All predictions point to how the current crisis will hit Britain much harder than Brown and Darling care to admit. Understandably, working people are angry at the loss of security, livelihoods and, for some, even their homes. Beyond doubt, however, is the fact that this cost will rise even further in the years to come as the state tries to force us to pay for the billions it has borrowed and is still doling out to the rich and powerful.
Apart from the obvious recurrent global economic crises, we live in a world where some 30,000 children continue to die every day, not because of a lack of resources, but because of a flawed set of economic priorities that places the profits of the rich above all others. As capitalism has gone global, the majority of the population suffer growing absolute or relative poverty, increasingly repressive governments, financial uncertainty, and social divisions. As transnational corporations grow ever more powerful, workers across the world face sub-contracting, migration, “race to the bottom” pay policies and non-contract labour in their quest to earn a living.