Taking this position -- that socialists have no interest in the issue of the EMU -- ignores the fact that the influence of this organization will have enormous effects on people's living standards, ability to regulate, etc. It's not as if other political/economic struggles will be unaffected by the EMU. Sid Shniad > > Folks, > I have been examining the matter of the European single currency. Ireland is > poised to join it. > There are those that say that joining will entail surrendering the power of > the Irish state to more freely manage economic policy --monetary, interest > rate policies etc. They argue that single currency that will lead to > declining living standards. > My view is that the conflict between those who are for or against joining up > is an inter-capitalist conflict or fight as to how best serve the interests > of capital. It is not the business of revolutionaries to opt for one or the > other means of "managing" the capitalist economy. It is the business of > revolutionaries to opt for socialism and thereby the abolition of all > currencies --neither one or the other but socialism. > Rebecca > >
