Re: New Labour

[LPA <blissett@xxxxxxxxxxxxxxxxxxxxx>]

>Comrades:
>
>The British Labour Party are now only in power a few days and they
>have already raised interest rates which is going to adversely affect
>living standard of the working class.
>
>Furthermore by handing control of interest rate policy over to the
>Bank of England they are surrendering sovereignty concerning a key
>aspect of economic policy which again affects the working class. By
>this act they have surrendered a significant aspect of decision
>making power directly over to the financial capitalists and away from
>thedmeocractic process. ANd yet they talk about too much
>centralisation
>
>Clearly the bougeois Labour Party are sending out a clear message
>from the very beginning that they are on the side of the capitalist.
>class.
>
>                                                  Karl

The point about handing over control of the interest rate policy over to a
board of 'wise men' centred on the Bank of England is to make a step
towards European monetary union. As regards the "surrendering of
soveriegnty" this is to redolent of tory euro-scepticism to go by without
remark. What is sovereignty? According to the British constitution it is
"the crown in parliament" which means the integration of parliament into
judiciary, army, church, cabinet office and prime ministers office. Quite a
complex  web of inter-relations which have given the British state its
stability over the last two hundred years. The working class has no need to
defend parliament against "financial capital" as it is a bourgeois
institution. The "democratic process" is farce, manipulated by the media
that masks the dictatorship of capital.

In the fullness of time, the Labour Party will (most likely) plan to go
into the  European single currency, and put the matter to a referendum.
When such an eventuality occurs, we should not try and defend the
sovereignty of the old nation state against the New European Order, but
pose the question of communism, of tha aboloition of wage labour and the
abolition of money.


Leutha Blissett

http://www.unpopular.demon.co.uk
http://www.dsnet.it/qwerg/blissett/bliss0.htm
http://www.skatta.demon.co.uk




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