Capitalism in Crisis: A Socialist Solution

Government Action?

The 'credit crisis' has been with us for more than a year. The government, acting in days and weeks, has provided £s Billions to bail out the banks. This includes Northern Rock, which has been nationalised.

Wealthy bankers, largely responsible for the scale of the credit crisis, have been given what they asked for. But what about the rest of us?

A minor initiative to help first time house buyers is unbelieveably bureaucratic. I know of applicants who spent 3 months filling in forms, were frequently mislead, and then (having been told that their application had been accepted) were informed that the money had run out.

What a ridiculous situation, when the government claims to be concerned about the state of the housing market!

Action This Day

If the government is genuine in claiming to 'feel our pain' it must act immediately. It acted in days to save the banks but has not stopped the banks making people homeless.

It could have impossed a windfall tax in May (at the latest) and used the proceeds to keep families in their homes and help the poor with their food and fuel bills.

A radical programme is needed but, given performance so far, expectations cannot be high for the measures we are told the Chancellor will announce next month.

The Solution

The type of radical programme required is described in Capitalism in Crisis: A Socialist Solution. This booklet is available on ebay at cost (£4), including p&p. Or send £4 to John Kyte, Flat 27, No1 Parkhill, Moseley, Birmingham B13 8DU.

Buy it and, even more important, join the campaign for a fair deal for all - not just for bankers.