Debanking, an Authoritarian Threat to the LeftThe twenty-first century brought the utopian promise of an ever more interconnected world. Champions of globalization aspired to ever more international connectivity, meant to discourage powerful actors from creating divisions that might threaten the well-being or existence of others. It was rarely mentioned, however, that global interconnectedness could also allow individual actors in key positions of power to influence decisions across the entire network. Nowhere is this danger more evident than in the now-globalized banking sector. The serious consequences of interconnected global banking and finance have recently threatened the left-wing German solidarity organization Rote Hilfe (Red Aid). Citing the Trump administration’s declaration of an enigmatic German antifa group as a “terrorist” organization, a Göttingen-based bank attempted to shut down Rote Hilfe’s accounts. Similar cases have threatened other left-wing and anti-fascist groups in Germany and across the world. It lays bare the threat that “debanking” — the shutting down of accounts or refusal of services on political grounds — poses to the Left.
https://jacobin.com/2026/05/rote-hilfe-debanking-germany-repressionWhat Do People Attending a Tommy Robinson March Really Believe?What do the 60,000-odd people at a Tommy Robinson march believe? Surely – at a minimum – they all like Tommy Robinson? I have news: no. He’s a “Zionist shill”, “a grifter”, I was told by two of his own attendees. One man confidently told us he wouldn’t have come on the march if it had been associated with Tommy Robinson (the march was organised and emceed by Robinson, real name Stephen Yaxley-Lennon). Were they all, at least, united in their hatred of migrants? Not entirely, no – not least because some of them were migrants: Iranian monarchists, to be exact, here at Robinson’s request, they repeatedly told me. They held up banners of Robinson that depicted him and US president Donald Trump in shimmering light as saviours of the Iranian nation. Some called for the UK to immediately invade Iran. They were, at least, keen to underline that they were genuine migrants (as opposed to the fake ones you apparently get these days). Most of the British nationalists we spoke to looked on, bemused a
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