gone are the days when capitalism and socialism could not be spoken off in the US.

I remember reading a copy of the Wall Street Journal some years ago where they admonished the author of an article for using the word capitalism. They explained that this made people think in terms of systems and this was bad, they might start thinking there was an alternative system. They also advocated that if the author had to talk about capitalism he describe it as democracy. 

Today the wall street journal is full of talk about capitalism. On its front page today it writes of a debate between the European leaders and the US leaders over "capitalism's future." The headline in an article on page 4 is "Rethinking capitalism's future." This refers to the european capitalist leaders wanting a world regulatory body and the US as usual saying hands off our economy and system we will do what we like. Sarkozy, the French President calls for a "world wide solution" and the need to build together the capitalism of the future." Bush in turn warns of the need to "preserve the foundations of democratic capitalism." A Harvard university professor commenting on this debate between the US capitalist class and the European capitalist powers said; "I do not think we can blow them (the European powers) off as we might have a year ago." This is a sign of how the US lead financial model has collapsed and brought down  with it the dominant role that US capitalism had on the world stage. 

The recent nationalization of whole swathes of the banking system in Asia, Europe and the US has been a major change in direction from the privatization and deregulation of the past decades. The Wall Street Journal again in todays issue pointed out that one year ago Paulson was preaching the danger of over regulation of the markets and now he has presided over partial nationalization and steps to re regulation. The paper went on to say that President Hugo Chavez of Venezuela was now calling Bush "Comrade Bush."

The world is changing. Capitalism's arrogant offensive of the past almost 40 years lies in the rubble of the worlds' stock markets.  And the second shoe has still to drop. That is the mass lay offs and closures of workplaces as the working class can no longer keep up their spending and as the capitalist class no longer invest. In the US there is a serious danger of the collapse of one of the big three auto companies or the merger of GM and Chrysler and mass lay offs. 

US working class people and youth have to face up to the reality. The world that has existed for the past decades is no more. We  cannot get by any longer without organizing and becoming active in struggle. We have to organize along with working class people and youth all over the world to end capitalism and build a democratic socialist world. Contact us. Sean

Sean