Crisis opening in 2007

Sack the bank bosses! Bring finance under democratic social control

Author: 
Gerry Bates

Bank of England and government support for the banks so far totals something like the equivalent of £18,000 for every child, woman, and man in the UK.

The Bank of England's Financial Stability Report of 27 October 2008 gives the figures: a total of £1107 billion.

Don’t pay for the bosses’ crisis!

Author: 
Daniel Randall

The sharp increase in oil prices, and now the credit crunch, has led to sales of large cars and people-carriers falling by 30% in Europe. SUV sales have fallen by 45%.

The industry giants have responded to the crisis with massive layoffs. Volkswagen, for example, has announced 25,000 job losses; Rolls Royce, Peugeot and Chrysler are also making swingeing cuts. The first instinct of most socialists will be to defend workers' jobs; that instinct is correct,

Stop these job cuts! Cut work hours, Expand public services!

Author: 
Gerry Bates

According to the bosses’ Confederation of British Industry unemployment will reach 2.9 million by 2010 — an unemployment rate of about 9 percent — up from 1.8 million now. That is nearly as high as the figure reached under the Tories in 1982 and 1992.

The unions must channel the anger

Author: 
Joe Marino

It is very clear that the political consensus put forward by the major parties over the last 20 years has been blown out of the water and has been shown to be a sham. And I think that will be seen to be the case far and wide. People know if they can find the money for the banks they can find it for pensioners and other social concerns. People will have questions.

Two other “workers’ plans”

Author: 
Sacha Ismail

In the first two articles of this series, we looked at how, after the Russian revolution, the Communist International developed the concept of “transitional demands”. Many socialists in the international movement before the First World War had instead operated with a combination of “minimum programme” (minimal demands, enough for now and for the foreseeable future) and “maximum programme” (the goal of socialism, put off indefinitely).