By the Partido Lakas ng Masa’s (Party of the Labouring Masses, Philippines) international affairs department
[The following educational report is being discussed in PLM branches across the Philippines.]
January 5, 2012 – Links International Journal of Socialist Renewal – In 2011 we experienced revolutionary upheavals and mass upsurges that have further deepened the crisis of global capitalism. The impact has been the deepening of the political crisis of the international capitalist system and the weakening of its ideological hold and legitimacy. The inequalities of the “American Dream”, for instance, are now almost household knowledge: that the top 1% get more than 20% of the national income. Perhaps the most telling figure is that one-tenth of the top 1% – around 400 families – earn as much as the bottom 120 million people.