Argentina’s approval of a one-off wealth tax has been presented as a model by some on the left in Britain, as well as in other Latin American countries – where the idea is very popular. What is its real content, however, and is it a useful proposal to deal with the crisis of capitalism and the impact of the COVID-19 pandemic?

The COVID-19 pandemic has created one disaster after another in Latin America, exposing the naked contempt of the ruling class for the workers of the region. But with the memory of Red October still fresh, this explosive new development is preparing revolutionary upheaval in the near future.

We republish here an article Alan Woods wrote on 9 February 2002 as a polemic with the Argentinean Partido Obrero (PO - Workers’ Party) on the question of the slogan of a Constituent Assembly. The debate took place in the aftermath of the Argentinazo: the powerful uprising on 19-20 December 2001 against the government of De la Rúa, under the slogan of ¡Que se vayan todos! (Kick them all out). The mass uprising managed to overthrow one president after another and clearly posed the question of who ruled Argentina: the official institutions or the masses on the streets.

On 9 March, comrades of the IMT participated in marches and strikes in commemoration of the International Working Women’s Day in Argentina, participating in the mobilisations in Buenos Aires and Rosario. In both places, the marches were massive, in Rosario alone, more than 50,000 people gathered, including women, men and youth; a mix of political parties; feminist groups and unions, who marched to the Monument to the Flag.

In this article for America Socialista (published 17 January), Jorge Martin looks back on the tremendous ‘Red October’ that swept Latin America last year, with insurrectionary movements in one country after another. Where did these eruptions come from? What were their limitations? What lessons were learned? And what is the perspective going forward?

Mauricio Macri has been defeated at the ballot box. Undoubtedly, these elections have demonstrated the willingness of the workers, students and youth to put an end to Argentina’s structural adjustment policies.

“Money is the universal self-established value of all things. It has, therefore, robbed the whole world – both the world of men and nature – of its specific value.” – Karl Marx (1843)

From space, in various satellite images, you can see columns of smoke and suspended particles ascending above the most extensive and biologically diverse tropical forest in the world: the Amazon.

In the last week of March, the global capitalist crisis was expressed in the fall in value, over two consecutive days, of the most important stock exchanges in the world. Added to this is the collapse in the currencies of the so-called emerging economies and the deepening trade war between China and the United States. Although still in its early stages it is set to be a shock to the global economic system. In short, we are in the throes of a recession and are yet to witness its full extent.

On 25 September, a general strike paralysed the Argentinian economy. In a demonstration of the enormous power of the working class, public transport came to a standstill, schools and universities were shut, public institutions and banks closed and private industry ceased to function. Meanwhile, president Macri was in the US making further concessions to the IMF in a desperate attempt to get a larger bailout.

Since the beginning of 2018, the Argentinian peso has fallen 30 percent against the dollar, reaching 25 pesos per dollar. The severity of the crisis has forced the government to raise interest rates to 40 percent. Seeing that this didn’t help, the government has taken steps to ask the IMF for a multi-billion-dollar loan to prop up the faltering economy. Seemingly coming like lightning from a clear blue sky, what this pending disaster really reveals is the fragile state of the Argentinian and world economy.

En los primeros días de febrero la Corriente Socialista Militante, Sección Argentina de la Corriente Marxista Internacional realizó un nuevo Congreso anual partidario, sesionando en Rosario los días 3 y 4 de febrero. La caracterización de la Situación Internacional, su expresión en la región, la etapa que atravesamos de la lucha de clases, el salto cualitativo en la conciencia y en la lucha de masas contra los embates del gobierno de Macri Cambiemos, el papel de los Jefes Sindicales y otros temas fueron motivo de este valioso y rico encuentro entre los camaradas de la CSM. Las conclusiones y la construcción de un Partido de clase y nuestra construcción fueron el cierre de las jornadas


Following huge protests against counter-reform of the pensions system in Argentina in December, the right-wing Macri government has launched an offensive of repression and criminalisation against left-wing organisations and activists. Two members of the Partido Obrero (Workers’ Party) have been arrested, and several activists from other organisations (including members of parliament) have been indicted. The International Marxist Tendency expresses its solidarity with the comrades, demands the end to all repression and calls on working-class and solidarity activists internationally to show their support.

Ante la infame imputación por parte del Gobierno Nacional y la Ministra Patricia Bullrich, contra el Partido Obrero, de haber colocado dos bombas caseras en un carro de asalto de la Guardia de Infantería -frente al Departamento Central de Policía Federal- el viernes 05/01, la Corriente Socialista Militante -Corriente Marxista Internacional- repudia dicha acusación y se solidariza con los compañeros del PO.

El gobierno de Cambiemos se ha cobrado otra víctima. Rafael Nahuel un trabajador de la comunidad Mapuche de Bariloche de tan solo 22 años, cayó fusilado por la Agrupación Albatros de Prefectura Naval Argentina en ocasióndel reclamo de tierras.

Desde la Corriente Marxista Internacional y su sección argentina, Corriente Militante Socialista, repudiamos el acto de violencia y asesinato cada vez más naturalizado y abierto del gobierno argentino hacia dirigentes sociales, campesinos y aborígenes. Asesinaron a Santiago Maldonado, ahora Prefectura asesina al joven Rafael Nahuel de 22 años, de Villa Mascardi en Río Negro. Ya ni siquiera encubren sus crímenes, la posesión y la concentración la van naturalizando hacia la sociedad civil. Rafael, participaba de las luchas comunitarias mapuches por la tenencia legítima de los territorios, fue asesinado a sangre fría y otros comuneros y mujeres fueron heridos y perseguidos monte adentro,


La ofensiva desatada por la gestión Macri no encuentra precedentes en la historia Argentina. Muchos hacen hincapié que la actual crisis encuentra su similitud de la década de los ’90 cuando la ofensiva neoliberal campeaba el planeta.

En medio del jolgorio electoral del partido gobernante, Cambiemos, la aparición de un cuerpo en las aguas del río Chubut que podría ser el de Santiago Maldonado, recrudeció con virulencia el tema de la desaparición forzada de Santiago. El último trayecto de la campaña electoral quedó así, empantanado para los partidos del régimen ante la conmoción de la mayoría del país por esta noticia.