the Workers Party of Britain, which describes itself as both socialist and socially conservative. This took place both in the context of aforementioned economic troubles, as well as anger over Israel's genocide of Gaza in the British population, especially in British Muslims. It remains to be seen how much of this is an isolated event, especially as Corbyn has, understandably, refused to collaborate with Galloway due to his socially conservative stances. The UK general election will be held at some point within the next 9 months or so, and might well be a shitshow depending on what happens domestically and geopolitically before then; parallels to the current American electoral shitshow with increasing anger over Biden are pretty apparent. The Conservatives are quite likely to lose given 14 years of uninspired rule if current polling is correct, but it truly is a race to the bottom.
The COTW (Country of the Week) label is designed to spur discussion and debate about a specific country every week in order to help the community gain greater understanding of the domestic situation of often-understudied nations. If you've wanted to talk about the country or share your experiences, but have never found a relevant place to do so, now is your chance! However, don't worry - this is still a general news megathread where you can post about ongoing events from any country.
The Country of the Week is the United Kingdom! Feel free to chime in with books, essays, longform articles, even stories and anecdotes or rants. More detail here.
Please check out the HexAtlas!
The bulletins site is here!
The RSS feed is here.
Last week's thread is here.
Israel-Palestine Conflict
Sources on the fighting in Palestine against Israel. In general, CW for footage of battles, explosions, dead people, and so on:
UNRWA daily-ish reports on Israel's destruction and siege of Gaza and the West Bank.
English-language Palestinian Marxist-Leninist twitter account. Alt here.
English-language twitter account that collates news (and has automated posting when the person running it goes to sleep).
Arab-language twitter account with videos and images of fighting.
English-language (with some Arab retweets) Twitter account based in Lebanon. - Telegram is @IbnRiad.
English-language Palestinian Twitter account which reports on news from the Resistance Axis. - Telegram is @EyesOnSouth.
English-language Twitter account in the same group as the previous two. - Telegram here.
English-language PalestineResist telegram channel.
More telegram channels here for those interested.
Various sources that are covering the Ukraine conflict are also covering the one in Palestine, like Rybar.
Russia-Ukraine Conflict
Examples of Ukrainian Nazis and fascists
Examples of racism/euro-centrism during the Russia-Ukraine conflict
Sources:
Defense Politics Asia's youtube channel and their map. Their youtube channel has substantially diminished in quality but the map is still useful.
Moon of Alabama, which tends to have interesting analysis. Avoid the comment section.
Understanding War and the Saker: reactionary sources that have occasional insights on the war.
Alexander Mercouris, who does daily videos on the conflict. While he is a reactionary and surrounds himself with likeminded people, his daily update videos are relatively brainworm-free and good if you don't want to follow Russian telegram channels to get news. He also co-hosts The Duran, which is more explicitly conservative, racist, sexist, transphobic, anti-communist, etc when guests are invited on, but is just about tolerable when it's just the two of them if you want a little more analysis.
On the ground: Patrick Lancaster, an independent and very good journalist reporting in the warzone on the separatists' side.
Unedited videos of Russian/Ukrainian press conferences and speeches.
Pro-Russian Telegram Channels:
Again, CW for anti-LGBT and racist, sexist, etc speech, as well as combat footage.
https://t.me/aleksandr_skif ~ DPR's former Defense Minister and Colonel in the DPR's forces. Russian language.
https://t.me/Slavyangrad ~ A few different pro-Russian people gather frequent content for this channel (~100 posts per day), some socialist, but all socially reactionary. If you can only tolerate using one Russian telegram channel, I would recommend this one.
https://t.me/s/levigodman ~ Does daily update posts.
https://t.me/patricklancasternewstoday ~ Patrick Lancaster's telegram channel.
https://t.me/gonzowarr ~ A big Russian commentator.
https://t.me/rybar ~ One of, if not the, biggest Russian telegram channels focussing on the war out there. Actually quite balanced, maybe even pessimistic about Russia. Produces interesting and useful maps.
https://t.me/epoddubny ~ Russian language.
https://t.me/boris_rozhin ~ Russian language.
https://t.me/mod_russia_en ~ Russian Ministry of Defense. Does daily, if rather bland updates on the number of Ukrainians killed, etc. The figures appear to be approximately accurate; if you want, reduce all numbers by 25% as a 'propaganda tax', if you don't believe them. Does not cover everything, for obvious reasons, and virtually never details Russian losses.
https://t.me/UkraineHumanRightsAbuses ~ Pro-Russian, documents abuses that Ukraine commits.
Pro-Ukraine Telegram Channels:
Almost every Western media outlet.
https://discord.gg/projectowl ~ Pro-Ukrainian OSINT Discord.
https://t.me/ice_inii ~ Alleged Ukrainian account with a rather cynical take on the entire thing.
China is selling off US bonds rapidly. By end of last year they were at a 14-year low.
Remember that the total value of foreign-held US bonds are essentially the equivalent of the US military budget. As military spending increases, if China is divesting from bonds, then the US needs to make up the gap either by eating Europe, canabilizing itself, or using puppets in the periphery and demanding they buy more bonds. That last one though is showing signs of failing as more and more right wing puppets find that they absolutely have to work with China. So the US and Europe are now in a position to funnel all of their collective wealth into bombs, essentially lighting all of it on fire.
This is exactly what BRICS needs to be come ascendant. And, couple that with the need to rebuild after war and BRICS will fill that gap more effectively than the US soon.
From what I understand they are also buying agency bonds instead. They are choosing a higher payout for higher risk. Meaning they are buying into bonds related to mortgage loans. In theory the higher interest rates by the FED should have diminished the value of real estate and mortgages, but in practice the chinese were either lucky or smart enough to make bank from an atypical situation with the way US inflation is going. So the Chinese are still invested in the US economy. But they are doing so as a creditor and maximizing their gains, rather than trying to displace it's finance.
Good details. I don't think that changes the calculus for bonds -> military spending, but I could be wrong on that.