PT masthead
Go to Home page divide Go to Past Issues divide Subscribe divide Go to Links
cartoon

The Economic Crisis Today:
Who Wins?


The financiers and bankers get “bailed-out.” Then they are hired by the government to manage their $700 billion gift. All of this made possible with our tax dollars, while the Treasury Department partially nationalizes the nine largest banks in the United States. Meanwhile, major layoffs are spiking, sending hundreds of thousands more to the unemployment lines, combined with the nearly 7000 people a day who are losing their homes.
While this economic crisis promises to get more painful and worse for the overwhelming majority of us, the corporations have openly merged with the government to increase their looting of the public treasury to protect their class – the capitalist class – in order to reconstruct this troubled society in their interests – not ours.
We are living during one of the most volatile times in human history. A time filled with much danger, while at the same time it is filled with so much opportunity. Our opportunity is to make the fundamental, historical changes necessary to remove the danger surrounding us. The source and cause of these dangerous times is a very small, but powerful ruling class and its criminal and murderous defense of its dying economic system. They are no longer fit to rule!

Change is Possible

Not only during such tumultuous times is such change possible, but it is also necessary. The masses of people of this country and those of the world are the social and political force both large enough and strong enough, to move all of humanity through the difficult and necessary transitional steps to the next historical stage of human development and progress. That stage of human development and progress is one that provides for all and by doing so eliminates the very basis for exploitation, war and fear – a new society, ruled in the interests of the masses.
The foundation of this capitalist economic crisis is the modern and global, technologically advanced, labor-less, electronic production of goods and services made possible by the accelerated use of computers and robots in the production process. Computers and robots produce 24/7 and can not buy what they produce. Millions of workers are laid off and permanently replaced as a result. Without meaningful work, they no longer have adequate income to buy what is produced. This results in the destruction of the capitalist market, where all products must be bought and sold at a profitable price.
However, it is precisely this new and marvelous, technologically advanced, massive electronic productive capacity that produces such abundance, which makes it possible to end all human want for the first time in history. This historic possibility to create a new world based on the common good and public ownership, rather than individual greed and private property, requires a massive political movement with visionary leadership.
Only then can humanity free itself to guarantee food, clothing, housing, health care, education and other necessities of human life and advancement to all. Then we will be truly human in the best sense of the word. In this sense we, the overwhelming majority of society, can finally organize a truly civilized world in our own self interests. Such a majority, with such a mission and program is just what is fit to rule.




Those of us who seek fundamental social change are engaged in a battle to win the hearts and minds of the people. This can't be done without a revolutionary press. For 40 years, the People's Tribune has brought our readers the stories of those who are struggling to move forward in a world where corporate power is threatening to crush them. Along with those stories, we try to offer some strategic perspective to help put the struggle in context and point the way toward victory. We need your help to continue doing this. The People's Tribune gets no grants and has an all-volunteer staff. We rely completely on subscriptions and donations from our readers to enable us to go on telling the truth. Please donate whatever you can. See the subscription/donation form on the right. You can also donate using Pay Pal on our web site, www.peoplestribune.org.
People's Tribune Editorial Board


The People's Tribune needs your help to go on being a voice of the people. We need to raise an additional $1000 each month  to continue publishing in our current form. For 40 years, the People's Tribune has brought our readers the stories of those who are struggling to move forward in a world where corporate power is threatening to crush them. Along with those stories, we try to offer some strategic perspective to help put the struggle in context and point the way toward victory. The People's Tribune gets no grants and has an all-volunteer staff. We rely completely on subscriptions and donations from our readers. We do this so that we can continue speaking the truth.

Please donate whatever you can. You can donate using Pay Pal on our web site. Just click on the (Back) button below, then click on the Donate button -- People's Tribune  Editorial Board


back
This article originated in the People's Tribune
PO Box 3524, Chicago, IL 60654, 773-486-3551, info@peoplestribune.org.
Feel free to reproduce unless marked as copyrighted.
Please include this message with reproductions of the article.