Last Sunday's first round in
the French local elections confirmed a widespread shift to the left, with
Sarkozy losing significant support. The Socialist Party did well, as did forces
that stand to its left. Here we wish to highlight the Marxist candidates
standing for the PCF in the area around Toulouse,
who significantly boosted the party's vote.
How do you lose £3.7 billion? Down the back of the sofa? Meet Jérôme Kerviel. He lost £3.7 billion of
his employer’s money, Société Générale, a French
bank. Is it actually a good argument for
capitalism that the whole world can be screwed up because of a solitary rogue
trader? Is the system really so precarious that one crook can send world
financial markets into freefall?
Sarkozy is consciously provoking some of the big battalions of
the French labour movement. His strategy is clear: take on the strong sections
of the class and, counting on the weak trade union leaders, smash them in order
to prepare the ground for an all-out attack on the rest of the class. The
stakes are high. With a bold, militant leadership the workers could win.