Last week speculation reached fever pitch in the press over whether or not Brown
would call a snap General Election after only three months as prime
minister. The Tories were languishing in the polls and the young Turks of
New Labour's front bench were keen to launch an election. Then new polls showed a different picture. However, there is little enthusiasm amongst traditional Labour supporters and there are
dangers of an economic crisis.
We are making available to our readers an appeal by the Labour
Representation Committee on the issue of internal party democracy. On Sunday
Labour Party conference kicks off. If Brown’s proposals are accepted it appears
that from next year CLPs and affiliates will no longer have the right to take
resolutions to Party conference.
Over the past 15 years
production has risen at about 3% a year in the OECD countries, while money
supply, mortgage and company debt, personal borrowing and the massive so-called
derivatives market based on this credit has increased at over 25% a year!
Result? A huge bubble which is now bursting, starting with Northern Rock.