What We Stand For - Demands and Strategy to Fight the Crisis

[asdjrocky]

Crash your car into a wall and your insurance premiums will probably go up. Crash the financial markets and you’ll likely get a bonus. While Goldman Sachs executives are enjoying their end-of-the-year bonuses and big business and the corporate media are pointing to all the “encouraging” signs of a recovery, the reality for working people is like a whole different world.

Jobs, wages, benefits, housing, health care, education and other social programs are all targets of the slash and burn policies and attacks on living standards by the ruling class. Mass unemployment and underemployment is expected to continue for years. There will be downward pressure on wages and benefits alongside massive budget cuts to social services. In fact, the “return to profitability” has come only because of the government bailouts and aggressive “cost control” – i.e., layoffs, cuts, lower wages, intensified working conditions, and so on.


Even this “recovery” may be short-lived, as economists are now speculating about the possibility of a “double-dip” recession when stimulus money dries up and newly-inflated asset bubbles burst. This is because none of the underlying problems of the crisis have been solved, and another economic fallout would only intensify the attacks on the working class.

The rest-
http://www.socialistalternative.org/news/article22.php?id=1240