[Marxism] No to Wall Street bailout! The socialist answer to the financial crisis!

[Aaron Aarons]

At 21:58 -0700 2008/09/24, Jerry Wells wrote:
>From: Jerry Wells <jeremy at infowells.com>
>Subject: [Marxism] No to Wall Street bailout! The socialist answer to the
>	financial	crisis!
[SNIP]
>No to Wall Street bailout!
>The socialist answer to the financial crisis
>Statement of the Socialist Equality Party National Committee
>22 September 2008
>
>(Link to full Statement:)
>http://www.wsws.org/articles/2008/sep2008/econ-s22.shtml
[SNIP]
>We propose that the major banks and financial institutions be
>nationalized and turned into public utilities, operated under the
>democratic control of the working population. The vast financial
>resources that they control must be used to provide decent education,
>housing, health care, retirement benefits and good-paying jobs for all."

"Financial resources" are just a capitalist mystification. The only "resources" that a socialist society will need are nature and labor, including, of course, the products of past labor.

The SEP/WSWS is just proposing a radical version of the New Deal. And they don't deal with the fact that the levels of material consumption that they implicitly want to defend have always depended on the looting of the majority of the planet's people and resources.