People's Democracy

Yechury Expresses Solidarity with

Protesters at St Paul’s Cathedral

SITARAM Yechury, CPI(M) Polit Bureau member and  MP, expressed solidarity with protesters outside St Paul’s Cathedral.  He joined the Indian Workers’ Association GB, in expressing solidarity and support to the protesters camped outside St Paul’s Cathedral. The protests are part of the Occupy Wall Street movement against financial and social inequalities in the global economy and for a ‘better future’ that have mushroomed in financial capitals around the word.

Due to the lack of space near the Stock Exchange in London, the protesters are camped outside St Paul’s Cathedral. The growth in the number of protesters at the camp has prevented St Paul’s from opening for the first time since the Second World War.

The aim of the protesters is to highlight growing concerns at the solutions being offered by the G20 and governments of the European Union to tackle sovereign deficits. The protesters quite rightly oppose the exploitation of working people to pay for the failures of the capitalist system.

The IWA supported the stated aim of the movement to create ‘a better future, free from austerity, growing inequality, unemployment, tax injustice and political elite who ignore its citizens’.

In expressing solidarity outside St Paul’s, Yechury said “On behalf of all the working people of India I bring you our solidarity. These popular protests expressing anger and disgust globally against the predatory pursuit of profit at the expense of the livelihood of billions world over must force the governments to abandon the current course of bailing out financial corporations, who in the first place generated the present crisis, instead use the same amount of resources for building the much needed social and economic infrastructure. This would lead to the generation of employment and consequent growth of domestic demand stimulating manufacturing and hence set in motion a path of sustained economic growth without burdening either the exchequer or the people.”