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UCL

Capital in Disarray: a Libertarian Communist Analysis

The subprime mortgage crisis that erupted in the United States has transformed into a global financial crisis. This crisis, which is being spun as a simple recession, is in fact one of the most serious crises since the 1929 Great Depression. As such, capitalism, on the brink of bankruptcy, has called on the State for help and is demanding that workers pay for the crisis by having their income reduced. As we can see by the rising numbers of unemployment and households struggling to survive, no one is left unharmed.

Numerous experts and economists have intervened to offer solutions that would, they hope, rehabilitate capitalism. They argue that the causes of this disaster are outside or foreign to capitalism. We do not agree. Let's be clear and identify what we believe are the true reasons behind this crisis that affects us all.

15,000 Strong Demonstration in Montréal Against the Budget

a report from Union Communiste Libertaire (UCL)

Against privatization and price increases: ONLY THE STRUGGLE PAYS!

On April 1st 2010, some 15,000 people descended on the business district in Montreal at the call of more than 95 unions, popular, feminist and student groups. Is this the first stage of a response against the Liberal budget? Only time will tell. In any case, it was a nice demonstration--a popular grand procession, very diverse and militant (at least in discourse).

We now know that the budget tabled on March 30th by Minister Bachand introduced a host of measures, each more regressive than the one before. The introduction of new fees for healthcare or the rapid growth of sales tax (QST) are examples. The rich will fare quite well, as usual. Nothing in this budget calls into question their privilege and their little schemes to stash their money in tax-free havens. Again, we are required to sacrifice for them. Enough!

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