beings from every form of exploitation, oppression, alienation and violence. socialism must be under the control of ordinary people. democratic, pluralist, multi-party, feminist ecologist, anti-militarist and internationalist. It must abolish wage slavery and national oppression.
The working class is the backbone of unity among all the exploited and oppressed. fight against capitalism and for a clear programme of action in order to gradually acquire the experience and consciousness needed to defeat capitalism at the decisive moment-of crisis.
The movements of women, lesbians and gay men and black people to fight their particular forms of oppression make an essential contribution to the struggle for a different society. They are organised around the principle "None so fit to break the chains as those who wear them".
The whole working class needs to fully commit itself to these struggles. Furthermore we fight for a strategic alliance between workers and these Organisations which respects their legitimate autonomy.
By simultaneously building revolutionary organisations in each country and a revolutionary International we aim to guide and encompass the global interests of the workers and oppressed. By building a united struggle against exploitation and oppression we aim to ensure the survival of the human race. The working class and its allies must uncompromisingly In the November 5 article "Chaos in the Markets?" Andy Kilmister states that:
"The reason why the 1987 stock market crash and the fall in shares in Japan in the 1990s led to recession was largely the mass of bad debts held by the banking system at the time.
"This factor is not nearly so prevalent now, and outside specific countries a collapse in the financial markets is not so likely to lead to a general capitalist crisis on its own".
In the light of the collapse of Yamaichi securities, which had a secret off-balance sheet debt of €1.2 billion, this is questionable.
If a major company like Yamalchi securities (Japan's fourth largest broker) can hide a massive debt, then the prevalence of international corporate debt is uncerSubscribe now to 12 issues for just £20.
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* You can send us letters or articles by e-mail: day February 25. * Look up our web page. You can find us at: http://www.gn.apc.org/labournet/s0 OUTLOOK Your marxist, internationalist view on a world of struggles and issues, 20 pages monthly. 12 issues delivered for just £10. OVERSEAS subscribers: SPECIAL OFFER (UK only) One year of Socialist Outlook, PLUS one year of International Viewpoint (Fourth International magazine) for only £30. Please send me • 12 issues of Socialist Outlook • 12 issues of Socialist Outlook plus International Viewpoint. I enclose a cheque/order for £..., Phone SEND TO: Socialist Outlook, PO Box 1109, tain. This is a potential crisis, the dimensions of which many not have been fully appreciated.
Chaotic events such as booms and busts will inevitably occur under capitalism.
When huge corporations collapse, the capitalist class loses confidence in the stock market and this can trigger a domino effect.
Major international crises can quickly develop.
Duncan Cryer, Bristol Outlook @gn.apc.org. Deadline for our March issue is WednesAge