Attention delegates to the Peoples Assembly recall conference - Teesside PAs motion on #EconomicDemocracy has been missed out of the booklet. We have been told this will be resolved by Friday. But here it is for your consideration: Conference notes: 1. the permanent austerity promised for the public sector is a policy also pursued by unelected business leaders in the private sector; 2. the power of banks and big businesses is guaranteed by the state through the privilege of limited liability – without any responsibility to represent citizens in corporate governance; 3. an investment strike is ongoing: big businesses are hoarding cash because they are run to maximise profits for shareholders – it is not profitable enough to increase investment to deal with pressing problems such as climate change and the need to decarbonise energy generation. Conference believes: 1. austerity is a class project – not just a damaging economic policy – designed to enforce the privilege of a powerful minority at the expense of the majority of working people and our environment; 2. the corporate power of big business cannot be made accountable to the public under a capitalist economy; Conference resolves: 1. to campaign for economic democracy; 2. to express solidarity with existing forms of economic democracy, including trade unions, cooperatives and credit unions; 3. to demand that capitalist enterprises open the books and have their state subsidies (including limited liability) ended, with those firms unable to survive on this basis being expropriated without compensation.
Posted on: Wed, 12 Mar 2014 10:23:15 +0000
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