AJLPP Analysis on the Current World Capitalist Crisis (tags)
The capitalist bailout rammed into the US Congress has infused into the banks more than $ 500 B out of the $ 700 appropriations. But despite the huge infusion to the capitalist system, the crisis marched on with impunity. The Alliance-Philippines (AJLPP) believes that the latest unraveling of the “free market” dogma, the ultimate exposure of the failed concept of “neoliberal globalization” and the gravity of the current level of the economic and financial crisis of the imperialist powers headed by the US is now totally exposed to the whole world. But this phenomenon must be explained and understood and should not be feared. We must act to face this crisis with renewed determination and readiness to struggle for the people and to change this rotten system.