Link to this page: http://www.socialistparty.org.uk/issue/553/6535
From The Socialist newspaper, 22 October 2008
Socialist measures to fight capitalist crisis
Coventry Socialist Party councillors Dave Nellist and Rob Windsor are putting the following motion to Coventry City Council, calling for wider nationalisation to combat the developing recession, and an end to Private Finance Initiative schemes.The motion will be debated by the council on Tuesday 28 October.
"This Council: Believes the partial nationalisation of several leading banks will neither prevent the developing economic recession nor give the government sufficient power to reconstruct the banking system, ensuring bank workers' and other workers' jobs (particularly in manufacturing industry) can be saved, and mortgage holders threatened with repossession can keep their homes;
Condemns the payment in the financial year which ended April 2008 of £16 billion in bonuses to city bankers responsible for this failed and flawed financial system;
Notes that the 40% fall in the stock market in the last 12 months has condemned huge numbers of people coming up to retirement to sharply reduced living standards and believes that the pensions industry should be nationalised and that similar guarantees to those the government has provided to savers with deposits in British banks should be provided to those about to retire;
And calls on the government to transform current and planned PFI schemes to directly funded, and fully accountable, public works."
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In The Socialist 22 October 2008:
Ford workers strike
Socialist measures to fight capitalist crisis
Socialism 2008
Socialist Party editorial
Socialist Party campaigns
Liverpool: Mass protest wins back the right to campaign!
Demonstrators stop fascist march
42-day detention dropped - for now
Socialist Party workplace news
Protest at disciplinary action against teachers
Socialist Students
Bangor students vote to fight fees
Fighting for youth in Lewisham
Campaign to Defeat Fees day of action
Kirklees: The battle to save our schools heats up
Comment
NHS props up the private profiteers
We can't afford private rail. Nationalise the railways now!
International socialist news and analysis
Iceland: A victim of the casino economy
Aer Lingus threatens to axe 1,500 posts
Socialist Party review
Persepolis, directed by Marjane Satrapi and Vincent Paronnaud
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