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From: The Socialist issue 553, 22 October 2008: ‘Why not save our jobs?’

Search site for keywords: Socialist - capitalist crisis - Banks - Nationalisation - Rob Windsor - Dave Nellist

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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Coronavirus crisis - Finance appeal

The coronavirus crisis has laid bare the class character of society in numerous ways. It is making clear to many that it is the working class that keeps society running, not the CEOs of major corporations.

The results of austerity have been graphically demonstrated as public services strain to cope with the crisis.

The government has now ripped up its 'austerity' mantra and turned to policies that not long ago were denounced as socialist. But after the corona crisis, it will try to make the working class pay for it, by trying to claw back what has been given.

  • The Socialist Party's material is more vital than ever, so we can continue to report from workers who are fighting for better health and safety measures, against layoffs, for adequate staffing levels, etc.
  • Our 'fighting coronavirus workers' charter', outlines a programme to combat the virus and protect workers' living conditions.
  • When the health crisis subsides, we must be ready for the stormy events ahead and the need to arm workers' movements with a socialist programme - one which puts the health and needs of humanity before the profits of a few.
Inevitably, during the crisis we have not been able to sell the Socialist and raise funds in the ways we normally would.
We therefore urgently appeal to all our viewers to donate to our special coronavirus appeal.

Please donate here.

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