Archive for 'Socialist Worker UK'
The UK government has spectacularly failed in its mission to reduce the deficit. Dave Sewell in Socialist Worker UK shows that even if it achieved its aim it would do nothing for ordinary people.
The Syrian revolution has few friends. Western powers want to tame it, Russia wants it crushed, and none of them want it to succeed. But despite recent defeats, it remains resilient. There are few illusions left in Syria. The revolution is learning the bitter lesson that it can only rely on itself.
Both the US and Britain had higher than 90 percent debt after the Second World War. Rapid economic growth made this problem disappear. And this points to the real problem facing Western capitalism today. The rate of profit today is much lower than it was in the late 1940s and early 1950s.
But this is beyond the ken of Kenneth Rogoff and Carmen Reinhart and their ilk.
In Europe as well as the US the super-rich and their media and political hangers on have done very well in the neoliberal era. This coalition has defined the deficit as the big problem that is holding the economy back.
Obama agrees with the Republicans about this. So he ended the debt crisis in July 2011 by agreeing on a set of tax increases and cuts in spending that were set to come into effect automatically on 1 January. The only way to stop this was for Congress to come up with a programme of measures to cut the deficit.
These automatic increases and cuts are the fiscal cliff.
The struggle for real justice and democracy continues. Many Tunisians are angry that the new government has done little to fulfil promises made in the run-up to the elections. Unemployment is over 17 percent. And the security forces have responded viciously to sit-ins outside parliament and other protests. Strikes and protests across the country—particularly outside the capital—are shaking the government. Graffiti stating, “The people want another revolution” has appeared in the farming town of Siliana.
The disarray of the Republican Tea Party right will give confidence to all those that want to fight back. Our hope must be that in doing so, workers discover the power to unite and go well beyond the Democratic Party that has taken their votes for granted and delivered so little.
After the Titanic sank there was a rush to provide additional lifeboats on transatlantic ships and legislation was rapidly brought in to make this compulsory. The notion was that you should have sufficient lifeboat capacity for the passengers you are carrying. I think only capitalism could have evaded this until such a late point.
What would I conclude? The flawed “ideal city” of the Titanic sank into the abyss. Unfortunately the model survived on land.