Socialism News

Caracas - It's that time again. The intellectuals of society, media pundits, Hollywood celebrities and politicians will celebrate and admire a leader who embraced socialism, confiscated private property, murdered his opposition and imposed failed economic policies.

As we enter a new age of thinking, it seems as though the ideals of the American Dream are stuck in antiquity. It is these residual industrialist ideals that keep people hanging on to the old world while being left behind by the new.

Ottawa - The New Democratic Party, the main opposition party in the Canadian federal parliament, may rewrite to preamble to the party constitution. The preamble still has a few phrases that make favorable reference to "socialism".

La Paz - Bolivian President Evo Morales yesterday announced the nationalization of utility companies owned by Spanish based energy group Iberdrola, the latest in a series of nationalizations of key Bolivian industries.

London - Thirty years ago, Arthur Scargill was idolised by Britain's coal miners. Yesterday at the High Court he lost a legal action against the union he once headed.

Venezuelan politics is in uncharted territory these days, as Hugo Chavez faces his strongest opponent since 1998, when he leaped to power.

Antony C. Sutton died ten years ago today. A mainstream academic, his researches have put flesh on the skeleton of what were once regarded as at best conspiracy theories and at worse, scurrilous or ludicrous ravings.

Socialism is fine until you run out of other people’s money to spend,” or so goes the metaphor. Francois Hollande, the newly-elected President of France, will have an opportunity to prove such right-of-center prophesying false.

Paris - François Hollande, 57, is the second socialist President in the history of France's Fifth Republic. He won promising a new paradigm based on less austerity and more growth.

UK Labour leader Ed Miliband publically rejected the label "Red Ed". But as questions continue to mount about his leadership and he struggles to find a power base in his party, he desperately needs a political identity.