The liquidity issues that are emanating out of Europe are extending around the world very quickly. I will not pretend, for I am not an economist or would I ever care to be one either. I try as best as I can to grasp the rudiments and simple ABCs of it; then inevitably I get board with it all.
But you have to take some of the numbers in just to try and make sense of it all; a general conscious awareness is needed, especially when things are coming off the rails again market-wise in the world.The weakness in the European periphery is infecting the core, and America is up the creek without a pedal; that seems to be quite a concise and to the point annalist of the world situation developing today.
So together, the working class faces a determined foe - a parasitic financial elite whose only response to the crisis it has created is ever more draconian all out attacks on our living standard and social conditions, not just here but all around the world.The main stream political parties of this country, cannot make any decision of substance unless first ratified by the financial aristocracy.
Having spent the last three years throwing money at the gambling banks, they are now intent that working people will be made to pay the price for their mess. As the crisis of capitalism compounds and intensifies, the working class must now break decisively with New Labour and take up a new fight for socialism, this blog urges workers in or out of work to join with our young people and build a movement for revolution and bring an end to the world dictatorship of capitalism.