Workers Solidarity Movement

Call to Action from Bloom: Movement for Global Justice and the Seomra Spraoi Collective
Act for Justice on Wednesday, April 1st at 1pm - It's Financial Fools Day!

Teachers Club, 36 Parnell Square Tuesday 19.30hrs March 10th.

The Irish government has called in as financial adviser Henrietta Baldock of the remarkable loss making machine that is Merrill Lynch

Billionaire investor Warren Buffett commented on the US financial crisis that “it’s only when the tide goes out that you learn who’s been swimming naked, and Wall Street now looks like a nudist beach.” Well when it comes to Ireland, the receding tide of the global economy has revealed that not only were our business and political elites swimming naked, they were engaged in a great big orgy as well.

The unveiling of Alasdair Darling’s budget, representing as it does as the strategy on the government’s part to deal with the developing recession which the global economic crisis has caused, has unsurprisingly been surrounded by hysterical commentary from the mainstream media.

The insurrection in Greece is a violent manifestation of the flame of class war that is sweeping across the world.
The flame of rage against injustice is burning from sweatshops in China to the streets and campuses of Dublin; to the inner city areas of Belfast. From the thousands of pensioners, education workers who took to the streets recently, to the workers who occupied a factory in Derry, we all share a common desire for change.

The official story is that the origins of the current crisis lie in the collapse of the US subprime mortgage market - i.e. poor people not paying their mortgages. Although this may have been the trigger event, it is not the real cause. The real cause lies in pyramids not houses. Specifically the enormous debt pyramid built up by the Western countries, particularly those following the Anglo-saxon economic model - which, unfortunately for us, includes Ireland.

The financial markets have taken a hammering. Speculators (that’s a rich person’s word for ‘gambler’) lost incredible sums of borrowed cash in bets on everything from mortgage values to the possible price of wheat in 2011. Banks who lent out far more money than they actually had needed governments to step in with billions to bail them out. In some countries the state took them over.

The Workers Solidarity movement, an organization of anarchists in Ireland, will host a talk on the economic crisis, its causes and the anarchist alternative.

br>
As capitalism yet again drags us all into a crisis we’ll discuss why this keeps happening, why capitalism has always been and always will be unstable, and the effect that this insecurity has on all of our lives.

When: Wednesday the 3rd December 2008 at 7.30pm
Venue: Teacher’s Club, 36 Parnell Square West, Dublin 1