Challenge Scotland AbcROceN: se avalladie al boom King St. For more info steps 4.30-5.30; Sat 11.30-2pm East at Barretts, Byres Rd; Clyde Tigr Sat s more anto contact pong cent, Hamilton or aul Youngson, 18 Forrest Crescent Wales ANGOR: sar l0-lz town centr ARDIES everv Sat in Bute Towi 10.30-12. Also avalladie 1-v-5 BOOKS, NEWPO: every Sat in town centre sales every Sat WANSEA: SC sales outside Co-op, Sat HUDDERSFIELD:
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at Headingly Arndale Centre. Corner Bank, High St; at BURY in the shor Nina al metro books MANCHESTER an Gortona Bookshops BANGOR: Holyhead BIRMINGHAM: Other Bookshop, DURHAM: Durham City Co-op okshop, 85a New Elve LFORD: South Essex Bookshop, 335 Order from SC, PO.
What's Left taking up valua 328 Upper St, London Ni 2XP.
BADGES MADE: Gi will make badges quickly and cheaply the struggle for socialism! Write Pos tres good 061-236-4905. Printsho Socialist Challenge Events SOCIALIST CHALLENGE needs a tel etch do an anet. Vital Tor VUT journalists' television crutiny and analysis. Can you help? If you are throwing out a wi Socialist Challenge 23 July 1982 Shopping Centre OLDHAM: SC m-a6i2 Sibur local acOXFORD: SC sold rri 12-2pm SHEFIELD: Se on sale thirsday. narvery 10am - 12 noon at Above Bar Post of SOUTHAMPTON • on sale STAFFORD: Son Sale Market Sa STOCKPORT: SC sold every SaturMersey Way. 483 800 on sale 11-1 every Cleveland Centre Mid. 1 ni outs side Woolworths Thur/Fri at tes, town entre from lamapm London BRENT: SC sold Willesden Junction Thur, Ealing ENFIELD: SC at Nelsons newsagents, Holloway Road KILBURN: SC sales yey Sahursday Square, Queens Park tube LAMDLIT NEWHAM:
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McConville's mittee in Solidarity with the Palestinian LEI THE developing revolutions in Central America and the threat of US invasion has dominated world politics over the last three years. But a new crisis is looming in the big Latin Revolutionaries received one million votes in Mexico. In Brazil, the todav:
scale. Debt so bargeint Colaus Just one figure can ilJvC.
Mexico and Brazil. ArgenThese sums of money American states to pay its down. Inis. coubled with The Economist in its 1982 of banking wrote of one re cent scare: "Brazil ... had teetered on the brink of rescheduling debt payments). It pulled itself round but left the feeling that disaster for the international bankers could Delusi aromande conder Poland looked big. Maybe this was it; the end of international finance WC know it.' The last time there was such an international accumulation of debt as this was in the 1920s. Then it was United States internal borrowing and loans to Germany for it to pay its In 1929 there was a banking crash. And knows that endedi This international debt situation is in fact just one of the first or the greal fears of imperialism over the new Latin American crisis which has been highlighted graphically by the Malvinas. The Argentinian military dictatorinternational capitalism as a new crisis to its ¡llall.
Lacc all The of this huge for imis now developing Latin America both the the imperialist investment small Europe the United LO C centres of industry pliant regimes workforces.
The War massive the as well South Korea and Taiwan. 1980, 37 per cent economy for Brazil: an end of the stability of the dictatorships? by industrial production higher proportion than Britain Mexico the figure was the same. In started development earlier, industrial production reached 45 per cent of the economy.
The second reason for the vast increase in deb was political. After the victory of Castro in 1959 the United States became determined to build up the Latin American states prevent any spread of the Cuban revolution.
The first arm of this was the seemingly unending SCUC military coups the US helped organise in Latin America Brazil in 1964, Bolivia build the Latin American states to prevent any Cuban revolution year and 1973, Argentina in 1976. These were aimed to crush the rising movement of the regimes stability they had to be given the possibility to achieve economic success. This was one of the aims of the colossal inter national loans to them throughout the 1970s.
There is no doubt that for a period this policy brought major results in terms of economic growth - although at the expense or appaling narasmp 101 the working The Brazilian economy panded continuously from 1964 onwards and by 1977-80 growth Wa. averaging over 6 per cent a year. Chile grew at 7 per cent a year in the same four years, Uruguay at 5 it ls ine Interes rales dolars. and 40 cents out oi position of the military regime in that country is weakening from day to day they need only note that despite this situation it has now been forced to raise wages, culateres and admit certain political liberties.
Finally for all the mator Latin merican stares 1980-82 economic recession, deepened by the policies of Reagan in the United States, dealt a further crushing blow. The only possibility repay the debt interest had been a major increase in exports which had been achieved in the 1970s. But the international recession meant a stagnation, , and then decline of trade in which the Latin American states could not compete.
The result was rapid economic decline in the last two years. Argentinian output fell 6 pe cent in 1981 and then 4½ per cent in the first three months of 1982 production in Brazil fell by over 9 per cent in 1981. Stagnant exports, declining production, and soaring represented the end of the period of growth and with it the end of the stability of the dictatorships.
STated
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England Bondon SCad, and aturdas 20ks. 3pm outside the Roman Baths. Phome Labor cia, Cerdand narket. More info Box Rd, Monupelier. Bristol
from Nowhere, Whitechapel siete York, ser
BRiGHTON The Public House, Lit- BRISTOL: Fullmarks, 110 Chetten-
109 Church Siet Wolern Books, OXFORD: EOA Books, 34 Cowley Has 5, Tercer ano an, 320 D0 Whichape, Lerpool D here WC2, Paperback Books. Brixion and
VEWCASTLE: SC on sale every Sist avallamic auDays of Hope bookshop,
every wed Holloway Road Tube and Highbury
FIGHT T TOR THIE
American states to the south and the ship is in deep trouble after its failure to regain the Malvinas.
Workers Party (PT) is one of the most rapidly growing independent workers parties in Latin American JOHN ROSS looks at the new developments in the United States
its more impor- tant ally over the
the US became determined to
per cent a year