Unite to Resist the Manmohan Regime that Preside over the Historic Collapse of the Rupee The utter collapse of the rupee slumping past the 68 per dollar mark today, hitting a record low of 68.70, reportedly as a backlash of the passage of the food security bill on August 27 is the result of a sudden outflow of speculative hot money by the so called FIIs prompted by American credit rating agencies like Standard and Poor’s, etc., and imperialist centres with the connivance of the comprador Indian ruling classes. By its complete surrender of the reigns of the economy to foreign financial speculators through a decade of unhindered integration of the country with global speculative capital, the Manmohan government has led the country to this crisis of irreversible proportions. Today by this historic collapse of the rupee, finance capitalists and imperialist currency speculators have unleashed a financial terrorism on the Indian people of hitherto unknown levels. In this context the Central Committee of CPI (ML) calls upon the workers, peasants, youth, students and all toiling masses and all democratic and patriotic sections to come to the streets challenging the Manmohan government and the comprador sections who are once again exposed as traitors to this country by unleashing this heinous attack on the country and its people. The CC appeals to all patriotic and democratic forces to come forward forging the broadest possible unity to form a people’s alternative against the neoliberal regime propped up by the ruling classes of all hues. K N Ramachandran General Secretary, CPI (ML) cpiml.in/home/index.php?option=com_content&view=article&id=960:unite-to-resist-the-manmohan-regime-that-preside-over-the-historic-collapse-of-the-rupee&catid=12&Itemid=109
Posted on: Wed, 28 Aug 2013 12:06:41 +0000
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