The following resolution, on the world economic crisis, was unanimously carried at a meeting of the Merseyside Campaign for a New Workers Party on 18 September.
"This campaign recognises that the turmoil in the world banking system is evidence of capitalism's basic instability which is resulting in catastrophe for millions of working class families.
We note that even capitalist spokesmen, including every section of the capitalist media, after years of supporting the unfettered market, are attacking the greed of CEOs whose reckless policies have been a major factor in the current crisis.
The complete absence of any criticism of the system and the total absence of a positive response by New Labour confirms the Party's utter bankruptcy and incapacity to offer even a minor lead to the working class, when even the right-wing Bush administration has nationalised big finance companies.
A planned socialist economy is an absolute necessity if the problems facing the working class are to be resolved.
We call for the public ownership, under democratic workers' control and management, of the banks and finance industry as part of a socialist planned economy so that industry can be run and planned in the interests of society as a whole.
The crisis of working class leadership confirms the necessity for the Campaign for a New Workers Party."
20 Jun Save our NHS
13 Jun No to Trump and Tory racism
Phone our national office on 020 8988 8777
Locate your nearest Socialist Party branch Text your name and postcode to 07761 818 206
Regional Socialist Party organisers:
Eastern: 0798 202 1969
East Mids: 0773 797 8057
London: 020 8988 8786
North East: 0784 114 4890
North West 07769 611 320
South East: 020 8988 8777
South West: 07759 796 478
Southern: 07833 681910
Wales: 07935 391 947
West Mids: 02476 555 620
Yorkshire: 0114 264 6551