KARACHI, Feb 19: “The world is facing a new wave of savage military aggressions and economic crises after the cold war”, observed a noted leftist intellectual Ali Amjad Advocate.

Mr Ali Amjad was presiding over the function organised by the Communist Mazdoor Kissan Party to observe the 4th death anniversary of Dr Aizaz Nazeer.

The speakers included Dr Abdul Hai Baloch, Ahmed Altaf, Ali Yawar, Omar Baloch, Kamal Warsi, Manzoor Razi, Mirza Maqsood, Shiekh Majid and A.R. Arif

Recalling the services of late Dr Aizaz Nazeer, they stressed the need to forge unity among trade unions to launch a genuine labour movement in the country for the restoration of the rights of workers.

They criticised the military regime for mortgaging the country’s sovereignty and interests to American imperialism. They also castigated the privatisation of commercial and industrial units in the public sector.

In his presidential remarks, Ali Amjad termed religious extremism and the subsequent terrorism the outcome of the American policy against the Soviet Union during the cold war.

He said that intolerance and terrorism bred by religious fanaticism could not counter imperialists monsters. The only option, he said, was the broad-based unity of anti-imperialists forces to contain and frustrate imperialist design.

Referring to the ongoing economic crisis, he said it was an indication of the failure of moribund capitalism as an engine of economic upswing, after the passage of a particular economic phase. He said that capitalism today was enmeshed in its inherent contradictions, bankruptcy, and corruption, as was quite evident from the sudden collapse of Enron, a giant American energy corporation.

He added that what the developing nations needed was the unity and cohesion of the countries across the globe for a unified and concentrated fight against the mischievous mechanisms of the IMF, the World Bank and the WTO which were bent upon destroying the already weak economies of the Third World.