Alternative People's Meeting posted by Richard Seymour

It's one thing to have seen this crisis coming, and to have understood roughly why it was happening. Now that it's upon us, with the full horror emerging day by day, with headline after headline announcing massive job cuts, stagnant or falling wages, the threat of deflation, closures - its overwhelming and exhausting and terrifying just keeping up. Every day, it seems, somewhere else has officially slid into recession, and unemployment numbers rise. And there's always some jerk calling for huge public spending cuts - the Tory press is filled with this nonsense which, aside from being hateful and destructive for those depending on public service provision, is an unbelievably stupid idea when we actually need an economic stimulus, not to deflate the economy further. I don't even think British capital is up for massive spending cuts at this point. So, it becomes essential that we do something, build a movement to press our needs and demands, register dissent and create new alliances. This is the sort of thing we need to get us off the ground:



One important feature of meetings like this, which will be happening up and down the country, is that an argument is taking hold among union leaders - and it is sure to be filtering down to substantial layers of the rank and file - that we can't resist job cuts and pay freezes and closures precisely because the economy is in such a parlous state. This is nonsense, yet it has arguably contributed to a number of recent betrayals by union leaders who have reneged on strike pledges. Obviously, there is a great deal of pressure on the bureaucracy from the Labour leadership, with the usual combination of small carrots and big sticks. So we need to get together to hammer out our ideas, think through what we want to achieve, disseminate those ideas and give people the confidence to resist. That confidence is what will make the difference between lean years, and years of successful struggles. Anyway, if you're in London, you might want to come along.

Labels: economy, people before profit, socialism, trade unions

People Before Profit II posted by Richard Seymour

Here are some videos from last week's meeting, "The Economic Crisis, how bad will it get? What can we do about it?", recorded by the invaluable Ady Cousins. First is Jeremy Corbyn MP:



Larry Elliott, economics editor of The Guardian:



Sally Hunt of the UCU:



And Charlie Kimber of the Socialist Workers' Party:

Labels: capitalism, capitalist crisis, great depression, people before profit, recession, socialism

People Before Profit posted by Richard Seymour

Public Meeting:

THE ECONOMIC CRISIS How bad will it get? What can we do about it?

Conway Hall, 25 Red Lion Square, London WC1 (nearest tube: Holborn)

7pm, Thursday 16 October

Speakers: Jeremy Corbyn MP; Larry Elliott (economics editor, the Guardian); Michelle Stanistreet (deputy general secretary NUJ); Charlie Kimber People Before Profit Charter; Paul Brandon, Unite member and London bus driver

Chaired by: Kevin Courtney, NUT exec (all in personal capacity)

Hosted by supporters of the People Before Profit Charter.

Labels: economy, neoliberalism, people before profit, recession, socialism