May Day Greetings
This May Day 2014, more than five years have passed since the US housing bubble burst and quickly spread to a global financial crisis, the most acute and dangerous since the 1930s. The neo‑liberal agenda of the main imperialist powers had exported a global movement of unregulated and unrestrained capital, free trade agreements, a gluttony of super exploitation, theft of public property and privatization of public services, provoking a crisis so acute in its scale and breadth that it threatened collapse.
The managers of imperialism could not repair their own damage so they bought themselves a temporary reprieve by plundering public property, expropriating public funds to rebuild bankrupted enterprises, transferring funding for social programs and superstructure from the public purse into their investment houses. They richly rewarded themselves, increasing military budgets, and corrupting markets to the extent that it has created a world unemployment crisis, terrible privation, hunger, disease and war. Continue reading »
