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Investors are calling time on cryptocurrencies, following the downfall of the FTX exchange and its founder, Sam Bankman-Fried. But this episode is only the latest in a long line of speculative bubbles – a symptom of the insanity of capitalism.

Over two months since the beginning of the revolutionary uprising of Iranian youth, following an ebb under heavy repression, a new round of protests took place between 16-19 November, which show the whip of counter-revolution driving the movement forward. For final victory to be achieved, there must be mass, organised participation by the working class!

Mass sackings are occurring across the tech industry, including at online behemoths such as Twitter and Facebook, portending trouble for investors, users, and employees. It is time to take Big Tech under public ownership and workers’ control.

On Sunday, Nov. 20, the bargaining team for 55,000 Ontario CUPE education workers agreed to a tentative agreement with the Ford Conservatives, canceling their planned strike. The agreement, which will be put to members for a vote this week, has been widely criticized by hundreds of members of our union, as it only contains a $1 annual wage increase over four years.

Thirty years after the launch of the Hubble telescope, its successor, the James Webb telescope is now operational. Big Bang cosmologists expected it to show young galaxies just a little after the universe’s own ‘beginning’. But having peered deep into the cosmos, the James Webb telescope is sending back images that defy the established cosmology, and point to a universe that is infinite in time and space. This article is included in issue 39 of the In Defence of Marxism magazine, click here to buy a copy and subscribe!

Marxism 2022, this year's revolutionary school of the IMT in Sweden, was special. As the working class is reawakening in one European country after another, the relevance of the ideas of Marxism has never been more evident. Sweden is no exception, as proven by the fact that thousands of miners in Kiruna and Malmberget – defying the union bureaucracy – have just raised a radical demand for a 20 percent wage increase.

Revolutionære Socialister, the Danish section of the IMT, recently held its annual ‘Revolution Festival’. With more than 110 attendees from across Denmark, the festival was an unequivocal success. Comrades and guests left the festival with a higher level of understanding of Marxism and revolutionary theory, as well as a renewed will and energy to fight for the overthrow of the capitalist system.

Late on Tuesday, the world was shocked to hear the Polish president’s statement that his country had been hit by a Russian missile (or missiles).

In April 2022, Viktor Orbán secured a fourth consecutive electoral victory in Hungary. His party, Fidesz, won over 54 percent of the vote, the highest vote share by any party since the restoration of capitalism in Hungary. But a lot can change in seven months. Now, public discontent with the economic crisis is rising, and the working class and youth are beginning to take action, despite the government’s divisive demagogy.

12-13 November saw a whole weekend of discussions on Marxist theory and revolutionary strategy, involving more than 120 school and university students, apprentices, and workers from all over Germany, as well as Austria, Switzerland and Great Britain. This was a great success for the German Marxists!

19 October marks 65 years since the death of Vere Gordon Childe – an archaeologist who, by applying the Marxist view of history, made enormous leaps forward in our understanding of early human societies and the Neolithic revolution.

The crisis of the capitalist system in Pakistan is reaching unprecedented levels, reflecting the fact that it is one of the weakest links in the chain of world capitalism. Alongside the political and economic crises, the crisis of the state is unravelling to a degree never seen before, leading the whole society into an abyss of misery and wretchedness.

On Sunday 13 November, hundreds of thousands of people flooded the streets of Madrid against the criminal health policy of Isabel Díaz Ayuso's right-wing Community of Madrid Government, and in defence of public health. Ayuso, whose colossal arrogance is equivalent to her ignorance and idiocy, is beginning to see her popular support undermined, even among the middle-class elements that formerly supported her. What is needed is a final push to bring her down.

When Russia's defence minister appeared on state media to report that he had ordered a withdrawal from the west bank of the Dnipro River, including from the city of Kherson situated on the east bank, the news was immediately hailed by the western media as a great victory for the Ukrainian army.

On 11 November 2022, the Halla Bol (“Raise Hell”) youth convention was organised by Progressive Youth Alliance Karachi at the Sindh Scouts Club. Hundreds of students, workers and political activists participated in the convention, which represented a declaration of war against unemployment, inflation, sexual harassment, expensive education, national oppression and capitalism. 

What a huge success! Last weekend, 216 workers, high school and university students took part in the ‘Marxist Autumn School’ in Bern, to educate themselves about Marxist theory, and prepare for the Swiss and world revolution. This was the biggest event ever organised by the Swiss section of the International Marxist Tendency. The forces of Marxism are on the march!