An analysis of what German-British Bourgeois rift on economic policy represents?

David Smith who is the Time's economic editor has revealed key facts on what the difference between Keynesian approach of Brown and the Fiscal Conservative approach of the Merkel Government in Germany is. Brown is trying to keep the appearance thathe is keeping secure Middle Class banks savings, wherehas the Merkel government are refusing to help them out of the credit crisis.

The analysis I draw is that one of the main motivations for Brown's nationalisation of certain banks and threats to force banks lending is to control the middle class. This has forced him to the left on these questions. Another major motivation which is why the Liberal Bourgeoisie supports him is that he is bailing out a decaying economic system. This shows how important the middle class is determining the balance of forces between the working and ruling class. Brown's big mis-calculation is his under-estimation of the working class. By controlling the middle class he hopes (alongside the ruling class) he can make workers pay for the Capitalist crisis through massive attacks on social security benefits. The danger for the ruling class is that the working class can explode in mass upheavals which could win sizeable middle class forces over.

Sections of the British Libera Bourgeoisie could be manourvering to utilise the Pound's crisis in order to enter the Euro. This will only deepen the problems for British Capitalism as the conflicts over economic policy with the EU will widen. During periods of Capitalist crisis Capitalist nation states have a tendency to fly apart.


Cameron is trying to win the middle class over to Monetarism by promising governments fund small businesses indepentially of banks. Ultra-Lefts make their most fundamental mistake of thinking the workers will go past the experience of the Labour Party. Since its formation as the LRC in 1900 the different stages of workers political radicalisation has gone through the Labour Party.


The overwhelming rejection of Thacterism by the workers and sizeable layers of the middle class led to the Labour landslide of 1997. This rejection by most Labour Aristocrats and Middle Class of Thacterism were parlty due to the tendencies towards recession in the early 1990s. Due mainly to Ultra-Leftism that radicalisation was not taken advantage of, which led to elements of despair which has led to moves by these layers to the right. That radicalisation which began in 1997 is re-newing itself as a reaction to the credit crunch offically started in August 2007. The extra-pariliamentary action against benefits cuts could influnce the working and large layers of the middle class is finding a reflection in the Labour Party. Out of this growing conflict Trotskyism can get more of a hearing in the working and middle class.