Challenger banks or challenge finance capital?

Labour in power and out has been little more than a neoliberal supporter of finance capital. Finance capital has had a thirty year ascendancy. It started its rise with Thatcher’s removal of exchange controls and signing of the Single European Currency. Bowler-
hatted bankers and some blue bloods in the banks’ board rooms were ousted by the new breed of reckless casino gamblers. Their gambling was freed further when Labour removed governmental controls on the Bank of England itself. Finance capital and its neoliberal agenda has run free of government control for decades but requires a government to do its bidding within the state.It is not entirely anarchic. The coalition government has been relatively the most aligned to the finance capitalists, it is their expression in its purist form. In opposition to it it has to be said Labour’s little ideas are looking increasingly pathetic. Ed Balls wants to create challenger banks to get new competition in the market place for lending. This will do little or nothing. What we need is a nationalised banking industry controlled by a new state seeking to use the wealth of the nation for the people of the national as a whole. This would have to be accompanied by a whole set of new controls on capital. As long as the financiers remain unchallenged politically our trials and tribulations as workers and as a nation will intensify. The 99% must overwhelm the 1% and use their stolen wealth in the interests of those from whom they have stolen it.

The Workers’ Party Twitter Feed

The EU's vaccine export ban is potentially a genocidal policy, an act of an enemy. There are still remainers who would have us back in. The SNP & Alba after breaking up Britain would seek membership of the gangster EU.
Better together! Oppose the EU!

Scientists for Britain@ScienceBritain

The EU wants to impose a vaccine export ban without saying it’s a ‘vaccine export ban’.
As usual, they play with language to deny their most unpleasant motives.

There have been numerous calls for Sturgeon to resign, on the grounds she has misled parliament. The workers of Scotland now should give the SNP it's marching orders, for attempting to create division in the British working class.
https://youtu.be/Zu9kQgy1TN4

The defence & foreign policy review is to cut military personel; though total speding will increase with a focus on the technology of war: nuclear weapons expansion, development of bio-tech, cyber warfare, & artificial intelligence.
https://www.google.com/amp/s/amp.theguardian.com/politics/2021/mar/15/five-areas-of-interest-from-uk-defence-and-foreign-policy-review

Load More...


All text on this site is copyright The Workers' Party of Britain. Established 2006