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Capitalism is bankrupt资本主义是破产

Friday, October 31st, 2008 星期五,二零零八年十月三十一日

Their system creates recession, hunger and climate chaos, but they want you to pay他们的系统造成的衰退,饥饿和气候混乱,但他们要你支付

Until A few weeks ago, supporters of free market capitalism were confident enough to proclaim that their system was the only way that the world could be organised.在此之前几个星期前,支持者的自由市场资本主义有足够的信心宣布,他们的制度是唯一出路,世界可能是有组织的。 Now their certainties have vanished.现在他们确定性已经消失。

The economic crisis that started in banking and finance has spread quickly to the wider economy.经济危机开始的银行业和金融业已经迅速蔓延到更广泛的经济。 Now it threatens to engulf whole countries, bringing untold misery to millions.现在,它威胁要吞没整个国家,巨大的痛苦使数以百万计。

Belarus, Hungary, Iceland, Pakistan and Ukraine all stand on the brink of bankruptcy.白俄罗斯,匈牙利,冰岛,巴基斯坦和乌克兰都站在破产的边缘。 Beyond them are even bigger countries – including Poland, Russia, Argentina and Turkey – whose economies are in danger of collapse.除了他们更大的国家-包括波兰,俄罗斯,阿根廷和土耳其-的经济有可能崩溃。

As their currencies slide and exports falter, all of these countries have been forced to borrow heavily just to ensure that they can pay their bills.作为其货币下滑和出口动摇,所有这些国家不得不借巨资,确保他们能够支付其费用。

Some have so little in their foreign exchange reserves that they will only last a matter of weeks without an injection of cash.有些人如此之少的外汇储备,他们将只持续数周没有注入现金。 They have been forced to beg the International Monetary Fund (IMF) for emergency loans.他们不得不乞求国际货币基金组织( IMF )的紧急贷款。

But the IMF – an organisation dominated by the rich countries of the West – will only extend its help at a price.但IMF -一个组织主要由丰富的西方国家-只会延长其帮助的代价。

During past crises, it has demanded swingeing cuts in government budgets, privatisation of industries and the liberalisation of markets.在过去的危机,它已要求大幅削减政府预算,私有化,工业和开放市场。 Struggling nations are now preparing themselves for the worst.苦苦挣扎的国家现在正在准备自己最坏的打算。

In Pakistan, where already millions cannot afford food or the fuel to cook it with, the government has announced the ending of fuel subsidies and the removal of a cap on gas and electricity prices.在巴基斯坦,在那里已经数以百万计付不起食物或燃料做饭用,政府已经宣布终止燃油补贴和取消限制天然气和电力价格。 This is to be accompanied by big cuts in government spending.这是辅之以大幅削减政府开支。

In Hungary, the government has suggested a massive assault on its state pension and the slashing of pay as part of the bailout of the economy.在匈牙利,政府已提出了大规模进攻其国家养老金和削减工资的一部分,拯救经济。

If the past is anything to go by, the IMF will endorse these measures but demand much more for its money.如果过去有什么去了,国际货币基金组织将批准这些措施,但需求更为其钱。

The economic shockwave that is spreading across the world is not confining itself to poorer economies.经济冲击是遍及世界并不局限于贫穷的经济体。 Already the Bank of England estimates the cost of the financial crash at $2.8 trillion – a sum so big that it defies comprehention.已经英格兰银行估计的费用在财务崩溃二万八点零零亿美元-一笔这么大,它无视c omprehention。

And despite the billions spent on bank bailouts, scores of British firms announced major redundancies this week.尽管花费数十亿银行金援,几十英国公司宣布大裁员这个星期。

We are told that these shutdowns are inevitable and that it is pointless to resist.我们被告知,这些停产是必然的,这是毫无意义的抵抗。 There is simply a lack of a demand for the goods that are produced, it is said.还有就是缺乏需求的商品生产,这是说。

But while goods pile up unsold and workers are laid off, millions of people go without the things they need because they can’t afford to buy them.但是,在货物未售出的堆积和工人下岗,数百万人去下他们需要的东西,因为他们买不起他们。

And the skills and machinery in each closing factory could offer solutions to some of the greatest problems facing humanity.知识和技能,并在每一个机械工厂关闭可以提供解决方案,一些最伟大的人类所面临的问题。 For example, engineers who once made cars could be employed to make generators for alternative sources of energy.例如,工程师们谁曾汽车可以采用,使发电机的替代能源。

We have the resources to build a better world.我们有充足的资源,以建立一个更美好的世界。 So far, the stranglehold of capitalism has been a barrier.到目前为止,扼杀资本主义已成为障碍。 Now it is up to us all to ensure that its hold is broken.现在应该是我们所有,以确保其持有被打破了。

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