Macintosh

Faced with economic collapse the bourgeoisie can no longer pretend that there is no crisis. In the face of skyrocketing trade and payments deficits, the bourgeoisie of each country must seek to make its national capital competitive on the world market again.

Everywhere events impose one policy and only one policy on the bourgeoisie: draconian austerity programs. To make the national capital competitive, to take away markets from rivals, and to restore an adequate rate of profit for capital, requires drastic cuts in “social” spending (education, health care, public transportation, housing) and the installation of controls over wages.

...