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Cork - Event Notice Thursday January 01 1970 Global Financial Meltdown, Is this the end of Capitalism?
cork |
anti-capitalism |
event notice
Sunday September 21, 2008 20:21 by Joe Moore - Socialist Workers Party mapuche at eircom dot net 087-2994796
Public Meeing Cork. As major banks and insurance companies in the US are collapsing, we ask "Is This the end of Capitalism?" The bankruptcy of the fourth largest investment bank in the US, Lehman Brothers, has triggered fears of a wider banking collapse. On the same day another giant investment bank, Merril Lynch was sold off to Bank of America after writing off assets worth more than$40 billion in the last year. Then came the government buy out of insurance giant, AIG. |
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Jump To Comment: 1 2 3 4 5It is not acceptable that any bale-out with our money should go to shareholders and CEOs of corporations.
Ordinary working-class people should not have to pay for an economic crisis that is not of our making. Families should not be thrown out of their homes while our money is being used to prop up banks and insurance companies.
Come along to the meeting, and have your say.
In the context of the crash it is also important, in my view, to campaign vigorously against the proposed wage freeze and wage cut so-called partnership deal.
Recent figures show €48,500 produced for Irish bosses each year and a rate of exploitation of 60%, http://ballymunsocialist.wordpress.com/2008/07/04/avera...eeze/
BTW the same meeting is taking place in Finglas on Thursday 25 at 8pm in the Shamrock Pub at 8pm. Come along to any of these meetings and join in the discussion.
SWP stated; History never repeats itself. In fact it does, first as tragedy then as farce.
From the linked Time article (not bad, if fairly basic).
"...As [US] Treasury Secretary (and former Goldman Sachs chief executive) [Henry] Paulson recently said, "Raw capitalism is dead."..."
Regulationism, not Capitalism or Socialism, is the new System -
It kicked in with The Granny State,
It is inspired by yuppies, conceived by academics,
planned by bureaucrats,
executed by inspectors and police,
and directed by government. -
Kiss Goodbye to Freedom !
Regulationism has its popular expression among the people in uniform-like clothes,
such as the ubiquitous jeans
Regulationism is always dull and boring,
nothing unexpected is supposed to occur,
when it does eyebrows are raised,
especially at non-conformity -
Pin-stripe dark suits, please !
(Your politics are regulated too ).