Wall Street’s cutbacks & global class war
Published Jul 17, 2011 7:05 AM
Wall Street is coming for us.
The people who rule this society are taking aim at every gain we and
generations before us have won. Their rallying cry is “cutbacks!”
and their butcher knives are sharp and ready.
Billionaires like Michael Bloomberg, committed union-busters like Scott Walker,
the rich bankers who run the Democratic and Republican parties, extreme racists
like the Koch Brothers with their Tea Party schemes, military contractors like
GE and Halliburton — all of them are united around attacking the workers
of the world.
They seek to sink their fangs into our wages, our pensions, our student loans,
our Social Security, our Medicare and Medicaid, and our very right to form
unions, so they can suck more profits from us.
When faced with this menacing assault, the toiling people of the world have
responded the way we always have. We are taking to the streets in huge numbers.
We are sitting down in places like Wisconsin’s Capitol building and
Tahrir Square. We are sleeping out on the streets of New York City.
We are screaming loudly, in one voice: “We will not accept your
austerity! Our lives will not be sacrificed so your profit margins can
The crosshairs of this coalition of wealthy plutocrats are trained not just on
workers in the United States, but on workers in every part of the world.
Just as they seek to bust our unions and our will to resist them, they seek to
remove and overthrow any leader who challenges their “right” to
force their will on the whole of humanity.
Bosses turn their guns on Libya
Is it any surprise that Western capitalists now turn their guns on Libya?
Libya’s leader, Moammar Gadhafi, came to power in a popular revolution
that began among officers within the Libyan army. The revolt removed the king
of Libya, who was a mere puppet of Western capitalists.
Libyan oil is the property not of Wall Street corporations but of the Libyan
people. The income derived from oil is used to provide free health care and
education for the Libyan people. Libyans live longer, on average, than the
people of any other country on the African continent, according to both CIA and
United Nations statistics.
For decades the Libyan government gave material solidarity to people all over
the world struggling for justice — from the Irish Republican Army
fighting against British colonialists to the Black Panther Party as it fought
for self-determination and Black Liberation against police brutality and
When British miners went on strike against Margaret Thatcher’s
Reagan-style program of cutbacks and layoffs in 1984, the Libyan government
welcomed a delegation from the National Union of Miners. Libya and the people
of Cuba have a strong alliance, aiding each other as both face endless threats
from the Wall Street-owned U.S. government.
Tremendous economic and military pressure from the imperialists caused Libya to
pull back in many areas, domestic and international, over the last ten years,
but that didn’t satisfy the U.S. and NATO. They want a complete
counterrevolution and a takeover of Libya’s oil, as they have done in
Iraq. Right now U.S. and NATO bombs are falling on Libyans, and capitalist
politicians daily call for Gadhafi to either step down or be “taken
The NATO bombs that kill innocent people in Libya differ only in their lethal
power from the clubs, handcuffs, nets and Tasers used by police in the United
States as they break up demonstrations and repress those who fight Wall Street
terrorists in this country.
The same politicians and officials who order the leader of Libya to step down
also order workers in the U.S. to “accept the cuts” or
“compromise” their jobs and livelihoods away.
Is it possible that some Libyans disagree with Gadhafi for legitimate reasons?
Of course. Politics in Libya, like any country, are always full of
disagreement, contradictions and debate.
But it should be obvious that the highly armed but numerically weak rebels are
not a “people’s movement from below,” especially now that the
Pentagon is backing them up with cruise missiles.
Just as Wall Street can find a few willing pawns to join their “Tea
Party,” they can surely find a few people of Libyan descent who will
march and cheer as bombs fall on their own people.
A traitor can always be bought as long as enough money is available. And money
is one thing the Wall Street exploiters have plenty of.
The people of Libya, who fight against NATO’s efforts to force on them a
fully compliant, austerity government, face the same enemy that students, the
elderly, public workers, labor unionists, women and all here who struggle for
justice are fighting.
Sam Marcy, the founder of Workers World Party, called this the “global
class war.” Marcy made clear that workers in the U.S. had no
“independent destiny.” He pointed out that our struggle against
Wall Street is the same struggle workers all over the planet are engaged
The battle is heating up, not just in Libya, but in the United States, Britain,
Egypt, Greece and every corner of the globe where working people are resisting
Wall Street’s attacks and refusing to be stomped into submission.
Let us stand together with the Libyan people. The workers of all countries
fighting together have the inherent power to bring the Wall Street class and
their whole imperialist system to its knees. Let us build a whole new world
without any billionaires or NATO bombs and with jobs, education and a decent
life for all. Let us abolish capitalism and fight for a new socialist world.
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