In a recent BBC poll (5th Sept), 60% of those surveyed supported the government’s cuts agenda. The ConDem coalition has used the media to create a storm of deficit fetishism. This will pave the way for cuts that are driven by an ideology that is anti-benefits, anti-union and fundamentally anti-worker. How are we to respond to this?
Origin of the Crisis – Why was the UK vulnerable?
This was not a crisis caused by the public sector. Crises are inherent in our economic system - this one was just delayed by the financial trickery of global capital. The UK, at the heart of global financial markets, was hit hard because the government came to rely so heavily on the revenues of the banking and financial sectors.