WHAT GREEN SHOOTS?

When will political commentators, conformist economists and their media dummies cease using the phrase "credit crunch," which suggests a shallow and temporary dip in the country's fortunes, to describe an economic whirlwind which is rapidly developing into a full blown depression to rival the slump of the nineteen thirties!

These same economists and commentators never warned of the stupidity of dependence on a housing bubble, allied to an historic level of personal debt, to drive economic growth.
Debt eventually has to be repaid, thus damping economic demand!

Neither were they aware of the imminence of the resultant crash, yet 18 months later, they now continue to delude themselves by talking up "green shoots of recovery."

IN THE REAL WORLD THERE IS NO RECOVERY, OR RESPITE, FROM UNEMPLOYMENT, GRINDING POVERTY AND DESPAIR.

These so-called experts, who patently have no idea what they are "havering" about, are obviously of the opinion that things can still go on as before.

These neo-liberal apologists eminently fail to understand that capitalist crises progressively worsen, as the supposed solutions always fail to address the real reason for reductions in demand - the expropriation of surplus value from the basic economic unit - the worker!

Other "pundits " - idiots more like - talk of cuts in public services, yet never offer up cancellations in expenditure on illegal foreign wars, heinous nuclear armaments, identity cards or attacks on our civil liberties.

Our panicky State Leadership have engineered interest rates of effectively zero, introduced "quantitative easing" which is simply increasing the money supply - something we were always warned against as it drives inflation and decreases the value of the pound, thrown £1.3 trillion of our money at the spivs and conmen of the banking, insurance and mortgage and stock exchange fraternity, whose insatiable greed had reinforced a cyclical crisis of capitalism to such an extent that it threatened to bring down the whole decaying and corrupt house of cards.

As with anything cyclical, the economy will correct itself, but at what cost to the people who have allowed their hard earned cash to be used to SAVE a system which ROBS them blind every single day of their lives!

Instead of witnessing home repossessions, sackings and the closure of one business after another, we should be enjoying the spectacle of the wholesale public ownership of the banking, insurance and mortgage-lending sectors of the economy, public investment in our productive and manufacturing industries, the social ownership of bus, rail, air and goods transportation, the common ownership of energy generation and distribution along with a considerable increase in pensions, benefits and wages to stimulate economic activity, together with a price freeze and a massive, publicly controlled programme of council-house building to house the homeless and explode the property bubble once and for all.