On Thursday evening, Jerry White, presidential candidate of the
Socialist Equality Party in the US, spoke at the Technische
Universität in Berlin. He had been invited by the International
Students for Social Equality (ISSE).

The meeting generated great interest. Close to 400 students and
workers gathered in one of the university’s large seminar rooms, with
some travelling from Leipzig to hear White speak.

White began his speech with a reference to Karl Marx. He said he had
just arrived from Britain where he had addressed three successful
meetings. In Manchester he had the opportunity to visit the famous
Chetham Library, “You can see the places where Karl Marx and Friedrich
Engels sat and carried out their economic studies,” said White,
describing the impressive atmosphere in this venerable old library,
which was established in the middle of the 17th century.

Referring to the present world financial crisis, White noted that
almost all the commentators, experts and advisers of the ruling elite
in business and politics claim that the crisis “could not be foreseen
and came as a complete surprise.” The development of the crisis,
however, had not caught the Marxist movement by surprise.

White dealt with the extent of the present crisis, observing that the
US and European governments had made about $5.4 trillion in public
funds available in recent days to bail out the banks. The managers of
these banks were being entrusted with the distribution of massive
amounts of taxpayer funds. People are being asked to trust the very
same bankers and speculators who were responsible for the financial
crisis in the first place. At the same time, there was no attempt to
explain the causes of the financial crisis and to call those
responsible to order.

In his introduction to the meeting, ISSE speaker Marius Heuser had
pointed to the thoroughly undemocratic character of the German
government’s latest rescue package, which was worth billions of euros.
Heuser stressed that this had been pushed through parliament without
any serious discussion in an attempt to suppress the widespread
resistance to the plan within the population.

Jerry White took up this point and stressed that present events in
Germany and Europe clearly revealed the true character of the “social
market economy.” As in the US, “in Europe and also here in Berlin, a
small financial elite decides the fate of society,” White said,
adding, “The same people, who for years have preached that the coffers
are empty, with no money being available to pay for better wages,
education, health care, culture and other social benefits, are now
making billions of dollars and euros available if the financial
aristocracy requires it.

“When in the past has the class character of governments and the state
been so clearly revealed?” White asked.

He stressed, however, that the bailout would not put an end to the
financial crisis because its origins lie in the decline of the
economic supremacy enjoyed by the US after the Second World War. In
past decades, many industrial jobs in the US were destroyed and the
growth of private wealth became increasingly removed from the actual
process of the creation of value by the working class.

White then dealt in greater detail with the historic crisis of US
imperialism, stressing that Washington’s growing militarism was an
attempt to compensate for the loss of economic strength and was
targeted at keeping America’s European and Asian rivals in check. The
election of a President Obama would not change this fundamental
course. Since the primaries, Obama has made it clear that under his
presidency the US military would not be drawn down, but would merely
be taking another direction.

Everywhere in the world, working people confront an economic disaster.
In every country, the ruling elite has decided to place the entire
burden of the crisis on the backs of the working class, White
stressed. Dictatorial forms of rule are already becoming visible and
the danger of war is increasing.

The history of the Great Depression of the 1930s shows that the
international working class can only respond to the dangers of fascism
and war by acting independently politically and by developing a
socialist alternative. In the US this means breaking from any
illusions in this or that wing of the Democratic Party, and in Europe
it is necessary for workers to make a conscious political break with
the reformist bureaucracies of the Social Democratic Party and the
Left Party.

“The large banks must be subject to the democratic control of the
working class, which created the enormous wealth of the today’s
society,” said White, and he outlined a socialist alternative. Only
the working class can rationally allocate social resources to develop
the economic and social infrastructure, financing a programme of
public works so that nobody remains without employment, health care
and education.

The great problem today is that no party articulates the interests of
the working class, White said. This is why the building of a new party
is necessary, in order to fight for a workers’ government with a
socialist perspective. The Socialist Equality Party in the US and its
sister parties around the world are dedicated to this task. White
called on those present to study the SEP’s history and programme and
to participate in building this new party.

White’s speech was followed by a lengthy discussion. One audience
member asked whether it was actually possible to build a socialist
party in the United States, where American workers—unlike their
European brothers and sisters—had not yet established their own
independent mass socialist party. White answered by sketching out the
great militant struggles of the American working class in the past. He
stressed that the present financial crisis would not only once again
unleash great social conflicts, but it would also create the impetus
for a significant change in the consciousness of American workers and
the international working class.

The widespread illusions in capitalism are breaking down, White said,
and it is increasingly obvious that democratic conditions are
incompatible with such a degree of social inequality. However,
socialist consciousness does not arise automatically, but must be
brought into the working class by a revolutionary party. The SEP has
pledged itself to this task.

One participant said she thought the financial crisis had displaced
the debate over great social problems, such as the effects of climate
change. In answer, it was explained that it was necessary to
understand the connection between the financial crisis and the
environmental crisis. Global warming and its consequences are not
predominantly a technological question. It is well known what needs to
be done. The environmental crisis is one of the sharpest expressions
of the irresponsibility of the ruling elite, whose profit system is
not only destroying the financial and social system, but threatening
the whole globe.

The view of the Greens in the US and elsewhere—that unrestrained
consumption by the working class makes it responsible for the
environmental crisis, and therefore consumption must be limited—is
thoroughly reactionary. Such demands have been adopted by the ruling
elite to justify cutting wages and social programmes.

The influence of religion on the American political system was also
discussed. White said that while the goal of religious propaganda is
to divert the working class from social questions, the influence of
the church is diminishing insofar as it is unable to provide the
working class with an answer to political problems.

Another participant asked about the use of the military domestically
and the threat of emergency laws to secure the implementation of the
Bush administration’s rescue package. In response, White said that in
every country the billions being spent to bail out the banks were
connected to attacks on democratic rights. However, the defence of
democracy is not possible within the framework of the capitalist
profit system and requires a socialist perspective.

In the course of the discussion, the central question of the history
of the Fourth International was also addressed, including the
irreconcilable struggle against the betrayal of the interests of the
working class by Stalinism and social democracy. White stressed that
it is not just any new party that the working class needs, but the
Socialist Equality Party, and in Germany the Partei für Soziale
Gleichheit, which are based on the rich history of the Trotskyist
movement.


On Oct 19, 7:42 pm, "\"Lone Wolf\"" <[EMAIL PROTECTED]> wrote:
> Nothing exposes the total ignorance on economic issues than by the
> fact that every post to do with the economic situation in America is
> ignored. And these are main stream articles from Bloombergs. The
> reason this MOST CENTRAL ISSUE is ignored is because, you don't want
> to know the truth, even as told to you by your own analysists. So you
> continue posting stupid inane pointless articles on socialist
> presidential candidates (idiotic) and plumbers and hope it will fix
> itself
>
> You are like 4th graders who still believe in Santa and the Easter
> Bunny. Sorry to tell you, the USA is in an advanced stage of total
> collapse, watch the markets unwind this week children and go sit on
> mommies lap.
>
> On Oct 19, 7:29 pm, "\"Lone Wolf\"" <[EMAIL PROTECTED]> wrote:
>
>
>
> > Why didn't you tell me that you can't read?
>
> > On Oct 19, 4:47 pm, "d.b.baker" <[EMAIL PROTECTED]> wrote:
>
> > > On Oct 18, 11:14 pm, "\"Lone Wolf\"" <[EMAIL PROTECTED]> wrote:
>
> > > > America's GDP was over a trillion dollars last year,
> > > > while its debt increased by 5 times that amount.
>
> > > Quite a bit "over": U.S. GDP for 2007 was $14-trillion. That's about
> > > $45,900 per capita. And forget "depression," we haven't even met the
> > > economic criteria for a recession: 2 consecutive quarters of GDP
> > > stagnation or contraction. In other words, you and your fellow
> > > travelers have a way to go before you bask in a depression.
>
> > > Regarding the intrusion of Socialism, I suggest you read Barack's
> > > mentor, Saul Alinsky.
>
> > > Meanwhile, I'd like to know what incentive is built into the socialist
> > > system you describe? More, has socialism ever supported a population,
> > > that is, without the opposite: a large, capitalist black market. And
> > > if you don't have a black market, how will you pay off the
> > > overseers?
>
> > > Moral: Your Marxist Utopia is a pipe dream. A socialist hell, however,
> > > is a distinct possibility. Keep trying.- Hide quoted text -
>
> > - Show quoted text -- Hide quoted text -
>
> - Show quoted text -
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