#Unite to build "Hands of our Homes" committees in every neighborhood. These would mobilize the neighborhood through direct action to prevent any foreclosures or evictions.
#Campaign for the nationalization of all financial institutions under workers' control and management. The new nationalized financial institution thus created would re-negotiate all mortgages and see that nobody paid more than an affordable mortgage, a maximum being 15% of family income.
#The capital in this newly nationalized financial institution also to be used to invest in building affordable publicly owned housing so that all, irrespective of income would have a decent home.
Contact us and let us work together.
Today I see that The Economist, the serious capitalist journal out of England, in writing about the US presidential election, gives its perspectives for the US. This is a very pro US capitalism journal but in spite of that they are not optimistic. It is important to see what journals like these write. They are the voices of the capitalist class, we have to see what the enemy is saying. The perspectives below explain that the US capitalist class is losing its dominant position in the world and its powerful economic engine at home. It was a combination of these two factors that allowed US capitalism to give enough concessions to the US working class to keep them from moving to the left and building independent fighting organizations. The Economist explains this period is now coming to an end.
With this change in the objective situation, with this crisis of US capitalism, the US capitalist system itself will drive the US working class to its feet and to take an independent position. In this process the ideas of revolutionary socialism can get a mass base if the revolutionary socialists do their work right. Contact us and fight for revolutionary socialism.
Here is what The Economist writes: The immediate focus which has dominated the campaign (the election) looks daunting enough: repairing America's economy and its international reputation. The United States is at the start of a painful recession. Some form of further fiscal stimulus is needed, though estimates of the budget deficit next year already spiral above $1 trillion. Some 50 million Americans have no health care cover. Abroad, even though troops are dying in two countries, the cack handed way in which Bush has prosecuted his war on terror has left America less feared by its enemies and less admired by its friends than it once was. Yet there are also longer term challenges, worth stressing if only because they have been so ignored in the campaign. Jump forward to 2017, when the next president will hope to relinquish office. A combination of demography and the rising costs of America's huge entitlement programs - Social Security, Medicare and Medicaid - will be starting to bankrupt the country. Abroad a greater task is already evident: welding the new emerging powers to the West. This not just a matter of handling the rise of China and India, drawing them into global efforts, such as curbs on climate change, it means reselling economic and political freedom to a world that too quickly associates American capitalism with Lehman Brothers and American justice with Guantanamo Bay. "
This is no time to be downhearted. W now have the greatest of opportunities to explain that as Alan Greenspan recently said: "Capitalism doesn't work." In the times ahead the opportunities to explain the alternative is socialism will grow exponentially.
Sean
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