The world capitalist system is ensnared in its greatest crisis since the Great Depression of the 1930s. The financial turmoil that began two years ago with the sudden failure of Wall Street icons has metastasized into a global economic breakdown.
The Obama administration’s claim that it has “broken the back” of the recession is a self-serving lie, told by cynical politicians who are convinced that the people can be made to believe anything. Tens of millions of people are unemployed, and millions have been thrown out of their homes. Public schools and universities are cutting tens of thousands of jobs and reducing admissions. State and local governments are responding with mass layoffs, pay cuts and the elimination of basic social programs.
The corporations and wealthy, led by the Obama administration, have used the economic crisis to increase their wealth, seizing on high unemployment as an opportunity to lower wages and increase profits.
In the aftermath of the 1929 collapse on Wall Street, the government and the press repeated endlessly the refrain: “Prosperity is just around the corner.” But the depression that began with the stock market crash and then spread throughout the world lasted more than a decade and led to unprecedented suffering and destruction.
A new warning must be raised with all necessary urgency. The present crisis will not simply go away. There is no peaceful, let alone easy, way out of the economic and social impasse into which capitalism has led mankind. Join us for a series of meetings to discuss the socialist program and the political strategy for building a working class movement against capitalism.
The world capitalist system is ensnared in its greatest crisis since the Great Depression of the 1930s. The financial turmoil that began two years ago with the sudden failure of Wall Street icons has metastasized into a global economic breakdown.
The Obama administration’s claim that it has “broken the back” of the recession is a self-serving lie, told by cynical politicians who are convinced that the people can be made to believe anything. Tens of millions of people are unemployed, and millions have been thrown out of their homes. Public schools and universities are cutting tens of thousands of jobs and reducing admissions. State and local governments are responding with mass layoffs, pay cuts and the elimination of basic social programs.
The corporations and wealthy, led by the Obama administration, have used the economic crisis to increase their wealth, seizing on high unemployment as an opportunity to lower wages and increase profits.
In the aftermath of the 1929 collapse on Wall Street, the government and the press repeated endlessly the refrain: “Prosperity is just around the corner.” But the depression that began with the stock market crash and then spread throughout the world lasted more than a decade and led to unprecedented suffering and destruction.
A new warning must be raised with all necessary urgency. The present crisis will not simply go away. There is no peaceful, let alone easy, way out of the economic and social impasse into which capitalism has led mankind. Join us for a series of meetings to discuss the socialist program and the political strategy for building a working class movement against capitalism.
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Public meeting in Ypsilanti, Michigan - The breakdown of capitalism and the fight for socialism in the United States
The breakdown of capitalism and the fight for socialism in the United States
The world capitalist system is ensnared in its greatest crisis since the Great Depression of the 1930s. The financial turmoil that began two years ago with the sudden failure of Wall Street icons has metastasized into a global economic breakdown.
The Obama administration’s claim that it has “broken the back” of the recession is a self-serving lie, told by cynical politicians who are convinced that the people can be made to believe anything. Tens of millions of people are unemployed, and millions have been thrown out of their homes. Public schools and universities are cutting tens of thousands of jobs and reducing admissions. State and local governments are responding with mass layoffs, pay cuts and the elimination of basic social programs.
The corporations and wealthy, led by the Obama administration, have used the economic crisis to increase their wealth, seizing on high unemployment as an opportunity to lower wages and increase profits.
In the aftermath of the 1929 collapse on Wall Street, the government and the press repeated endlessly the refrain: “Prosperity is just around the corner.” But the depression that began with the stock market crash and then spread throughout the world lasted more than a decade and led to unprecedented suffering and destruction.
A new warning must be raised with all necessary urgency. The present crisis will not simply go away. There is no peaceful, let alone easy, way out of the economic and social impasse into which capitalism has led mankind. Join us for a series of meetings to discuss the socialist program and the political strategy for building a working class movement against capitalism.
The world capitalist system is ensnared in its greatest crisis since the Great Depression of the 1930s. The financial turmoil that began two years ago with the sudden failure of Wall Street icons has metastasized into a global economic breakdown.
The Obama administration’s claim that it has “broken the back” of the recession is a self-serving lie, told by cynical politicians who are convinced that the people can be made to believe anything. Tens of millions of people are unemployed, and millions have been thrown out of their homes. Public schools and universities are cutting tens of thousands of jobs and reducing admissions. State and local governments are responding with mass layoffs, pay cuts and the elimination of basic social programs.
The corporations and wealthy, led by the Obama administration, have used the economic crisis to increase their wealth, seizing on high unemployment as an opportunity to lower wages and increase profits.
In the aftermath of the 1929 collapse on Wall Street, the government and the press repeated endlessly the refrain: “Prosperity is just around the corner.” But the depression that began with the stock market crash and then spread throughout the world lasted more than a decade and led to unprecedented suffering and destruction.
A new warning must be raised with all necessary urgency. The present crisis will not simply go away. There is no peaceful, let alone easy, way out of the economic and social impasse into which capitalism has led mankind. Join us for a series of meetings to discuss the socialist program and the political strategy for building a working class movement against capitalism.
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