'Capitalism's all-round general crisis is back with a vengeance in Britain and many other developing countries', Communist Party of Britain general secretary Robert Griffiths told the Communist Party political committee on Wednesday evening (January 8).
'On every front from the US and Canada to Britain, France and Germany, ruling classes and governments are in turmoil. As their economies stagnate and the climate crisis deepens, the far right is advancing, liberal democracy is in retreat and social democracy is locked in a deadly embrace with big business market forces, the EU and NATO', he declared.
'Monopoly capitalism, its states and its political parties are sacrificing people's basic needs and aspirations on the altar of corporate profit, militarism and war', Mr. Griffiths added.
In Britain, the CP general secretary pointed to the Labour government's failure to halt the cost of living crisis, confront the chaos of extreme weather events and engage in long-term planning to revive manufacturing, rescue the NHS and resolve the crisis in social care.
'Instead of controlling prices, renationalising the utilities and taxing the super-rich and monopoly profits to fund extra public investment, Keir Starmer and his ministers prefer to borrow yet more from the City racketeers and to rely on capitalist privateers', he argued. In particular, Mr Griffiths condemned the withdrawal of the Winter Fuel Allowance from millions of pensioners and the delay in paying pensions to women born in the 1950s.
He also revealed that while wages as a share of national income (GDP) have fallen substantially since the mid-1970s - 'the bad old days when unions were too strong, we are told' - that of company profits has increased, as the rate of corporation tax on company profits has halved.
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