Countries, businesses, and households across the world are drowning in debt. As interest rates rise, the danger of default looms. To avoid a catastrophe, calls for debt cancellation are not enough. Instead, we must fight for revolution.
We have received the following resolution by the Organisation of Communist Internationalists, written earlier today, after Wagner PMC Chief Yevgeny Prigozhin declared a rebellion, and moved columns of troops in the direction of Moscow. The situation has now somewhat receded: Wagner troops halted their advance and it has been announced that Prigozhin will enter exile, following hasty negotiations. As the comrades write, this episode was a struggle between two sections of the Russian oligarchy. Yet again, the oligarchs have proven that they have no interests in developing Russian society or in improving the conditions of the Russian masses. Their sole concern is to maintain themselves by leeching on the labour of the workers and poor, by robbing and plundering and by repressing any real opposition from the masses. The only way out of this impasse, the only way to raise the workers from their dire conditions, the only way to fight war, corruption and general decay, is for the working class to take power into their own hands, to expropriate all of the oligarchs, and to use the country’s vast wealth for the benefit of all. That is, by way of a socialist revolution.