Going for Broke

AnarCom Network

In Gordon Brown’s last budget just before the 2008 financial crash, he declared that the state had effectively resolved the instability of capitalism promising “we will never return to the old boom and bust”.

Since then we have seen a banking collapse, 10 years of austerity, a flight from Europe, a pandemic, a war, a government inflicted fiscal catastrophe, a return to austerity and the promise of the longest recession in our history. All against the backdrop of mounting climate emergency.

Far from being resolved, capitalist crisis and the depth of their cycles are intensifying. The government tells the truth on one thing, it’s not just Britain. Capitalism’s crisis is global and it’s war against us all intensifies in equal measure.

The latest emergency budget presents a bill of £50 billion in cuts and tax hikes to workers and the poor already facing a 10% real term cut in living…

View original post 421 more words

Leave a comment

No comments yet.

Comments RSS TrackBack Identifier URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.