capitalism

The Banana Incident

Bananas, cosmic radiation, and private property.

The chimpanzee troop contentedly enjoyed their stand of trees. There were bananas and termites enough for everyone. Nearly everyone had a branch, even the lower ranking chimps. And then it happened.

Capitalism is a failure - what the bailout means for working people

Capitalism is a failure - what the bailout means for working people

Public meeting to discuss the collapse of the financial markets and what this means for working people.

Location: 3022 Cherokee St # A (CAMP Building), St. Louis, MO 63118

Sponsored by: Workers International League

Contact: (314) 435-2493
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Capitalism has Failed
The Working Class Should Not Have to Pay for the Capitalist Crisis!

After a week of turmoil on financial markets, on Saturday, September

Date: 
10/04/2008 - 4:30pm - 10/04/2008 - 6:30pm

No to the Bailout of the Capitalist Speculators!

The financial crisis that has been heating up since early 2007 reached the boiling point in late September. Credit markets virtually stopped functioning. A full-blown panic swept stock markets worldwide. The U.S. economy is in the throes of a recession that could turn into a Depression lasting for years. In these dire straits, the Wall Street speculators who set off this crisis are demanding that the government rescue them with a bailout priced at $700 billion. The actual costs will be far higher, a trillion dollars or more. Meanwhile, the Democrats are pushing hardest for the Bush bailout of the banks. Presidential candidate Barack Obama blames "greed" for the crisis on Wall Street (capitalism without greed?) and says there must be no "blank check to Washington" -- meaning he's for putting in a few conditions as window dressing. Following in the Democrats' footsteps, the AFL-CIO labor bureaucrats called a demo for "No Blank Check for Wall Street." Yet no amount of regulation will stop the boom-bust cycle of capitalism. Meanwhile unemployment lines are growing and a million families were thrown out of their homes by bank foreclosures in the last year. While the fat cats, Democrats and bureaucrats are all going for the Bush bailout to prop up U.S. capitalism, revolutionary Marxists oppose this trillion-dollar giveaway to the Wall Street speculators, calling instead for a program of transitional demands leading to the expropriation of the banks and the entire bourgeoisie through workers revolution.

Expropriate the Bourgeoisie Through Workers Revolution!

No to the Bailout of the Capitalist Speculators!

Down with the Dictatorship of Finance Capital!

Gold reserves in the Federal Reserve Bank of New York. Since 1971, the American dollar is no longer backed by gold but only by confidence in the U.S. How long will that last? Photo: Federal Reserve Bank of New York

The Lost Art of Cooperation

Competition is as American as apple pie. It announces American individualism and marks the American market economy with its characteristic rivalries. Not just for neoliberals such as Milton Friedman and ­quasi-­anarchists such as philosopher Robert Nozick, but for Americans of all political stripes, it reflects a distrust of the “government and co-operation” dear to cultural critic John Ruskin.

Publisher: 
Wilson Quarterly
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