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is a political organisation aiming to build workplace and community democracy through direct action and struggling with all those fighting for change.
We stand for the power of workers and local people against the bosses and politicians in order to bring about radical social change, to build a society based on freedom, democracy and cooperation.
On Tuesday 9th of December, members of L&S joined the London Coalition Against Poverty in successfully defending a single mother’s right to housing.
1.The current crisis is typical of the crises that regularly appear in the capitalist economy. "Overproduction", speculation and subsequent collapse are inherent to the system. (As Alexander Berkman and others have pointed out, what capitalist economists call overproduction is actually underconsumption: capitalism prevents large numbers of people from fulfilling their needs, and so undermines its own markets.)
On Monday the 3rd of November, bailiffs were due to evict the Nutritious Food Galley. The residents of Broadway Market and the surrounding area came together to defend the much-loved local greengrocers. They did this despite a long and painful process of gentrification which saw the communal high street of Broadway Market come under attack from the council, property developers and gastro-pub business owners.
This comment article will argue that residents associations are important for building working class power, although there are many contradictions. The examples given are drawn from Scotland, but are there as generalisable examples.
I will begin by examining how the centre of capital accumulation shifted from Europe to the US in the first half of the twentieth century, and how following World War II the global financial order became centred around the US through the Bretton Woods system.
I will then look at how the Bretton Woods System was undermined, concentrating as much on the role of workers’ militancy as on the role of the Eurodollars market. After considering the response to the crisis of Bretton Woods, I'll look at the Clinton boom bringing us up to the current situation of the US’s current heavy dependence on foreign borrowing.
