The Communist Party Of Australia

The Great Depression and the Communist Party of Australia The current bungle crisis is a fundamental crisis of the world capitalist system. British corporate Phil Hearse calls it the third slump in the history of the capitalism (the another(prenominal) deuce macrocosm the Great Depression of the 1930s and the 1974-75 astutely downturn). And the levels of pot distress may yet come to foe the 1930s. We for certain already afford the anti-human irrationality of that period. Some prison circumstance ago I came across a TV platform about Las Vegas and the crisis. Casino business was down, it said. But Las Vegas also has public suburbs, upright of struggling, financially stressed homeowners. Across the city the sheriffs department was conducting 3500-4000 home evictions each month! And the US has lashings of cities the size of Las Vegas. But it is not the desperate homeowners who are macrocosmness bailed out, but the very bankers and speculators whose insatiabl e greed caused the crisis. In a November 26 article on counterpunch.org Kevin Zeese wrote: $7.6 trillion. That is what [financial information agency] Bloomberg reports has been committed on behalf of the American taxpayer to bail out Americas pay system. This includes spending by the Treasury, Federal Reserve and FDIC. The amount is meet to half the value of allthing produced in the United States last year.

It is $24,000 for all(prenominal) man, woman and child in America, that is, nearly $100,000 for a family of four. Its nine times what the US has spen t so far on wars in Iraq and Afghanistan. ! It is enough money to pay be take a crap more than half the countrys mortgages, but bankruptcies have continued despite the bailout. We do not even bedevil love where all of those funds have gone. The taxpayer is putting up a kings ransom and not being told who is receiving it. We fasten the debts of banks and are not being told what collateral is provided or who is receiving the funds. in front receiving the bailout funds,...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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