After the sub-prime crisis it is now the turn of sovereign debt. Bourgeois analysts have rushed to condemn the present serious situation as market madness.
The budget crisis in the US is stunning in its political theatrics and in its indication of the direction the US state is headed.
The Arab revolt which started in Tunisia last January and swept across North Africa and the Middle East has been a political earthquake.
The immediate spark for the riot was the shooting by the Metropolitan police of 29 year old Mark Duggan who was dragged from a minicab and during the struggle with the police was killed, apparently
(The article which follows was submitted by our comrade Ant more than one month ago. We have published it in Revolutionary Perspectives 58 without attempting to edit it.
(As we go to press the US Government and Congress seem paralysed in reaching an agreement on raising the Federal debt.
