By Prof. Jose Maria Sison
International League of Peoples’ Struggle
27 October 2011

The G20 summit is to be held in Cannes, France on November 3 and 4. Assisted by their finance ministers and heads of central banks, the heads of governments of the world’s twenty largest economies are supposed to confront once more the global economic and financial crisis and seek solutions.

As in previous summits, they will fail to solve the crisis, bound as they are by the laws of motion of capitalism and imperialism and by the neoliberal dogma. They are driven by the profit-making interest of the monopoly bourgeoisie and financial oligarchy and continue to pass the burden of the crisis to the broad masses of the people.

Public funds in trillions have been used to bail out the big banks and corporations from the crisis of their own making and to wage wars of aggression to please the military-industrial complex. They have brought about spikes and plunges in the financial markets but have not stimulated civil production and employment. As a result, public deficits and public debts have mounted. And now the public debt bubble is bursting in a number of the G20 member-countries, especially the US and certain EU countries.

Solving the crisis of overproduction and the extreme abuse of finance capital is beyond the purview of the G20 summiteers, especially because of their neoliberal blinders. They are now most concerned with the problem of debt defaults plaguing major capitalist countries, including the U.S. and those in the European Union, and still many others.

Apparently their main objective is to contain the threats of default by further pushing austerity measures at the expense of the people. These measures, which include tax hikes for the people and tax cuts for the corporations and the wealthy, pressing down of wages, cutting back on pensions and social benefits, reducing social services and public sector employment and rising fees for social services, can only aggravate the economic and financial crisis.

We anticipate the G20 summit to come out with further plans to skirt the fundamental problems of capitalism and imperialism, to further exploit the people under the auspices of the IMF, World Bank and the WTO and thus to aggravate the crisis. The imperialist powers will impose themselves on the rest of the summitteers and defeat or coopt any contrary view from the BRICS (Brazil, Russia, India, China and South Africa).

The G20 summit is held at a time that the dominant imperialist powers are gloating over

their success at conquering Libya and taking over its oil resources with the use of barbaric air attacks in combination with their Libyan puppets and rabble brigades directed by NATO special forces. They are expected to dance over the graves of close to a hundred thousand Libyan people massacred by NATO bombs and puppet butchers under the pretext of humanitarian intervention and protecting civilians.

They are poised to claim the mass uprisings in the Middle East and North Africa.as the victory of their brand of democracy as well as the invincibility of capitalism. They will once more go through the ritual of shedding crocodile tears over Africa and all the impoverished and underdeveloped countries of the world now further brought down by global depression.

The US and other imperialist powers are carried away by their wanton use of financial means and hightech weapons of mass destruction to destroy the lives, homes and social infrastructure of peoples with impunity. They are oblivious of the fact that the world capitalist system is practically falling apart because of its grave crisis, bankruptcies, state terrorism and wars of aggression as well as the rising wave of people’s resistance driven by the needs and aspirations for national and social liberation.

We, the International League of Peoples’ Struggle, call on our member-organizations, all allied forces and the broad masses of the people to take up all the urgent issues against imperialism and reaction, further strengthen themselves organizationally, occupy the public squares and the major streets and undertake all other forms and means of mass mobilization. We must intensify resistance and build the movement for national liberation, democracy and socialism. ###