Seize the loot from the predators!
“Companies are sitting on huge cash reserves”, reports a writer in the Financial Times (3 October). “In the US, for example, companies had $1,200bn (€880bn) stashed away in cash and short-term liquid investments at the end of last year”. The banks, bailed out by governments in 2008, are sitting on even huger cash piles. Central banks anxiously stuff more and more cash into the commercial banks, hoping that this will ease up credit and stop a new sharp economic downturn. And yet global capitalism is on the brink of a new crash, and set for a long period of economic depression and high...