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The Bourgeois Left supports nationalisation of Irish banks
national |
worker & community struggles and protests |
opinion/analysis
Tuesday September 01, 2009 13:49 by Paddy Hackett - None rasherrs at eircom dot net
NAMA and nationalisation For the working class the debate over whether to nationalize Irish banks or support NAMA is a false debate. For the working class the debate over whether to nationalize Irish banks or support NAMA is a false debate. It is a debate that has been whipped up by the bourgeois media and a substantial component of the bourgeois political establishment together with sections of the radical left. Neither NAMA nor nationalisation can serve the class interests of the working class. Either policy is essentially bourgeois in character. Consequently the debate is really a debate within the bourgeoisie as to what option best suits its class interests. Much of the Irish Left support nationalization. Some with the qualification of nationalization under workers' control. But such qualifications make little difference to the essential nature of the policy of nationalization as a bourgeois policy. Under capitalism the workers can never control the banks. It is a contradiction to suggest that banks can be controlled by the working class. By definition workers can never nationalise the banks under workers’ control. They can only annihilate them by destroying capitalism without which banks cannot exist. |