Protests in Greece

If Greece was to default on its loans it would have a widespread impact way beyond its national frontiers. Effectively Greece has already been excused billions. It has been agreed that Greece’s creditors will annul 50% of what’s owed to them, effectively wiping out 106 billion euros at a stroke. This was presented as a ‘haircut’. Capitalism doesn’t have any solutions to its historic crisis, only deepening austerity. None of the alternative measures proposed by different factions of the bourgeoisie offer the prospect of a revival in the economy.

The explosion of anger and revolt by the present generation of proletarianised young people in Greece is not at all an isolated or particular phenomenon. It has its roots in the world crisis of capitalism and the confrontation between these proletarians and the violent repression which has unmasked the real nature of the bourgeoisie and its state terror.

This article has already been published online, here .

The explosion of anger and revolt by the present generation of proletarianised young people in Greece is not at all an isolated or particular phenomenon. It has its roots in the world crisis of capitalism and the confrontation between these proletarians and the violent repression which has unmasked the real nature of the bourgeoisie and its state terror.