My blog of the 17/8/22 regarding Liz Truss as the next British Prime Minister turned out to come true much quicker than I expected. I predicted that she would very quickly become overwhelmed by events. Truss became Prime Minister on the 6/9/22 and resigned on the 20/10/22 after just 44 days in the job. Many people may find Truss short reign as Prime Minister quite farcical. But as I shall explain in this blog it raises much deeper issues.
Firstly we should welcome her resignation as Prime Minister. She is a nasty warmonger. Also she is a neo liberal who could not care less about the poor or the working class.
Truss wanted to cut the wealthy top rate of income tax from 45%. She also wanted to cut corporation tax. As a warmonger she wanted to increase defence spending to 3%. However the threat of a market meltdown forced her to reverse these reactionary policies. She tried to pass the blame onto the Finance Minister Kwasi Kwarten who she sacked. But when the Home Secretary Suella Braverman resigned Truss position became untenable and she had no choice but to resign as Prime Minister yesterday.
Many political commentators put the blame for the present crisis on Truss incompetence. However I believe we are facing a much more deep seated economic crisis, which neither the next Conservative Prime Minister or Keir Starmer the ‘Labour’ Party leader will be able to solve.
Firstly western imperialism is losing ground economically to China, Russia and the Asian countries. No amount of western imperialist bullying will be able to reverse this.
Secondly the British economy heavily based on financial services and fictitious capital. Will suffer heavily from the fast approaching next economic crisis.
Thirdly Russia, s correct decision in my view in the face of western imperialist bullying to withhold the supply of gas to Britain and European Union countries will cause massive economic disruption in these countries. Along with the threat of power cuts this Winter.
The next Conservative Prime Minister will not be able to solve this crisis and will quickly become lame ducks just like Truss. So will Keir Starmer the Trilateral Commission reactionary right wing leader of the British ‘Labour’ Party. Starmer has already said that ‘hard’ economic decisions will have to be made. In other words make the poor and the working class pay for the economic crisis.
So what should the working class do in the face of this economic instability? Firstly fight to stop the implementation of the reactionary World Economic Forum ‘great reset’. I have already written about this ‘great reset’ in my previous blogs.
Secondly support the growing strike wave here in Britain. Also fight against cuts in social security benefits.
Thirdly support people who refuse to pay their gas and electricity bills.
Fourthly help to build a new anti globalist anti new world order socialist movement here in Britain.
Fifthly help to build a new economic system system based on democracy, equality, peace and justice.
Best wishes to all for the future.