Reports on news channels today shows the scale of British Capitalism's problems. Vince Cable has revealed that the Royal Bank of Scotland (RBS) and possible Barclay debts being bailed out by the government exceeds national income. Will Hutton in last Sunday's Observer raised the serious possibility of national bankruptcy. There is talk of printing money which could cuase inflation and even worse hyper-inflation. The astronomical scale of debts is comparable to the Versailles settlement imposed on Germany after World War 1. It cannot be totally ruled out a 1923-type hyper-inflation crisis. Speculation is rife in the media that if there is a run on the pound British Capitalism will require an IMF bail-out and even interest rates going up ro restore investers' confidence. Above is the British aspects of a global crisis which is effecting all Capitalist countries.
As the Financial Times stated recently these rapid economic changes will cause political shifts. If bankruptcky becomes a real danger and dramatic increases in unemployment a revolutionary upheaval could occur. National bankputcy was one of the factors which led to a revolution in France during 1789.
A massive economic crisis following World War 2 in China led to the 1949-50 Socialist revolution. In Britain unlike China a counter-revolutionary force such as Stalinism or Social Democracy where Chinese Stalinism despite being subjectively counter-revolutionary led an objective Socialist revolution will be incapable of leading such a revolution but would require a subjective revolutionary leadership. It only through applying Dialectical Materialism that you can understand a Petty-Bourgeois force of Stalinism being based on a Workers' Bureaucracy in China out of their own material interests of self-preservation against a murderous opponent of Bourgeois Nationalism around Chaing had to go further than intended by overthrowing Capitalism. If a pre-revolutionary crisis breaks out Brown might resign and a left Social Democratic government installed to salvage Capitalism.
If class relations do not explode before the next general election it's outcome is uncertain. Liberal Bourgeois elements prefer a coalition government between New Labour faction of the Labour Party and the Liberal Democrats Party (Lib Dems) by attacking the working class in Britain and trying to keep the European Union (EU) intact against tendencies for it to break-up.
Conservative Bourgoeis elements are attempting to woo the majority of Capitalists by showing they are most effective in attacking workers. This could be behind the move to bring back Clarke to the Tory shadow cabinet on economics. The Conservative wing of the Bourgeoisie have stabed the Aristocracy in the back outraged by a possible Liberal Populist appeal (see article on Willam Wales posted last December) with revelations around the Price of Wales and his son Harry Wales's racism. It is rumored that Kate Middleton will be in America for a period of time. This might represent a move to be identified with Obama which would undermine Conservative Bourgeois attempts to portray Willam Wales as a racist. Traditional right-wingers based on different Bourgeois and Aristocratic class interests which have been united for at least decades are fragmenting under the impact of a worse depression since the War of 1812.
It is intersting to note that Vince Cable has said that in an event of a hung parliament they could serve in a coalition government with either Labour or Tory parties. Behind this the Bourgeoisie do not know which way workers and middle class will go politically. If the Tories do not win decisvely the Bourgeosie may go behind their prefered coalition with New Labour and may restrain certain attacks on workers fearing a growth of more left wing forces. On the other hand if the Tories win sufficiently the ruling class may feel they have the balance of forces to go further in their attacks on workers.
The ruling class are worried of a possible growth of a left within the Labour Party. They may use Left Wing Social Democracy as a last resort to contain a possible revolutionary threat. Outside of that scenoro the ruling class's dillema is that four years into a parliament they cannot form a coalition government before the next election. Labour could be on the verge of splitting between Social Demoracy and the Bourgeois New Labour faction.
A major problem is that there is only a handful of genuine Trotskyists in Britain. The objective conditions for the growth of Trotskyism with workers making gains due to revolutionary upheavals and layers of middle class intellectuals radicalising could lead to a Trotskyist organisation being formed with a substantial mass base. If revoluionary opportunities are missed like 1923 in Germany could play into counter-revolutionaries' hands.
Monday 19 January 2009
Tuesday 13 January 2009
What Clinton's attitude to Israelii-Gaza war as American secretary of State represents?
Clinton's attitude to the Israeli-Gaza war shows that she will attempt to allow
Israel to carry on their miltiary attacks in Gaza. This shows that adventurism
extends far beyond the Neo-Conservatives (Neo-Cons) inside the American
Ruling Class. That is a disaster for their interests as it could cause revolutionary
overthrow of several Arab pro-Imperialist regimes and could see the Working
Classes coming onto the scene to assert their struggles. Strikes in Egypt over the past year or two shows potential of workers beginning to move as a class.
If American Imperialism does not pull back and make compromises with Bourgeois Nationalists in Third World countris and Stalinist regimes the world revolutionary
threat to Capitalism will become more acute. The Liberal Bourgeoisie have tried to use Obama to contain the radicalisation within America and to weaken the world revolution by making compromises with leaderships which can potentially weaken revolutionary upheavals. This strategy can only work if the majority of American Bourgeois elements are convinced it is necessary.
The Stalinists with their traditional Popular Frontist politics have created illusions
that Obama can reduce war dangers. This makes the fundamental mistake that Bourgeois politicians are driven into war by the pressures of Imperialist
Capitalism. In periods of massive economic crisis pressures on them is
higher for them to carry out miltiary adventures. From a tactical point of
view any more adventures could lead to the of deepening world revolution.
The Far Left have gone from a sectarian attitude to Black Nationalism to
being insufficently warning the masses that Obama primary aim is to
maintain Capitalism and if he pulls back on wars is not for their interests
but for the interests of American Imperialism. At the same time we cannot
be sectarian to the masses beginning to radicalise despite its form of being
elected a Liberal-Bourgeois politican.
John Ross a British ex-Trotskyist shows the pitfulls of capitlating to the masses illusions in Obama saying in a unqualified way the masses have won! It is true in one sense but is very limited because of his limiations as a Bourgeois politician. The role of Trotskysists is to argue why we were correct for not voting in a Bourgeois
politican but also to carry on the struggle against American wars. In this way we use the Dialectcial Materialist method of using the partial consciousness against war represented by Obama's vote to a struggle against him carrying out American Imperialism's policies more effectively and eventually through Transitional demands
to organise the overthrow of American Capitalism.
There are still dangers of World War 3 if American Imperialism pushes things too much! If for example how would the Russian Bureaucracy react if Georgian bases are used to bomb Iran? There may be tactical or strategic differences between Obama and Clinton. The fact that he has appointed Clinton as Secretary of State shows that he might bow to miltiary adventures. Ross's fundamental error is confusng the masses with machinations and manouvres within the American ruling class.
There has been a spontanous mass movement beginning to emerge against the
terrible Israeli slaughter in Gaza. The rising of another mass movement is frightening the British ruling class. It could spread from the war to other disconents over the economic crisis. Newsnight last night launcing a witch-hunt could be a sign to weaken the mass movement through slander and divde and rule.
Unlike Ultra-Left sectarians such as the Spartcist League Trotskyists support demands for American and the EU to end their miltiary and economic aid to Isreal! These Ultra-Lefts oppose those demands on the basis that it creates illusuions in Obama! At the same time Annie Lennox makes the opposite error of calling on Obama to end the Israeli-Gaza war. This creates real illusions that Obama is primarially concerened with the Palestian Arabs. Trotskyist raise demands to oppose what Imperialist governemts are actually dong!
Israel to carry on their miltiary attacks in Gaza. This shows that adventurism
extends far beyond the Neo-Conservatives (Neo-Cons) inside the American
Ruling Class. That is a disaster for their interests as it could cause revolutionary
overthrow of several Arab pro-Imperialist regimes and could see the Working
Classes coming onto the scene to assert their struggles. Strikes in Egypt over the past year or two shows potential of workers beginning to move as a class.
If American Imperialism does not pull back and make compromises with Bourgeois Nationalists in Third World countris and Stalinist regimes the world revolutionary
threat to Capitalism will become more acute. The Liberal Bourgeoisie have tried to use Obama to contain the radicalisation within America and to weaken the world revolution by making compromises with leaderships which can potentially weaken revolutionary upheavals. This strategy can only work if the majority of American Bourgeois elements are convinced it is necessary.
The Stalinists with their traditional Popular Frontist politics have created illusions
that Obama can reduce war dangers. This makes the fundamental mistake that Bourgeois politicians are driven into war by the pressures of Imperialist
Capitalism. In periods of massive economic crisis pressures on them is
higher for them to carry out miltiary adventures. From a tactical point of
view any more adventures could lead to the of deepening world revolution.
The Far Left have gone from a sectarian attitude to Black Nationalism to
being insufficently warning the masses that Obama primary aim is to
maintain Capitalism and if he pulls back on wars is not for their interests
but for the interests of American Imperialism. At the same time we cannot
be sectarian to the masses beginning to radicalise despite its form of being
elected a Liberal-Bourgeois politican.
John Ross a British ex-Trotskyist shows the pitfulls of capitlating to the masses illusions in Obama saying in a unqualified way the masses have won! It is true in one sense but is very limited because of his limiations as a Bourgeois politician. The role of Trotskysists is to argue why we were correct for not voting in a Bourgeois
politican but also to carry on the struggle against American wars. In this way we use the Dialectcial Materialist method of using the partial consciousness against war represented by Obama's vote to a struggle against him carrying out American Imperialism's policies more effectively and eventually through Transitional demands
to organise the overthrow of American Capitalism.
There are still dangers of World War 3 if American Imperialism pushes things too much! If for example how would the Russian Bureaucracy react if Georgian bases are used to bomb Iran? There may be tactical or strategic differences between Obama and Clinton. The fact that he has appointed Clinton as Secretary of State shows that he might bow to miltiary adventures. Ross's fundamental error is confusng the masses with machinations and manouvres within the American ruling class.
There has been a spontanous mass movement beginning to emerge against the
terrible Israeli slaughter in Gaza. The rising of another mass movement is frightening the British ruling class. It could spread from the war to other disconents over the economic crisis. Newsnight last night launcing a witch-hunt could be a sign to weaken the mass movement through slander and divde and rule.
Unlike Ultra-Left sectarians such as the Spartcist League Trotskyists support demands for American and the EU to end their miltiary and economic aid to Isreal! These Ultra-Lefts oppose those demands on the basis that it creates illusuions in Obama! At the same time Annie Lennox makes the opposite error of calling on Obama to end the Israeli-Gaza war. This creates real illusions that Obama is primarially concerened with the Palestian Arabs. Trotskyist raise demands to oppose what Imperialist governemts are actually dong!
Subscribe to:
Posts (Atom)