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Jorge Martin Profile picture
@marxistJorge
Apr 13, 2022 • 9 tweets • 4 min read • Read on X
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1/ Today is the 20th anniversary of uprising which defeated the coup in Venezuela. Also Rodney Alvarez will walk free after spending nearly 11 years in jail accused of a crime he did not commit and for which he was never sentenced. #1eroMayoSinTrabajadoresPresos
2/ Rodney Alvarez was a trade union activist at Ferrominera, the state owned iron works in Bolivar state. On June 9, 20011, during a union assembly at the plant gates there was a shoot out and worker Renny Rojas was killed. Eyewitnesses identified Hector Maican as the gunman.
3/ Maican fled to the union offices inside the plant where he was arrested, with the gun, by the Bolivarian National Guard. The state prosecutor accused him of the killing of Renny Rojas a member of the PSUV youth. However, 2 days later Maican was released. Why?
4/ Maican was a leading member of the FBT, the powerful trade union faction linked to the then regional governor Rangel Gomez, who is said to have put pressure on the judicial authorities for Maican to be released. They needed a scapegoat: Rodney Alvarez, from a rival union wing.
5/ Rodney Alvarez was arrested at his place of work on 17 June 2011. His trial was postponed for 10 years! Finally on June 8, 2021 he was sentenced, without proof, to 15 years imprisonment for the killing of Renny Rojas. In December 2021 an appeal court judge annulled the trial.
6/ But still Rodney Alvarez was kept in jail pending a retrial. Finally, on April 11, the state prosecutor Tarek William Saab announced that his office had asked the judge to release Rodney, though it is not clear whether he will still face prosecution.
7/ The case of Rodney Alvarez is a scandal. It involves an extremely corrupt former regional governor, his henchmen in the FBT trade union bureaucracy and the repression against trade union activists by the state. Not what the Venezuelan working people defeated the coup for.
8/ English translation of an article written in 2019 by Lucha de Clases (Venezuelan section of the IMT) about the case of #RodneyAlvarez marxist.com/venezuela-free…
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More from @marxistJorge

Jorge Martin Profile picture
Nov 20, 2023
Far right "libertarian" candidate Milei (56%) has won the presidential run off in Argentina, beating Peronist candidate Massa (44%), the country's outgoing Finance Minister who had renewed a deal with the IMF and promised a government of national unity. Some initial thoughts: 🧵
1/ in 2014 right wing Macri was elected after years of Kirchnerist government (a form of left Peronism) which had benefited from economic stability and high commodity prices. Macri attempted an assault on workers' rights and pensions leading to mass working class opposition
2/ Huge protests against pension counter-reforms in Dec 2017 and then a general strike in Sept 2018. Macri could have been defeated by the mass movement, but TU bureacracy and Peronist politicians managed to channel the anger into electoral field. marxist.com/argentina-para…
Read 16 tweets
Jorge Martin Profile picture
Mar 13, 2023
Banking shares rapidly falling all over the world this morning, not just the US and not just regional banks, in the aftermath of the collapse of US regional banks. SVB Financial and Signature over the weekend. What caused their collapse and has it got wider implications? 🧵 Image
1/ One of the things which triggered the collapse of Silicon Valley Bank is the sustained rise in interest rates. In the period of ultra-low interest rates (a policy adopted to deal with the 2008 recession), banks borrowed massively through purchase of secure government bonds.
2/ When the Fed started to rise interest rates, the yield on bonds went down forcing SVB to declare a loss. At the same time, SVB was a bank specialising in lending to technology companies. They have taken a hit recently leading to mass lay-offs.
Read 14 tweets
Jorge Martin Profile picture
Mar 13, 2023
#SignatureBank has been shut down by regulators citing systemic risk. Second US regional bank to close down in a a week,after the collapse of Silicon Valley Bank. Depositors will have ALL money guaranteed, not just the $250,000 covered by Federal Deposit Insurance Corporation.
Biden: "Americans can rest assured that our banking system is safe. Your deposits are safe." Nothing is more certain to make depositors nervous than the President publicly telling they should not be nervous.
San Francisco's First Republic shares lost 65% on Monday, West Bancorp dropped 42%, Western Alliance Bancorp lost more than 70% as regional bank stocks fell sharply. Zions Bancorporation shed 39%, while KeyCorp fell 23%. Bank of America lost 6%, Charles Schwab tumbled 18%.
Read 6 tweets
Jorge Martin Profile picture
Mar 10, 2023
“Ian Wright and Alan Shearer have pulled out of Match of the Day this weekend in “solidarity” with Gary Lineker after the presenter was told to “step back” from his position”.
Source close to Gary Lineker says he has not agreed to step back from MOTD - claiming the BBC has taken him off air.

It’s understood Lineker is unwilling to apologise for his tweets and admit he should not have posted them.
Head and shoulders above Starmer's Labour in their opposition to the vile Tories. Better than the apologetic Labour left in making a stand and not retreating.
Read 8 tweets
Jorge Martin Profile picture
Oct 30, 2022
Far right Bolsonaro has been defeated. Lula has won the Brazilian presidential election despite the campaign of dirty tricks, attempts at voter suppression by the state. A few initial observations on the result and what it means: facebook.com/jorge.martin.1… Image
Bolsonaro still has not conceded defeat. He's expected to make a statement at 1pm local time.
Meanwhile, pro-Bolsonaro truckers block roads in 11 different states to protest Lula's victory and demanding military intervention
Read 15 tweets
Jorge Martin Profile picture
Oct 30, 2022
Count started in Brazilian presidential election 2nd round. Bolsonaro is expected to be ahead at the beginning.
#Eleicoes2022 Image
Opinión polls for the 2nd round of the Brazilian presidential election were giving Lula a 4 point advantage over Bolsonaro, but opinion polls underestimated Bolsonaro's vote in the first round. #Eleicoes2022
With over 50% of the polling stations counted, Lula and Bolsonaro are very close, with Lula increasing its percentage and Bolsonaro decreasing his. #Brazilelections #Eleicoes2022 Image
Read 10 tweets

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