- Created: Wednesday, 19 September 2012 09:49
- Written by FRFI
The crisis of the capitalist system demands a political response. The RCG believes that the way for human society to progress – or even to survive – is for capitalism to be destroyed. The British ruling class will never allow the system which maintains its domination to be wished or voted away – it will take a revolution led by the working class. The only alternative to capitalism is socialism: a conscious and organised process of constructing society in which people cooperate in order to meet their needs rather than serve the dictates of private profits; a society enabling the full development of every individual rather than privilege for a few.
Britain is the oldest imperialist country in the world. It was the first to develop into monopoly capitalism – imperialism, and is still a major imperialist power, second only to the United States. Britain’s imperialist character has been decisive in determining British economic, social and political developments. The banking system and multinational corporations based in the City of London represent a parasitic and decaying capitalism. At the end of 2012 British international investments, including financial derivatives, amounted to around £10bn, more than 6.6 times Britain’s GDP. Whilst British banks and multinational corporations exploit the majority of humanity in oppressed countries, within Britain millions live in poverty, with many – women and oppressed black and immigrant people in particular – trapped in low wage, part-time jobs, or increasingly forced out of work altogether. Meanwhile, money-grabbers in private industries and banks continue to amass super profits and pay their directors inflated salaries, and the directors of our public services are richly rewarded for running them down.