The United Nations Security Council has underscored the need for continued international support for Guinea-Bissau, while voicing their concern over security in the West African country which faced an unsuccessful coup attempt last month by elements of the military. Renegade military elements launched an armed attack on the residence of President João Bernardo Vieira in the capital, Bissau, on 23 November.

Leading environment groups have opposed plans to hand over financing to check climate change to the World Bank. Industrialised countries may be required to provide more than 100 billion dollars for developing countries to build low-carbon economies, according to unofficial estimates. This money should not be handled by the World Bank, 142 organisations fighting for climate justice said in a joint statement Tuesday (Dec. 9) at the UN climate talks under way in the Polish city Poznan.

Ethiopian Prime Minister Meles Zenawi has told parliament African Union peacekeepers in Somalia want to leave. He said Ethiopian troops, due to pull out of Somalia at the end of the month, would cover their withdrawal. The AU force, from Uganda and Burundi, had been expected to stay and even beef up its presence to make up for the planned Ethiopian pull-out.

Rwanda's booming manufacturing and farming sectors could push growth in the country to 10% this year, according to the Rwandan central bank governor. Agriculture is particularly strong and is growing at a minimum rate of 10%, said Francois Kanimba.

Ghana's presidential election must be decided in a second-round vote, the electoral commission has announced. Governing party candidate Nana Akufo-Addo won 49.13% of the vote, against 47.92% for his rival, John Atta Mills, the commission said. But neither reached the 50% threshold needed for an outright win and a run-off will be held on 28 December.

A breakaway group of South Africa's governing party has won the right to use the name Congress of the People. The High Court ruling comes ahead of the new party's official launch and a day after it took a third of seats in the Western Cape by-elections.

Nigeria's Supreme Court has rejected the final challenge to last year's election of President Umaru Yar'Adua. Opposition leaders had asked the court to annul the election, saying there had had been violence and fraud.

South Africa has declared the border with Zimbabwe a disaster area due to a cholera epidemic that has killed nearly 800 people. Mogale Nchabeleng, a spokesman for the Limpopo provincial government in South Africa, said: "The whole of the Vhembe district has been declared a disaster. Extraordinary measures are needed to deal with the situation."

Zimbabwe President Robert Mugabe said Thursday a cholera epidemic has ended, even as the United Nations said more people have died and South Africa declared a disaster on its border because of the disease. "I am happy to say our doctors have been assisted by others, and WHO (the World Health Organization) and they have now arrested cholera," he said in a nationally broadcast speech.

Over 1,000 members of WOZA marched through the streets of central Bulawayo today to the offices of the state-owned Chronicle newspaper. The peaceful group distributed flyers calling on the so-called government to stand aside to allow the United Nations to deal with the humanitarian crisis. Other flyers distributed by the group demanded the immediate release of Jestina Mukoko, Violet Mupfuranhehwe and her two-year old baby and the other pro-democracy activists abducted in the last few weeks.

We - citizens of Haiti, political militants and unionists of the grassroots movement for democracy in our country - solemnly address ourselves to you on the eve of the election that will most likely make you the next president of the United States.

Almost eleven thousand participants, hundreds of thousands of hours spent in meetings and countless tonnes of carbon released into the atmosphere travelling there. The UN Climate Change Conference in Poznan, Poland, is happening this week. Want to get all the unmissable news from this hugely important event *without* contributing to the problem?

On the 60th anniversary of the UN Genocide convention, Henning Melber looks back at the progress that has been made to safeguard against the occurrence of genocide. In 1998, the International Criminal Court was formed and since then there have been significant advances and mechanisms set in place to prevent genocide as well as bring perpetrators to justice. What is required is the political will to act against genocide and those who perpetrate it, while safeguarding the rights of those at risk.

Shailja Patel ponders what lies behind the recent attacks in Mumbai. Pointing to the stark inequalities that exist in India and elsewhere in the world, she asserts that the same violence could play itself out in any other city where the poor and oppressed are daily confronted by the opulence and arrogance of the wealthy globalized elite. Why, she asks, should the privileged classes of any society be exempt from fear in a world where war is the corporate strategy to open markets?

The violent explosion of this crisis did not surprise us; I mentioned it a few months ago while the conventional economists were ignoring its genesis and consequences, especially in Europe. In order to understand it we must get rid of the conventional definition of the system which qualifies it as "neo-liberal" and "global". This definition is superficial and masks the essential. The current capitalist system is dominated by a handful of oligopolies that control the basic decisions making of the world economy. These oligopolies are not solely financial; such as the banks or the insurance companies, but include enterprises involved in industrial production, services, transports and the like. The way they are financiarized is their chief characteristic. We must understand here that the main source of economic decisions has been transferred from the creation of surplus value in production towards the redistribution of profits between the oligopolies. To that effect the system needs the expansion of financial investments. In that respect the major market, the one which dominates all other markets, is precisely the monetary and financial market. This is my definition of the "financiarization" of the global system. Such a strategy is not the result of independent "decisions" of banks, it is rather that the choice of the "financiarized" groups. These oligopolies hence do not produce profits; they just swipe the monopolies'rent through financial investments.

This system is extremely profitable for dominating sectors of the capital. Thus, the system should not be qualified as a "market economy" (which is an empty ideological qualification) but as a capitalism of financiarized oligopolies. However, financial investment could not continue indefinitely, while the productive basis was growing at a slower rate. Consequently, we have the logic of a "financial bubble", the sheer translation of the financial investments system. The gross amount of financial transactions amounts to two thousand trillion dollars, while the world GDP is only 44 thousand trillion . Quite a huge multiple! Thirty years ago, the relative volume of such transactions was not so large. As a matter of fact, those transactions were directed in general and specifically to cover the operations linked to production, and internal and external trade. The overall outlook of this financed oligopolies system was - as I said previously- the Achilles' heel of that capitalist structure. The crisis was doomed to be initiated by a financial collapse.

BEHIND THE FINANCIAL CRISIS, THE SYSTEMIC CRISIS OF THE AGING CAPITALISM

To focus on the financial collapse is not enough. Behind it, a crisis of real economy is standing out, since the financial drift was continuously asphyxiating the growth of the production basis. Solutions brought to the financial crisis can just lead to a crisis of the real economy, i.e. a relative stagnation of the production with its side effects: shrinking wages, growth of unemployment, increased uncertainty and exacerbation of poverty in the South. We should be talking about a depression rather than a recession.

Behind this crisis, looms a systemic crisis of capitalism. The pursuit of a model based on the growth of the real economy -as we know it- and of the consumption attached to it, has become, for the first time in history a real threat for the future of humankind and the planet.

The key factor in this systemic crisis relates to the earth's natural resources, now less abundant than half a century ago. The North-South conflict constitutes for that reason the central axis of coming struggles and conflicts.

The production and consumption-waste system at the moment constrains access to the world's natural resources for the majority of the planet's inhabitants, i.e. the peoples of the South. Previously, an emergent country could take its share of these resources without questioning the privileges of the affluent countries.

But today, it is no more the case. The population of opulent countries -15% of the planet's population- has to monopolize for its own consumption and waste 85% of the world resources, and denies the rest access to these resources, since this would threaten the living standards of the wealthy.

If the USA has formulated an objective of military control of the planet, it is because, without it, they cannot secure the exclusive access to these resources. As we know: China, India and the South as a whole need them as well for their development. For the USA, they must limit the access and ultimately, there is only one means: war.

On the other hand, to preserve fossil fuels, USA, Europe and others develop production of bio-fuel projects on a large scale, to the detriment of food production, causing a further rise in prices.

ILLUSORY ANSWERS OF THE GOVERNING POWERS

Governing powers, under the rule of financial oligopolies, do not have any other aim other than to preserve the current system. However, their success is not impossible, if they can inject enough liquidity to restore the credibility of the financial investments, and if the reactions of the victims -working classes and nations of the South- remain limited. But, in this case, the system steps back to better jump and a new financial collapse, still deeper, is unavoidable, since the "adjustments" for the management of financial and monetary markets are not wide enough, because they do not question the power of oligopolies.

Furthermore, responding to the financial crisis by injecting phenomenal public funds to re-establish the security of the financial markets is amusing: first, profits were privatized, if they are jeopardized, the losses are socialised! Heads I win, Tails, you lose.

CONDITIONS FOR A GENUINE POSITIVE ANSWER TO THE CHALLENGES

To say that the state interventions may change the rules of the game, lessen the drifts, is not enough. We must define the logic of that intervention and its social purpose. Of course, we could come back in theory to the formulas associating public and private sectors, to a mix economy as it existed during the glorious thirties in Europe and at the time of Bandung in Asia and in Africa, when state capitalism was largely dominant, accompanied by strong social policies. But this kind of State intervention is not on the agenda. Also, are the progressive social forces able to impose such a transformation? Not yet to my viewpoint.

The other choice is the toppling of the oligopolies' exclusive powers, unthinkable without, finally, their nationalisation leading progressively to the socialisation of their management. End of capitalism? I do not think so. Yet, I submit that changes in classes' relations are possible, imposing adjustment to the capital, in answer to the demands of working classes and peoples. The conditions for such an evolution to occur imply the progress of social struggles, still fragmented and on the defensive position altogether, moving towards a political coherent alternative. In that perspective, the long transition from capitalism to socialism becomes possible. The advances in this direction are obviously always uneven from one country to the other and from one phase to the other.

The dimensions of this desirable and possible alternative are numerous and concern all aspects of economical social and political life. I will recall here the general lines of this necessary answer: (i) The re invention by the working people of adequate organizations allowing the construction of their unity, bypassing the fragmentation due to the forms of exploitation (unemployment, precariousness and "informal"). (ii) The awakening of theory and practice for democracy associated to social progress and respect of people's sovereignty, not dissociated from them. (iii) The emancipation from the liberal virus based on the myth that the "individual" has already become the subject of history. Frequent rejects of ways of living associated to capitalism (multiple alienations, patriarchal relations, consumerism and destruction of the planet) signal the possibility of this emancipation. (iv) To get rid of atlantism (NATO) and militarism, associated to it, aiming at the organization of the planet on the basis of apartheid on the world scale.

In the countries of the North, the challenge is to avoid a situation where the general opinion adopts a consensus in support of privileges unacceptable by the peoples of the South. The necessary internationalism goes through anti imperialism and not the "humanitarian".

In the countries of the South, the strategy of the world oligopolies is to transfer the weight of the crisis on these peoples (devaluation of money reserves, fall of the export raw resources prices and rise of import ones). In counterpoint the crisis presents the opportunity for the renewal of national, popular, democratic alliance of working classes, and on that basis the move from a pattern of capitalist dependent development with growing exclusion of majorities towards an alternative pattern of inclusive development, in other words "delinking". This involves:

(i) The national control of monetary and financial market (moving away from the integrated global monetary and financial "market").

(ii) The control of modern technologies, accessible now (defeating the exclusive monopoly of the North, overprotected by WTO rules on industrial property).

(iii) The recuperation of the use of natural resources.

(iv) The defeating of global management, dominated by the oligopolies (WTO) and the military control of the planet by the USA and their allies.

(v) The liberation from the illusions of an autonomous national capitalism system as well as of passeist myths (para religious or para ethnic).

(vi) The agrarian question lies at the heart of decisive choices in Third world countries. An inclusive pattern of development needs a radical agrarian reform, that is a political strategy based on the access to land for all peasants (half of humankind). Conversely, the solutions proposed by the dominant powers -to accelerate the privatization of arable soil, and its transformation into merchandise- lead to massive rural disintegration. The industrial development of the concerned countries being not able to absorb this overabundant manpower, this one crowds together in shantytowns or risks its life trying to escape in dugouts via the Atlantic Ocean. There is a direct link between the suppression of access to the soil and the migratory pressures.

(vii) Can regional integration, while encouraging the emergence of new development poles, constitute a resistance and an alternative? Regionalisation is necessary, maybe not for giants such as China, India or even Brazil, but certainly for many other regions in South-East Asia, in Africa or Latin America. Venezuela has rightly chosen to create ALBA (Bolivarian Alternative for Latin America and the Caribbean's) and the Bank of the South (BANCOSUR), long before the crisis. But ALBA -an economical and political integration project- has not yet received the support of Brazil or even Argentina. However, BANCOSUR, whose aim is to promote another development, gathers these two countries, even though they still have a conventional conception about the role of this bank.

Progresses either direction, North and South, the basis of workers and peoples internationalism, constitute the only guarantees for the reconstruction of a better, multipolar democratic world, the only alternative to the barbarism of the aging capitalism. More than ever, the struggle for the 21st century socialism is on the agenda.

* Samir Amin has been Director of IDEP (the United Nations African Institute for Planning), the Director of the in Dakar, Senegal; and a co-founder of the World Forum for Alternatives.

* This paper was written for the inroduction of The World Forum for Alternatives in Caracas, October, 2008. It was translated from French by Daniel Paquet for Investig'Action and revised by Samir Amin

* Please send comments to [email protected] or comment online at www.pambazuka.org/

Name a global economic woe, and chances are Charles Needham is dealing with it. Market turmoil has knocked 80% off the shares of South Africa's Metorex, the mining company he runs. The plunge in global commodities is slamming prices for the copper, cobalt, and other minerals Metorex unearths across Africa. The credit crisis makes it harder to raise money. And fighting has again broken out in the Democratic Republic of Congo, where Metorex has a mine and several projects in development.

Dibussi Tande reviews the following blogs:

David Ajao
Muigwithania 2.0
Constitutionally Speaking
Reinventing Africa
Scribbles from the Den

Emphasising the centrality of consolidating links within the women’s movement in Africa, Carlyn Hambuba underlines the importance of involving grassroots women to ensure their voices be heard. With grassroots women increasingly sensitive to their own needs for representation, the author urges NGOs to refrain from simply speaking on behalf of others and to work towards the effective incorporation of local women into development debates.

Development must be people-centered! This was the specific re-assertion by the over sixty representatives from various governments, civil society organizations, NGOs and development partners attending the 2008 Civil Society Development Forum (CSDF) in Geneva last month. And in the words of Mr. Liberato C. Bautista, President of the Conference of Non-Governmental Organizations in Consultative Relationship with the United Nations (CONGO), “the nexus between human rights and sustainable development is not so much as a venue for consensus-making, for such venues have been amply convened, and in many occasions, failed to stir imaginations. The nexus matters because at the junction where human rights and sustainable development meets, they coalesce, they collaborate, they cross-fertilize and they become one”.

The Forum reviewed progress and further developed the recommendations and conclusions outlined in the 20-point Outcome Document resulting from the CONGO New York meeting convened in June 2008. These recommendations will subsequently be submitted to the ECOSOC Bureau and the United Nations Secretariat (UN/DESA) as well as feed into discussions at ECOSOC, including into ECOSOC's reporting to the UN General Assembly. Ultimately, these recommendations will be valuable instruments for assisting us in civil society and non-governmental organizations in shaping our own strategies and in contributing to discussions and debates around development at regional and global fora.

As Africa continues to experience profound transformations, be it political, economic, cultural, social, or technological, we are witnessing the wider populace getting more and more aware of their basic human rights. In many cases where their rights have been denied or disrespected, we have seen men and women, young and old, come out to confront their government leaders and demand for their rights. For instance, a number of countries have experienced some form of ‘citizen-pressure’ for broader participation and inclusiveness in political and economic decision-making, thus opening up political spaces where citizens are demanding for social justice, good governance, equity, accountability, human rights and democracy. Such demands have given birth to new ways of ‘doing’, ‘knowing’ and ‘being’ that is totally different and altering the status quo.

The European Union has said it will take "appropriate measures" to punish Mauritania after failing to restore constitutional rule, the French foreign ministry has said. Frederic Desagneaux, the foreign ministry spokesman, said on Thursday: "Given that the junta's proposals have been deemed insufficient by the international community, EU member states will examine, based on the proposals of the European Commission, appropriate measures".