Peace and Freedom Party

California's Feminist Socialist Political Party

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Home Calendar Past Events 2010-07-24 World Economic Crisis, meeting in Pasadena

2010-07-24 World Economic Crisis, meeting in Pasadena

The Socialist Equality Party cordially invites you to a public meeting this coming Saturday, July 24, which will focus on the world economic crisis and its development.

When: Saturday, July 24 at 3:00pm
Where: 301 North Orange Grove Boulevard, Pasadena -- MAP
What: public meeting on on the world economic crisis and its development Sponsor: Socialist Equality Party Contact: Marc Wells, 213-935-0595 or This e-mail address is being protected from spambots. You need JavaScript enabled to view it

National governments responded to the 2008 financial crash with a series of unprecedented bank bailouts and stimulus spending measures. These steps have only created new contradictions, with the latest stage of the crisis being driven by sovereign debt fears caused by mounting budget deficits and debt. Spurred on by the pressures of the global financial markets, governments internationally are imposing brutal austerity programs, making the working class pay for the crisis through cuts to public spending, wages, jobs and living conditions.

A Marxist analysis demonstrates that the cause of these developments lies within the nature of the global capitalist system itself. Resolution of the crisis requires the overturn rather than the reform of the system. This requires the building of an independent political movement of the working class on an international basis armed with a revolutionary and socialist perspective.

Admission is free.

 

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