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Cutting our way to defeat?

25th September 2009

There is now a consensus among the three main parties that there needs to be drastic cuts in public expenditure. We do not agree. The crisis was not caused by public expenditure but by the failure of private markets and an excess of private debt.

To coincide with Labour Party conference, the LRC and LEAP have published a flyer-briefing ‘Cutting our way to defeat? There is an alternative’ setting the record straight on what caused the crisis, and also putting a positive alternative based on a just taxation system and public ownership.

As the Callaghan government found in the 1970s, cuts will result in defeat - and more importantly suffering for the millions of working class people who did not cause this crisis.

The LRC and LEAP invite you to join the debate on the LRC blog and at the LEAP blogsite.

Tags: their crisis not ours (32)

Background

Across the country working people are losing their jobs and their homes. Meanwhile the bankers who plunged us into this crisis have been bailed out with billions of pounds of our money. It’s time to fight back. Their Crisis Not Ours! is the LRC’s campaign to bring together workers, pensioners, the unemployed, students, those facing repossession and all those suffering because of an economic crisis that has been imposed on us. The campaign is supporting the demands of the People’s Charter. [continue...]