All predictions point to how the current crisis will hit Britain much harder than Brown and Darling care to admit. Understandably, working people are angry at the loss of security, livelihoods and, for some, even their homes. Beyond doubt, however, is the fact that this cost will rise even further in the years to come as the state tries to force us to pay for the billions it has borrowed and is still doling out to the rich and powerful.
In what will amount to a gigantic wealth transfer, the state bails out the bosses with one hand, while with the other it calculates how best it might claw this back in the future. One thing is certain; no government, whether Tory or Labour, will inflict undue pain on the so called “wealth producers”, the capitalist class. So the tax rises, cats in wages, attacks on services and benefits and the rest will fall disproportionately on us, the working class.