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>>Artesian wrote: "Essentially, the Irish government turned the entire country into a "bad bank" ... It's a familiar pattern. One that one sees with each economic "crisis" In 1857, the main British and French banks (Caisse des consignes) warned that they were on the brink of bankrupcy and the British and French governemnts bought up their bad debt. Same thing in 1873. Same thing in 1890. Same thing in 1907. In 1924, the French government injected 14£ milion worth of cash into the same old French banks (Suez-Indochine). Same thing again in 1931. Which all shows that governments are controlled by bankers, who represent the real embodiment of industrial capitalism. All those banks are still around today, although they have merged with other banking concerns. And they still control the French and British governments, be they "conservative" or "socialist". For Bankers, elections are unimportant. What is important is controlling the government that comes out of an election. In France, the Bourgeoisie (the 30 largest corporations) have consistently maintained a grip on any "socialist' government elected by the people. I think the same may be said about Britain, Germany or the US. The Social Democratic myth of "socialism through voting" has been time and time again shattered by the predominance of large banking concerns when it comes to devising economic policies. Actually, only Bolshevik Russia was ever referred to with awe and terror by bankers, mainly because Russia was incredibly rich in minerals and petrol which meant that it didn't need them. Pre-1917 Russia was completely dependent on foreign investment for Gold, Iron and Oil. Post-1917 Russia was totally independent. So, whoever wins an election in France, Britain or the US, you may be sure that it is someone who is controlled by banks and corporations. Which is why the proletariat must organize independently of mainstream politics through revolutionary unions. ________________________________________________ Send list submissions to: Marxism@lists.econ.utah.edu Set your options at: http://lists.econ.utah.edu/mailman/options/marxism/archive%40mail-archive.com
