Tuesday, 27 September 2011

Quote of the day...

For most traders we don't really care about having a fixed economy, having a fixed situation, our job is to make money from it. Personally, I've been dreaming of this moment for three years. I go to bed every night and I dream of another recession.
Others have picked up on his comment that "governments don't rule the world, Goldman Sachs rules the world." However, this isn't a startling or revalatory statement. Any serious analysis of the capitalist system would place the real power in the hands of those who control the flow of capital, not through some grand conspiracy but by the simple nature of how our economy works.

Likewise, his prediction that "this economic crisis is like a cancer, if you just wait and wait thinking this will go away, just like a cancer it's going to grow" isn't particularly novel. Capitalism is eating itself, and as the central banks scramble to save failing financial institutions they're doing so by squeezing the living standards of the working class, those who drive the real economy through production and consumption. But it's the line above - "our job is to make money from it" - which sums up the economic madness we're all trapped in.

But this also offers a perfect demonstration of what is neeeded to win the class struggle.

The people we're facing off against are not possessed of rational thought. They may know that the financial sector only exists on the back of the real economy. That without real-world production which benefits society in innumerable ways whilst allowing us to keep food on the table and a roof over our heads they wouldn't be able to gamble tangible capital to generate the obscene numbers which allow them to live as kings. That strangling the real economy to prop up the money markets is tantamount to a parasite killing its host to survive. But they don't care about any of it. Ultimately, "our job is to make money from it."

We cannot win the argument with this mentality. Instead, we have to hit them where it hurts - their wallets. They will not see beyond the short term gains unless those gains provoke the workers to flex our economic muscles. They will not change unless we act so that their relentless drive for profit is met with significant economic damage.

In short, as the Solidarity Federation have been saying all along, "the only way these plans can be derailed is if we simply do not accept their imposition, and make the country ungovernable."