...the bailout of the financial system by states has temporarily stabilized the position of the banks, while guaranteeing the wealth of the financial elite. However, this has not resolved the crisis that erupted in 2008, but merely transferred it into a growing crisis over state debt.
The sovereign debt crisis and the demand that the working class pay for this debt through an unprecedented attack on living standards is creating the conditions for social revolution and renewed economic and financial collapse.
in the time remaining, to help us understand how the man-made system of capitalism will lead to the extinction of our human species, and so many others.
Friday, May 7, 2010
Greek Parliament approves deep social cuts in face of mass opposition
from World Socialist Web Site.