"Admissions that the Fed had underestimated the extent of the downturn,
was not clear on why its policies had not worked and essentially did not
have a clue on the currency movement, would in themselves have been a
clear enough indication of the atmosphere of fear and bewilderment
surrounding financial authorities."
As with the war in Afghanistan the information provided by the
bourgeoisie concerning economics have to be evaluated with caution. The
problem is that even then it is difficult to make a more objective
evaluation as to economic slumps and their specifics. This is because
there is an ideological, propagandistic and even deliberately deceptive
character to the facts, figures and estimate provide by the capitalist
state and its agencies. The economic information provided by the
bourgeois state and its associate economic agencies tightly control the
information made public. Even then it is often coded. The extent of
economic upturns and downturns can be deliberately exaggerated to serve
the economic and even political interests of capitalism. By exaggerating
the extent of an economic downturn the climate can be created to justify
decreases in state social spending, increases in military spending,
restrictions in industrial relations and cut back in wages. Consequently
it is necessary that communists acquire the resources to obtain
information rather than exist in a relationship of total dependence to
the bourgeoisie for it. Clearly there is a limit as to the information
that can be accessed independently of the capitalist state and class.
Since the bourgeoisie own society it is correspondingly the source and
controller of information. Consequently it exercises strict control over
the information made public together with the way it is made public. The
working class must make a campaign to force information from the
bourgeoisie part of the class struggle. This means fighting for calls
for workers' control over information and the way it is made public.
Many elements within the non-communist left tend to unquestioningly
accept the statistics and many other facts (factoids) provided by the
bourgeois state and its related agencies. Again this is just one more
indication of the bourgeois character of this reformist left.
Perhaps the occurrence and reaction to the attack on the WTC is a
response to the degree to which economic conditions have deteriorated.
The CIA is the only institution that has the real intelligence
concerning these and other matters.
Karl Carlile
Be free to visit the web site of the Communist Global Group at
http://homepage.eircom.net/~beprepared/
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