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

Unbelievable rubbish from that moron #Biden. He "contrasted India's success with China's failure to handle the #COVID_19 pandemic while both the countries are of comparable size."
#India Cases: 43,140,068
Deaths: 524,490
#China Cases:223,488
Deaths:5,224
https://www.ndtv.com/world-news/joe-biden-lauds-pm-narendra-modi-covid-pandemic-response-hits-out-at-china-3003701

#USdisinformation tsar, Nina Jankowicz resigned as board ended after only a few weeks. She accuses critics of disinformation then she lied by suggesting that China or Iran would give false information to US citizens during a disaster, putting them at risk.
https://www.npr.org/2022/05/21/1100438703/dhs-disinformation-board-nina-jankowicz

Azov battalion surrender at the Azovstal steelworks; a symbolic defeat for Ukraine. US, UK & some EU governments still want to fight the war to the last Ukrainian; they continue warmongering and sending weaponry to Ukraine.
https://youtu.be/YSNhBbQtE5A

#Russia says it has no problem with #Sweden or #Finland, hence no problem with it joining #NATO. It will however monitor its deployment of troops and weaponry, and take action appropriate to the threats.
As in Britain it's up to the people to say #No2NATO.
https://youtu.be/doz4lfzAKNY

Load More...


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