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Capitalism isn't in crisis; capitalism IS crisis!

IMC-UK Features | 12.10.2008 19:47 | Globalisation | London

As financial markets continue to slump around the world, several hundred people gathered in the City of London on Friday 10th to voice their anger over the British governments plan to commit over 50 billion GBP of public funds to shore up 'confidence' in British markets.

Following a series of calls [1 | 2] that had been circulated in different websites and forums, angry students and activists meet in the late afternoon outside Bank tube station at the heart of the City of London. The demonstrators soon moved on to the prestige shopping centre (The Royal Exchange) which they attempted to storm, and then moved towards the Bank of England but were quickly repulsed by police. They then went on a tour of nearby streets, often pushing through police lines that seemed to be quite unprepared for the unfolding protest. Eventually there was a sit-down as the protesters reached Bishopsgate, and finally a short rally with speeches on the corner of London Wall and Bishopsgate, after which the demonstrators slowly dispersed. At the same time, a group of clowns also toured The City with placards such as "There's no business like no business".

Newswire Reports: City of London clashes, Pictures | Anti-Capitalist Demonstration at Bank | Stopping the city | Video

A similar demonstration has now been called in Edinburgh on the 24th of October.

Rally at the end of the protest
Rally at the end of the protest

Reports Elsewhere: 1 | 2 | 3 | 4

Read SchNEWS take on the current 'crisis' situation End of the World is Nigh, and Corporate Watch analysis Bush:"This sucker could go down." If only!

IMC-UK Features


Display the following 8 comments

  1. ffs — ffs
  2. Were you even there? — ACAB
  3. don't need to spell things out ... — maqui
  4. Truthful facts. — Jake
  5. Clap a Banker or should that be fuck one 5th Novemebr London. —
  6. Timing is everything — Ilyan
  7. thats it? — anon
  8. well done — terry