The Tory led coalition has fulfilled its threat to launch a ferocious assault on the living standards of the majority of society. Children will be making a greater contribution than the banks for a crisis in which the latter played a leading role. Welfare recipients are being driven into poverty in a vain effort to fund continuing Britain’s imperial role.
Clearly, this policy will cause widespread misery and anger. Many will attempt to divert that towards recipients of welfare, when their spending is a necessary component of economic recovery. There will also be attempts to scapegoat minorities, especially Muslims, black people and Eastern European migrants. But the essential truth is that this crisis is one of private capitalism as a system, which could be overcome by the State increasingly directing investment where the private sector remains on an investment strike. The cuts policy will not close the deficit, as many European economies currently demonstrate and as the policy starts to unravel the hunt for scapegoats will only increase. All the inevitable anger at these measures needs to be educated, organised and channelled against the real culprits.T Walkerhttps://email@example.com