Monday, February 29, 2016

"Attempting to ‘save’ the national economy to make things better for its inhabitants, for example, by calling for import controls or other forms of government regulation, is a reactionary policy. Firstly, it endorses the existing power of the national capitalist state to determine what will happen. Secondly, it raises national salvation above solidarity with people in other countries who are facing similar problems. This is particularly an issue for progressive people in the imperialist countries that have a dominant position in the world economy. If radicals make any concessions to those who are seeking to defend their privileges in a bankrupt system, rather than to show how the system is indeed bankrupt and must be overthrown, then they have only a short step from this to supporting imperialist aggression. The records of many wars stand in evidence." — Tony Norfield, author of The City: London and the Power of Global Finance. (Verso 2016)

No comments: