Economic debate at LRC Conference 2008

At the LRC Conference two weeks ago, there was a decent debate on the economic crisis and what the left should do about it.

The three platform speeches from the session on the economic crisis are now uploaded (see panel on the left) - and I've embedded John McDonnell's speech below, but you can also watch the speeches of Icelandic MP Ogmundur Jonassen (leader of the VG Party), and Jeremy Dear (NUJ General Secretary).



The conference also passed three resolutions relating to the economic crisis.

LEAP Summit: Who Pays for the Credit Crunch?

'Who Pays for the Credit Crunch?'

Monday 13th October 08
7.30pm
Committee Room 10, House of Commons

Chair: John McDonnell MP

Speakers include: Brian Caton (POA), Jeremy Dear (NUJ), Kelvin Hopkins MP, Mark Serwotka (PCS), Prem Sikka (Prof. of Accountancy, University of Essex), Graham Turner (author of 'The Credit Crunch') plus others


John McDonnell, LEAP Chair, said

"My view is clear – the key question is who should pay for this crisis? Pouring taxpayers money into bailing out the banks by recapitalisation without nationalisation will mean that ordinary taxpayers pay for the crisis caused by the mistakes and greed of the bankers. Nationalisation to control the banks, prevent repossessions and halt company closures is the only way to provide the security needed."

See A People's Programme for the Crisis by LEAP - and have your say.