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The People's Statement on the Global Crisis is initiated by RESIST! and the Asia Pacific Research Network (APRN). RESIST! is an international campaign against neoliberal globalization and war.
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Jobs and Justice Manifesto
Over the last three decades the advanced capitalist countries have tried to overcome the recurrent crisis of overproduction and to keep their economies and profits growing through the neoliberal offensive of exploiting cheap labor, seizing raw materials and dominating markets across the globe. Since the 1990s, they have resorted more and more to financial devices: speculative profits and debt-driven consumption and production.
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| Class Struggles and National Debts |
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| Written by Rick Wolff |
| Wednesday, 05 May 2010 00:00 |
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The political conflicts and street battles in Greece today foretell what is coming to many countries including the US. The struggles are basically over what the government spends on and who pays the taxes. In today's class-divided societies, classes differ over what governments should do and who should pay the taxes. Governments in such societies often turn to borrowing -- which produces national debts -- as ways to defer and postpone the political problems of resolving class struggles focused on the state. By borrowing, governments can immediately accommodate -- at least partly -- the different class demands for government spending while postponing the raising of taxes into the future (when they will need to be raised more, of course, to repay the amount borrowed plus interest).
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| Last Updated on Friday, 07 May 2010 17:32 |
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