G20 summit protest: A socialist answer to the global crisis is needed

[amyrose2712]

The March 28 mass protest in London directed towards the G20 summit raises fundamental questions of political perspective.

The descent of the world economy into the worst recession in history faces humanity with an unprecedented catastrophe. Even before the onset of this crisis, some four billion of the world's population suffered degrading and life-threatening levels of poverty and social inequality had reached malignant proportions. The richest 10 percent of the world's population owned 85 percent of global assets. Within this, the top 1 percent owned 40 percent. In contrast, the bottom 50 percent of the world's population owned less than 1 percent of global wealth.

These disparities will worsen sharply, as tens of millions loss their jobs, companies fold, homes are repossessed, banks fail and entire national economies are faced with bankruptcy.

(snip)

The system of private ownership of the means of production, based on the accumulation of profit by the few, must be replaced by social ownership and the transformation of the major banks and corporations into publicly-owned utilities under democratic control. The irrational division of the world into competing and antagonistic nation states, which threatens trade and ultimately military conflict, must be replaced by a world socialist federation.

This struggle can only be undertaken by working people themselves, against the bourgeoisie and their allies in the labour bureaucracies. It requires a political mobilisation across all national borders, through the formation of a new socialist and internationalist party.

http://www.wsws.org/articles/2009/mar2009/g20s-m27.shtml

[dcsmart]

1. if only people understood

that is what socialism is about and that it should be obvious from what is quoted above that russian and chinese dictatorships were never socialist or true Marxism. the more people understand that the more chance will have to actually have a viable socialist party in this country. great post.

[amyrose2712]

2. Seems we are the only but a few.

[dcsmart]

3. The Few The Proud The Socialists...lol

[Jack Sprat]

4. Hey, count me in. Go Socialist.