Fighting the ‘Bailout’ – why a referendum is not the answer


Approximately 300 people attended a meeting in the Gresham Hotel in early April which “endorsed the formation of a campaign, called "Enough!" to resist the IMF EU deal and to demand a referendum.”[i] At first thought it seems to be a campaign which should be enthusiastically supported by anarchists and libertarians.  After all we’re always going on about grassroots democracy and about involving people in decisions about things that affect them. And didn’t the people of Iceland have not one but two referenda on their ‘bailout’ in the last 13 months?  If they can have two, why shouldn’t we have at least one!

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