You Caused This Crisis

There has been a shift in responsibility during the past 18 months, and it seems WE are the ones to blame for the financial crisis. No longer is it the fault of the market speculators, nor the banks that happily lent billions on dodgy deals.

The ConDem government (and Labour), have shifted the debt burden to local councils - basically telling them to cut budgets by around 25%. That means YOUR services get cut because YOU are now to blame for the crisis!
Added to the misery of public sector cuts, employers have used the crisis to their advantage - forcing wages down as inflation climbs and reducing employee head count, even though British businesses have billions in the bank. The business world have used the historic low interest rates to their advantage, paying off debt which has enabled many companies to sit on a large pile of cash.

Little wonder business leaders are now calling on the government to lower taxes further and toughen union laws beyond what Thatcher did in the 80's. Money didn't disappear from our society, it just shifted into the hands of the few. The ruling class now have more of the wealth and YOU are being made to pay for 'the crisis'. While pensions are destroyed and earnings spiral downwards, the big bosses want even more from us - they want us to pay for their crisis. This is a crisis of capitalism, a failed economy that is now destroying the very fabric of society.

Barclays boss, Bob Diamond told the select committee that banker bashing needed to end, while he enjoys around £9m in bonuses during the coming year. He might be surprised to see people are angry that Barclays not only announced £6.07b in profits, but also robbed the UK by paying just £113m corporation tax. It has been business as usual at the banks, the millionaire government ministers do not know the reality of living on the poverty line. Sadly we can't afford a team of lawyers and fiddle our taxes, we are meant to just be grateful we have a job - even if rising inflation means we take a pay cut year after year.

It is a lie to say WE caused the financial crisis, even though the capitalist elite would like us to think otherwise. The £81b of spending cuts that are being forced through now are being blamed on YOU, but the truth is - these cuts are not necessary. They are an excuse to roll back advances made by the working class, our NHS and schools are all under treat because they don't make money for the capitalist system. Britain is heading back to the Victorian times unless we fight with all our might against the cuts. We need a democratic workers led society that runs a system for the benefit of all, not the elite.