Tag Archives: crisis

May Day 2009: Fighting the Crisis

The following statement is from Freedom Road Socialist Organization (en español):


May Day 2009: Fighting the Crisis

By Freedom Road Socialist Organization

On May 1, International Workers Day, millions upon millions will be marching against the capitalist economic crisis that has engulfed most of the world. Working people in Africa, Asia, Europe, Latin America, the Middle East and North America will hit the streets to protest the soaring unemployment, shorter hours and cuts in pay that are sweeping the world.

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Review: Build a Fighting Workers Movement

Click the image for a PDF pamphlet version

Click the image for a PDF pamphlet version

The following review of FRSO’s Build a Fighting Workers Movement  (also here at the Marxist-Leninist) is from Fight Back! News Service:

Review: Build a Fighting Workers Movement

A review of the pamphlet Build a Fighting Workers Movement by the Labor Commission of Freedom Road Socialist Organization

By Joe Iosbaker

This past Dec. 5, 250 workers occupied the Republic Windows and Doors factory on Goose Island in Chicago. They had been told a few days earlier that the company was closing and that there would be no severance pay, or even payment of wages or sick or vacation pay owed them. Their protest, targeting their company and the Bank of America, became a national symbol of working people’s anger at the rich and powerful. “Banks got bailed out, we got sold out,” they chanted as their story was reported across the world.

Now over three months later, there has been no wave of labor action in the U.S. to follow up this spectacular beginning. Why? Aren’t millions of workers just as angry? Don’t they want to strike blows against the billionaires on Wall Street?

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Massive Job Losses Show Economy Sliding Into a Depression

Workers TakeoverThe following is form Fight Back! News:

Massive Job Losses Show Economy Sliding Into a Depression
650,000 More Jobs Lost in February

By Adam Price

San José, CA – On March 6, the Labor Department reported that the economy lost 650,000 more jobs in February. The report also said that the number of jobs lost in December and January was revised upwards by 150,000. This brought the total job losses since the recession began to 4.4 million, more than half lost in the last four months alone. The total number of jobs has shrunk by 3.2% since the recession began, the most in more than 50 years.

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Worst Economic Crisis Since Great Depression: No End in Sight for Working People

2888749178_5da9b504c31Commentary by the editors of Fight Back!

In the six months since the financial crisis exploded with the collapse of New York investment bank Lehman Brothers, the world economy has been gripped by the greatest economic crisis since the Great Depression of the 1930s. U.S. and European banks have admitted a trillion dollars in losses, while the banking system of Iceland totally collapsed. Almost all of the major economies of the world, with the exception of China, have started to contract, with millions of workers losing their jobs and businesses going bankrupt right and left. Hardest hit for now are the new capitalist economies of eastern Europe, who are being slammed by their dependence on borrowing from foreign bankers, falling exports and plunging currencies.

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The Good, the Bad, and the Ugly: Commentary on the Stimulus Package

6a00d83451e4d369e200e54f6f6c8c8833-800wiThe following is from Fight Back! News, published by Freedom Road Socialist Organization:

Commentary on the Stimulus Package
The Good, the Bad and the Ugly

By Adam Price

San José, CA – Representatives of the U.S. Senate and House of Representatives agreed upon a compromise economic package Feb. 11 totaling $789 billion in federal spending and tax cuts over the next two years. The bill is expected to quickly pass the House and Senate and be signed into law by President Obama within the next week.

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FRSO: Build a Fighting Workers Movement

Click the image for a PDF pamphlet version

Click the image for a PDF pamphlet version

The following is a new pamphlet on class struggle unionism from the Labor Commission of Freedom Road Socialist Organization. It helps give the lay of the land in the labor movement in the U.S. today and gives some particular guidance to communists intending to organize in the trade unions.

Build a Fighting Workers Movement

A pamphlet by the Labor Commission of Freedom Road Socialist Organization

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Jose Maria Sison: What the People Can and Must Do About the Financial and Economic Crisis

Thanks to Kalovski Itim for pointing out this article from the website of the International League of People’s Struggle:


Contribution to the Forum on the Global and Financial Crisis
on 30 January 2009 at De Balie, Amsterdam

By Prof. Jose Maria Sison
Chairperson, ILPS International Coordinating Committee

It is of utmost importance for the working class and the rest of the people exploited by the system of monopoly capitalism to discuss and clarify to themselves what they can and must do about the current grave financial and economic crisis.  They are necessarily concerned about being ceaselessly victimized by the monopoly bourgeoisie, extending  from the extraction of the surplus value in the process of production to the complexities of capital overaccumulation and abuses of finance capital.

In this connection,  I wish to point out certain facts in order to show in a comprehensive and profound way how the current grave crisis has come about  and how the working class and the rest of the people have been exploited and oppressed on a global scale, especially in the last three decades under the signboard of “neoliberal globalization”. Consequently, it becomes easier to discuss what the people can and must do about the crisis in terms of raising their consciousness, organizing and mobilizing themselves for making protests and demands in order to bring about the necessary social change for the better.

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