It’s reported that, ‘Spanish authorities are sounding the alarm over olive oil prices, which continue to rise and may eventually turn this Mediterranean staple into a “gourmet product,” the newspaper El Mundo reported, citing sources in the Ministry of Agriculture.

Olive oil from Andalusia soared to €8.20 ($8.90) per liter last week, marking the highest price ever recorded for Spanish olive oil, according to data from Mintec, representing a 115% year-on-year increase. Meanwhile, the price surge continues.

“The market takes it for granted that prices will keep rising until at least the end of the year,” the outlet noted, adding that extra virgin prices are expected to reach €10 per bottle by autumn.

Shelf prices for olive oil in a number of Spanish supermarkets have already surged to €8.50 per litre making the product almost unaffordable for middle-class households, the outlet said.

The Spanish olive oil sector is currently grappling with mounting concerns regarding availability in the coming months following the severe drought that Spain has been experiencing since last summer.

In the agricultural year of 2022-2023, olive oil output in Spain more than halved to 675,000 tons, representing a 54.7% slump year-on-year. This made the country’s current output volume the worst so far this century, the outlet wrote, citing data from the Agriculture Ministry.

The July report from the Spanish government also revealed a significant reduction in stocks, which declined by approximately 73,000 to 75,000 metric tons last month’.

The 1973 coup against democratic socialism in Chile still matters – there, in Britain and beyond

This recent article perpetuates a fifty year old myth.   Facts should still matter: the term ‘democratic socialism’ is a tautological misnomer, and in her book Democracy and Revolution: Latin America and Socialism Today D. L. Raby writes “with a president voted in by only 36 per cent of the electorate and a coalition which only briefly achieved a little more than 50 per cent (in April 1971), there was no real mandate for revolutionary change.”

Read more here.

It’s reported that, ‘Food prices in Spain soared by 30.8% in July compared to the same month in 2019 before the outbreak of Covid-19, El Mundo reported on Friday, citing the latest data from analytics firm Funcas.

Overall prices more than doubled in the EU’s fourth largest economy, surging by 54.4% over the past two decades, figures show. Food prices alone surged by 79.3% over the same period.

Among the products that saw the steepest price rises over the past year were sugar (44.2%), potatoes (38.8%), rice (22%), canned fruits (19.4%) and confectionery (18.2%). Milk rose by 17.6%, pork by 15.8%, eggs by 12.8%, and fresh fruits by 11.6% in the same period, according to the data.

Olive oil jumped by 115% year-on-year, marking the highest price increase ever, according to data from Mintec.

Spanish food inflation was driven by a number of factors, such as soaring energy, fuel, and fertilizer prices, as well as a shrinking supply of certain commodities on the global market, Funcas said.

A prolonged drought, which Spain has been experiencing since last summer, also contributed to the rising food prices. Severe weather conditions are now threatening the global olive oil supply, with prices spiking around the world. 

In the coming months the price surge will continue in Spain, according to El Mundo, with overall inflation expected to reach 5% in December’.

 Tomorrow’s evening meeting;

George Orwell’s ANIMAL FARM was first published in England on 17th August, 1945.

(9) Animal Farm (HD Remastered) English – YouTube

 George Orwell’s ‘Animal Farm’. This is a good and amusing satire on the process that has taken place in Russia since 1917 up to the time of writing, 1945. Orwell portrays the 1917 Revolution by a rebellion of the animals on a farm in which they turn out the human owner and take over the farm themselves. The pigs take on the leadership of the new order and the old boar, Comrade Napoleon, by astute manoeuvring called “tactics” becomes the great chief. The process of hoodwinking the working animals whilst steering the rebellion away from its original course until the animals are dumbfounded to find that they are working harder and are poorer fed than in pre-rebellion days and that in all other respects the system is the same as ever, is well described.

“Comrade Napoleon” is, of course, a caricature of Stalin, whilst ex-comrade Snowball, represents Trotsky. Other characters are easily identified. There is the horse, Boxer, who has a cure for all problems by working harder and whose motto is “Comrade Napoleon is always right.” He finally works himself to a weak and useless condition, and the pigs send him off to the knacker’s yard.

In the space of a couple of hours reading, George Orwell has described by his satire what other writers have failed to describe as adequately in hundreds of stodgy pages. His animal characters are often wise but funny, instance the donkey, Benjamin, who has lived for many years and who, when told that God had given him his tail to whisk away the flies, replied that he could well do without the tail and the flies. Good for the holiday, both of them. Just as good if you have had the holiday or even if you do not get one.

W. Waters

It’s reported that ,’The unemployment rate in Britain has reached its highest level in nearly two years, the Office for National Statistics (ONS) reported on Tuesday, adding that the spike was mainly driven by an increase in the number of people unemployed for up to six months.

According to the ONS, the number out of work increased to 4.2% compared to 4% recorded in the three months to the end of May, as the amount of job vacancies dropped by 66,000 to 1.02 million.

Meanwhile, wages have risen, with private-sector wage growth increasing to 8.2%, more than a key measure of inflation. Average weekly earnings, excluding bonuses, hit an annual growth rate of 7.8%, reaching record highs.

However, the growth was outpaced by the rate of price rises in Britain, meaning an effective pay cut for its working population.

The country remains in the grips of a severe cost-of-living crisis, with a higher inflation rate than other major European countries. Annual inflation in the UK currently stands at 7.9%, the highest among G7 nations’.

Capitalism, Your Name is Misery

Inflation is officially falling

As unemployment rises in its place,

Each is misery, with a different face,

But both aspects are equally galling.

All pay increases will be quickly lost,

And are, at best, a temporary mask.

Yet, the most pertinent question to ask

Is surely, why should living have a cost?

After all, there’s wealth enough to go round,

Created by workers for such a small

Allowance as wages, instead of it all:

So, reasons for radical change abound.

Abolish money and inflation’s gone,

Once the battle for socialism’s won.

D. A.

Lest we forget – Peterloo

200 years ago, working people in Manchester and surrounding towns were becoming increasingly vocal in their demands for political reform. They were angry about the fact that most of the population could not vote, that corruption was rife, and that urban areas were grossly under-represented in Parliament.



50-60,000 people arrived at St Peter’s Fields on 16 August 1819 to hear radical Henry Hunt campaign for parliamentary reform. When Hunt began to speak the Manchester Yeomanry were sent in try to arrest him, and attacked anybody who got in its way. The sabre-wielding cavalrymen charged into the crowd. At least 11 people were killed and 400 injured. Estimates of the final death toll vary widely and the true number will never be known.



The events were dubbed Peterloo, an ironic reference to the Battle of Waterloo that had taken place four years previously was one of many brutal battles in capitalism’s ongoing class war. Peterloo is an event which deserves to remembered — especially by those who claim that the British working class has no ‘revolutionary’ tradition.



William Hulton was the magistrate who gave the order for troops to violently disperse the peaceful, pro-democracy protest. Hulton was born into a family of wealthy landowners. 

Seven years before Peterloo, as a justice of the peace, Hulton had already sentenced four Luddites to death for setting fire to a weaving mill in Westhoughton, near Bolton. One of those hanged was just 12-year-old.

Eleven of the leaders were arrested by the troops. They were charged with conspiracy and illegal assembly. Hunt was sentenced to two and half years in prison, Middleton weaver, Samuel Bamford, and others to one year.

 In an atmosphere of government repression and provocation stretching back a quarter of a century, there can be no doubt that the massacre fitted in with the strategy of the ruling class. The use of state power against those who were unprepared simply to accept their lot continued.

 Depicting Peterloo as an aberration, out of character with British values, obscures the reality that this was business as usual, at home and abroad, then and now.

 Peterloo was just one particularly brutal battle in the class war of capitalism — which still persists today. And there should be few workers with any doubts as to which side they should be fighting on.

Reposted from SOYMB, 16 August, 2019

https://www.youtube.com/watch?v=eh_pikNlEp4

It’s reported that: ‘Prices for food and beverages sold in French supermarkets soared 13.1% in July on an annualized basis, according to the latest data published by the national statistics bureau INSEE.

In particular, prices of meat and drinks rose by 11.3% and 10.1% respectively, while other food products saw price increases of up to 15%. Meanwhile, the cost to French consumers of cleaning and personal care products increased by 9.4%.

The annual inflation rate in France stood at 4.3% last month, down from a record 4.5% increase marked in June, remaining in line with preliminary estimates and marking the lowest since February 2022. Inflation reportedly eased due to declines in energy prices and to more moderate increases in the prices of food and manufactured products.

Last month, the French government sent a 2024 spending plan to parliament that calls for a €4.2 billion ($4.7 billion) cut in outlays, marking the first reduction in nearly ten years. Paris is planning to spend €428.8 billion in 2024 as the nation is targeting a budget deficit of 4.4% of gross domestic product (GDP) for 2024, down from a goal of 4.9% this year.

The aim is to bring that below 3%, the limit set under European Union rules, by the end of the second term of President Emmanuel Macron in 2027.

The spending cut comes on top of an urgent need to reduce the sovereign debt, which reached 111.6% of the nation’s GDP. The austerity measures are expected to ensure the reduction of public debt to 108.3% of the economy by 2027’.