Year 2000 No. 100, June 27, 2000

The Aim of Stabilising WDIE

Workers' Daily Internet Edition : Article Index :

The Aim of Stabilising WDIE

Tony Blair’s Speech to the "Global Borrowers and Investors Forum Conference":
A Call to the Financiers that Britain Is their Best Champion

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The Aim of Stabilising WDIE

The aim of the stabilisation of Workers’ Daily Internet Edition, as a regular five-day a week internet publication with regular features is to contribute to building a consistent force which is capable of finding its bearings in the class struggles that are breaking out, so that the working class can take advantage of the space that is available for change as the capitalist crisis develops.

WDIE is directed to all activists and thinking people, and in particular is an instrument for strengthening the communist party around its study and dissemination, and raising the level of political culture. It aims to provide also a focal point for all Party organisations, and particularly groups of writers’ and disseminators, an instrument in their hands to plant their flags and take their stands on the vital questions which concern society and the rights of human beings and their collectives.

The first one hundred issues of WDIE have in our opinion shown that there exists an objective need for this type of publication. Being available daily on the internet so that all interested forces can access it, download it, disseminate it and above all study and discuss it is an integral part of its character. In particular it provides a vehicle by which the activists and those forces giving serious thought to opening the door to a socialist Britain can be pro-active and raise their political and organisational level.

We invite all interested to contribute to the discussion on the further strengthening of WDIE around the conception that the Party’s newspaper is the most precious weapon in its historic mission of creating the subjective conditions for revolution and fighting for the victory of the pro-social programme and the transformation of society to socialism.

Article Index

Tony Blair’s Speech to the "Global Borrowers and Investors Forum Conference":

A Call to the Financiers that Britain Is their Best Champion

Tony Blair’s speech was titled "Britain: the Best Place for Inward Investment". It was both a call to the financiers that Britain could offer them the best return on their investment, as well as a declaration by Tony Blair as to how he is taking Britain further down the dangerous and reactionary road of once more making Britain great by making it number one in the global marketplace.

At the centre of the speech was the claim that "Britain can become the European hub of the emerging global economy. In Europe, a bridge to America, attracting investment from both and from around the world. In effect, Europe’s corporate headquarters." This is one of the clearest statements, made to the corporate investors, of Tony Blair’s vision, if it can be called a vision, of the future for Britain and its place in the world, that Britain is prepared to put all its resources to provide the corporate investors with the maximum return on their capital.

The stunning thing about this programme is that it is also presented as the salvation for Britain. At a time when devastation is being caused to the people’s livelihoods when transnational monopolies such as BMW and Ford, and before them Siemens, Fujitsu and a host of others, pull out from their "inward investment" according to the dictates of the global economy, Tony Blair is crystallising inward investment as the strategy that is "best for Britain".

This global economy is not an economy in the sense that it forms a coherent whole or is being developed with some aim. It is shorthand for the demand of the corporate investors that states subordinate everything to the imperative of these international finance capitalists, their economies, their legislation, their material and human resources. The facts show that this is not only increasing the gulf between rich and poor nationally, but also internationally.

Even Tony Blair opened his speech with a passage to indicate that he has a conscience. He said, "Global finance and technology transform not just our economies but our social fabric. Living standards, certainly in the richer nations, may rise. But so does insecurity. The old, familiar certainties – jobs for life, stable communities, settled family ties – are gone or under pressure." In other words, the headlong rush to embrace globalisation is intensifying the crisis, and attacking the social fabric. Governments are responding by increasing the anti-social offensive. This is all presented as inevitable, and in the course of this inevitable change "the role of modern governments and politics" is transformed. But this transformation, according to Tony Blair, is to "move with the grain of change". In other words, "If we live in a global economy, get as much of it as you can." The speech then sets out Britain’s pitch for getting as much of the global economy as it can.

In particular, Tony Blair re-emphasises the "vision" that Britain should be Europe’s corporate headquarters, the "leading destination for inward investment, the best place to do business in Europe". This is mixed in with the chauvinism that "there is nowhere better on earth to work, to live, to do business".

In the world situation where capitalism is incapable of uninterrupted extended reproduction, where the monopoly capitalists are faced with the number one problem of how to counter the falling rate of profit and of the necessity to accumulate and concentrate capital on a massive scale in order to do so, and where their whole effort is directed into achieving the maximum capitalist profit, the begging of Tony Blair to these corporate investors comes across as most pathetic.

It raises the issue for the working class, not to rid itself of Tony Blair, but to assert and fight for a programme to change the whole direction of the economy. This issue is not one of redressing the balance between capitalists and workers, between the haves and have-nots. It is one of beginning to fundamentally change the internal basis of the economy. "Inward investment" is not investment in the sense of putting funds and resources into the economy. A harmonious national economy serving the people’s needs does not even figure in this picture. The working class must assert that they will take hold of what is theirs by right, as producers, and begin to transform the direction of the economy, in unity with the workers of all lands fighting for the same aim.

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