Socialist Worker

The banks are still robbing us

Five years of crisis, chaos and cuts for us… and five years of bailouts for the rich

Published Tue 7 Aug 2012
Issue No. 2315


Years of economic crisis have pushed ordinary people around the world into poverty and despair. But bankers have seen their wealth soar.

Governments have stolen trillions of pounds from us to throw at the banks. They say this is to keep “the system” going—as if that benefits ordinary people.

But what’s really happened is a massive transfer of wealth from the poor to the rich. The amount of money going towards ordinary people in Britain has plummeted.

It was bankers building up unsustainable debt bubbles and trading in debt that sparked the crisis in the first place. But, this isn’t just about the banks.

We live in a world where the top priority is for the rich to get richer—whatever the cost. As long as that system remains crises will recur.

The Tories, like governments across the world, are determined to make ordinary people pay for them. The only way out for ordinary people is to build the biggest resistance possible—to smash the Tories and to fight for a better world.

» Alex Callinicos: Depression goes from bad to worse

» Tory cuts make life far harder than a decade ago


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Tue 7 Aug 2012, 18:14 BST
Issue No. 2315
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