The media, government and all the major political parties are constantly telling us about Tina - There is no alternative.We are told that this was all unavoidable, that it was the international markets and governments who had no control over this. We are told that this could not have been predicted, but these are all the lies which are constantly fed to us..
None of this was inevitable, Karl Marx pointed out over 150 years ago the inherent contradictions of capitalism, the constant and unavoidable cycle of boom and bust. It was not just the capitalist markets which caused this either. The deregulation of the banking sector around the world by governments, in the case of Britain by the Thatcher government, and maintained by New Labour over their 13 years in office made it possible for the 'elastic' to be stretched further to create an ever growing credit bubble. As with an elastic band the more it is stretched the harder it will snap and this has all been made worse by the de-industrialisation of Britain, the loss of manufacturing jobs and the replacement by service sector jobs has meant the British economy is extremely dependant on the finance sector which has plunged us further into crisis.
With high levels of unemployment there are nearly 1 million unemployed young people who are also having the door to higher education closed in their face.
We should not have to and we will not accept this. The banks should be fully nationalised and run democratically in a way where the profits can go into funding the NHS, education and other public services and not the other way around as the government is currently doing. We could scrap the war in Afghanistan, the replacement of the trident nuclear weapons systems and end the financial scam of Private Finance Initiatives (PFI) which allows private companies to make huge amounts of money out of providing public services at a lower standard.
Many people both in Britain and around the world are beginning to wake up to this reality and have begun to fightback in various ways, be it the recent student demonstrations and university occupations in Britain, the mass demonstrations and revolutions in North Africa and the Middle East or the mass movements developing in Wisconsin in the United States just to give a few examples. There are of course already some fantastic websites already covering these events which we fully support such as the Committee for a Workers' International (CWI - International organisation of which the Socialist Party is affiliated) website and of course both the Socialist Party and the Socialist Party Wales websites.