How to Face Global Systemic Crisis
March 7th, 2011 | 
Author: The Crash of 1929 in New York Stock Exchange because of the speculative bubble burst on the actions caused the Great Depression in the 30′s, who created the breeding ground for the collapse of the League of Nations and World War II. The Crash of 2008, with the collapse of Lehman Brothers, is another global systemic crisis, as the 29 that originates at the center of the system and also has its origin in a speculative bubble formed by the real estate speculation on the title subprime mortgages and derivative financial products.
The consequences of this crisis, initially 35 million new unemployed in developed countries and 120 million new starving people in the world in 2008 to move to food speculation. Later social cuts, rising unemployment and general impoverishment of the population in Europe due to budget cuts and policy adjustment measures imposed by governments stability criteria of the European Central Bank and the International Monetary Fund, and that after the deficit and public debt of the states were to cover the bad debt generated by the speculative practices of banks.
Now the rating agencies are fraudulent arbiter of the goodness of the state debt, which must conform to the requirements and sacrifices demanded by the markets to build their confidence.
North Africa while she stars in her revolt against the tyrants, whose trigger has been the basic food prices is partly speculative, this coupled with the lack of freedom and future prospects of young students and workers, German, Italian Belgian, British manifest.
The UN is little more than a spectrum and imposing financial powers to states and prepare the landing of his proposals through the IMF, the G-8 and G-20. The dominance of the global financial oligarchy is overwhelmingly popular sovereignty thanks in part to the “Boabdil” of all people gave their statements to the oligarchs, and now cry that they could not or would not defend, the public is prey to his capitulation and no choice but to rebel against the power of money, against the tyranny of the markets.
The first stage of the current strategy of democratic citizenship against the rule of capital necessarily involves our representatives require immediate and effective regulation and control of finances, that before it is too late and the wreck of the UN and the lack any semblance of global governance, definitely leave the field open to speculators and lead to a new major war. Do not forget that hatches War 2 in a pre-revolutionary situation.
To tackle the current crisis of capitalism, which is a systemic crisis, states have to take, or failing to establish a rigorous control over finance. That means nationalizing banks, raise taxes on financial transactions and eliminate these caves of opacity and crime that are tax havens.
Posted in 
Tags: