Wednesday, October 15, 2008

Round up on a crisis

It's been hard to know what to write over the last few months - so much has been happening, yet so little - I just couldn't bring myself to comment on the ins and outs of George Bush becoming the biggest failure in history (I mean, a pretty rabid right Republican president carrying out one of the most swinging nationalisations in history, he should get an order of Lenin award).

I'll just pip in with a small observation - in the 1930's international competition for finance, particularly the US cornering the market in gold - lead to a deepening of the crisis and war. This time round, the liberal democracies of the world have co-operated, and the various national capitalist classes have fallen in with the establishment in taking action to secure their future.

That is all. A blip. Let's move on and talk about socialising the economy so we won't have to go through this again.

p.s. Unemployment is >begining to rise at the time of the Great Depression unemployment of 1 million was seen as a national calamity - today that is the base line, they reckon we'll hit two - lets hope not more, I remember what 20% unemployment on Teesside looked like in the 80's - let's no go back, eh? This is something to worry about - lets hunker behind our unions while we organise a political fight back.

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Blogger Renegade Eye said...

To top it off, no bourgeoise economist warned about it.

5:51 AM  

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