28
Jun
13

More half-baked left-reformism from PbP/ULA

Richard Boyd Barrett in his role as Finance spokesperson for People Before Profit/ULA has responded to the revelations of the discussions between executives at the Anglo-Irish bank and the latest CSO economic figures.

Now remember that this is someone who supposedly considers himself to be a revolutionary socialist. Lets skip to his conclusion:

“We urgently need to get out on the streets and say, we have enough of this. We need a coming together of all those hundreds of thousands of people, who are suffering as result what bankers and politicians have done, to form a people’s movement demanding fairness, justice and jobs.”

In the current narrative being developed by the capitalist media commentators this is being sold as an aberration caused by a small group of irresponsible “gangsters” and if only the market regulators had done their job properly then none of this would have happened. No “revolutionary socialist” worthy of the name should be buying into this narrative by not explaining that this is actually just the natural result of the normal operation of the capitalist financial markets.

How can a “revolutionary socialist” discuss austerity without pointing to the massive increase in wealth that has been garnered by the Irish super-rich and foreign multinationals during the past few years.

If a “revolutionary socialist” is going to talk of “demanding fairness, justice and jobs” then that has to be linked to the overthrow of capitalism and its replacement with a new socialist society. To do otherwise is to accept, and indeed reinforce, the social democratic lie that it is just a matter of a change of policy without any fundamental change in the way society operates.

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Return of recession exposes abysmal failure of austerity and continuing cost of bailing out “gangster” banks

In a statement, Richard Boyd Barrett TD, Finance spokesperson for People Before Profit/ULA, has responded to the latest CSO economic figures, showing that the Irish economy has moved back into recession, saying the figures expose the “abysmal failure of the government and Troika austerity policies” and the “continuing cost to ordinary people of bailing out “gangster”banks, like Anglo-Irish bank.”

Deputy Boyd Barrett said the figures confirmed the need to abruptly abandon the discredited policy of bank bail-outs and austerity in favour of policies focused on direct public investment to generate growth and jobs.

Deputy Boyd Barrett added that the “Anglo tapes” provided “further evidence that Irish citizens had no moral responsibility to pay-off the debts run-up by the private banking system and that the government should immediately repudiate those debts and use the billions currently being paid out in debt interest to fund a major public investment and jobs programme.”

Richard Boyd Barrett TD said: “The CSO confirm what some of us having being saying for a long time – namely, the policy of austerity and paying off bankers debts, is not only cruel and unjust, it is destroying our economy and the wider EU economy.

The “Anglo tapes” add the ultimate insult to this injury. These laughing gangster bankers are walking around rich and free while the country has been driven onto its knees and shows no sign of getting up.

Government’s rhetoric that “it’s painful but it’s working” has been exposed for the bogus clap-trap that it is. To continue down the road of cuts to meet these banker’s debts is a recipe for long-term economic depression. We have to stop this humiliation and stupidity.

The CSO figures, taken along-side the “Anglo tapes,” show, we have both the moral and practical right to repudiate the debts run-up by gangster bankers and use our resources to fund a major public investment and jobs programme.

This year we are paying out €8 billion in interest to pay-off debts that were run-up as result of the gangster activities of bankers like those in Anglo. Five years on, we are still being bled dry as result of what these people have done, and yet, the politicians continue to protect them.

We urgently need to get out on the streets and say, we have enough of this. We need a coming together of all those hundreds of thousands of people, who are suffering as result what bankers and politicians have done, to form a people’s movement demanding fairness, justice and jobs.”

(http://richardboydbarrett.ie/2013/06/27/return-of-recession-exposes-abysmal-failure-of-austerity-and-continuing-cost-of-bailing-out-gangster-banks/)

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