Bailout of Silicon Valley Bank and the Historic Crisis of Capitalism - 14 March 2023

Bailout of Silicon Valley Bank and the Historic Crisis of Capitalism (9:58 min) Audio Mp3 https://xenagoguevicene.files.wordpress.com/2023/03/2023-03-14svb6.mp3

The commitment by the Biden administration to do “whatever is needed” to protect the money and wealth of financial investors, speculators and the wealthy has again laid bare the real nature of capitalist governments as the executive committee for managing the affairs of the ruling financial oligarchy.

There is no money for the vital health, education and other social needs of the working class now being battered by the worst inflation in more than four decades, but billions, trillions, can be found overnight to defend the wealth of the financial oligarchy.

At the same time, no expense is being spared in the development of the means necessary for the prosecution of war—the US-NATO war in Ukraine, the goal of which is the breakup and dismemberment of Russia and the war drive against China, which the US regards as its chief global rival. (cont. https://archive.ph/fvPkv )