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In the immediate period, millions in the, in leisure and tourism, in retail and services, and in aviation are being laid off without pay or fired outright. But the entire edifice of global finance is crumbling and we could easily see a generalised across the entire system. Talk of the irrationality of capitalism is being posted everywhere. Extensive industrial collapse could create millions of unemployed. A banking collapse would impoverish millions more at a stroke. This is what the government's authoritarian new bill is preparing for — a repetition in Britain and on a global scale of the kind of economic and that happened in Argentina in 2001–2, when most working-class and middle-class people lost all their savings and millions lost their jobs. Mass social and political anger could shake the system to its foundations, and those in power are preparing for emergency measures against radical "" — left-wing activists, trade unionists, social activists — liable to lead mass resistance. This, it seems, could take the form of mass detention without trial. (en) |
