Skip to main content

As Boris Johnson unleashes ultimate threat against Bremain capitalist faction, the British working class is suddenly in front of a unique opportunity

globinfo freexchange

In the merciless endo-capitalist war around Brexit, Boris Johnson decided to unleash the ultimate threat against Bremain capitalist faction. That is, a snap election with the 'danger' of a Labour victory under Jeremy Corbyn, which would be neoliberal capitalists' worst nightmare.

As already pointed out, despite the capitalist civil war, both major factions of the British capital remain deeply neoliberal in their ideological core. And therefore, both factions see a potential Labour government under Jeremy Corbyn, as a major threat.

Indeed, as ZeroHedge reported: 

As Prime Minister Boris Johnson faces the prospect of his rule being cut short, wealthy Britons have a message for Johnson's most likely successor: A 'no deal' Brexit makes no difference to them. But if Labour leader Jeremy Corbyn becomes PM, they will flee in droves, taking their money with them. 

[...]

The chairman of one Swiss asset manager who helps wealthy Britons shield their money in tax havens warned that if Johnson is defeated in a snap election, and Corbyn becomes the next PM, it could trigger a wave of capital outflows as the wealthy scramble to move their assets (and themselves) out of the country.

"It’s clear there would be a major outflow of high net-worth individuals and families if a Corbyn government was to come to power," said Chris Kalin, group chairman of Zurich-based Henley & Partners Group. "This is the big fear, not Brexit or even a no-deal Brexit. That doesn’t make any difference to our clients."

[...]

To help restore the country's property market, Labour has called for higher taxes on unoccupied homes, which are typically owned by the wealthy. It's also planning to reform inheritance tax laws by adding a tax on real estate owned by foreigners, which would hit billionaires particularly hard, Bloomberg reports.

Labour has also promised to undo some of the privatization wave enacted by Prime Minister Margaret Thatcher. Energy, water and rail services would be among the first industries to be re-nationalized. The Royal Mail would also be re-nationalized under Corbyn's plan.

[...]

The risks of an exodus by wealthy Britons became a focus last year when Jim Ratcliffe, founder of global chemicals manufacturer Ineos AG and (at the time) the UK's richest person, decided to move to Monaco along with two other billionaire Ineos directors, to avoid higher taxes. And if Johnson's gambit fails and he's forced to turn over the reins to Corbyn, many more will likely follow in Ratcliffe's footsteps.



Pro-Brexit capitalists are willing to risk wildly as they know that a potential Brexit with Jeremy Corbyn in power would become Bremainers' worst nightmare. Bremain capitalists will only then hope to make Corbyn capitulate and force him reverse Brexit. A very long shot, very hard to achieve.

Of course, the stakes are higher than just a few billionaires pulling their money out of the UK. The globalized capitalist faction in Brussels and London fears that a Corbyn government - free from the EU neoliberal scrutiny - could become the blueprint for the rise of other Leftist forces in the United States with Bernie Sanders, or in other European countries.

The neoliberal priesthood already paid heavily the hubris against Greece. And one of the devastating consequences was the vote in favor of Brexit in the British referendum.

So, inside all this mess, the British working class is suddenly in front of a unique opportunity. After decades of neoliberal domination in favor of the capitalist plutocratic class, it will be able to take the power through Jeremy Corbyn.

Comments

Popular posts from this blog

Iran & Yemen’s Maritime Trap: How They Control Global Trade

BreakThrough News Saudi Arabia has $142 billion in American weapons. Yemen is the poorest country in the Arab world. So why can't Riyadh win? Last month, Ansar Allah seized Mokha and Perim Island, and with them the Bab el-Mandeb Strait, cutting off Saudi Arabia's alternative oil route around the closed Strait of Hormuz. Mohammed bin Salman begged Trump for US airstrikes, then backed "Dawn of Yemen," a 100-warplane offensive aimed at Sanaa, as crude oil again tops $100 a barrel. Veteran war correspondent and analyst Elijah Magnier joins Rania Khalek and Zoe Alexandra on the Red Sea front, as nearly 1,000 Yemenis have been killed and 184,000 displaced since fighting resumed. But Magnier argues Ansar Allah – often referred to in US media as the Houthis – hasn't lost much ground. He explains why Saudi warplanes are largely powerless in Yemen's mountainous terrain, and why he sees the movement advancing on Taiz and Marib. And Magnier breaks down how Hormuz and Bab ...

Trump & AI Companies Blatantly Meddled in Brazil’s Election to Help the Fascist

The Humanist Report Fascist Flavio Bolsonaro, the son of disgraced insurrectionist ex-president Jair Bolsonaro, came out ahead of leftist President Lula da Silva in Brazil’s election by 2-points. Both candidates will face off in a runoff election in three weeks. Flavio Bolsonaro prevailed, in part, because he enticed Trump to get involved by promising to give American corporations access to Brazil’s natural resources. In other words, Flavio Bolsonaro is willing to sell out his own country for power. Big tech companies also got involved and waged a disinformation campaign to help Bolsonaro. In this video we’ll talk about how Trump and AI companies blatantly meddled with Brazil’s election and talk about why the far right did so well more broadly speaking.

Yemen VAPORIZES Saudi ARAMCO HQ & Obliterates Every Saudi Airport

Jackson Hinkle Official Saudi Arabia's Civil Aviation Authority now confirms that 12 people were killed and 309 injured in Yemen's strike on King Khalid International Airport. Then the strikes kept coming: Terminal 4 in Riyadh, two hits on Dammam's King Fahd airport in 24 hours, Abha, and reports of eight Saudi airports closing. Saudi Airlines is now racing to move billions of dollars' worth of planes out of harm's way, the Misk Global Forum has been cancelled, and the EU–GCC summit has been postponed. After Saudi Arabia struck Yemeni oil fields, Ansarallah issued evacuation warnings for Aramco's Dhahran headquarters, its main Riyadh refinery and King Khalid airport, and footage then showed the Aramco HQ on fire. Now Riyadh is asking for talks in Oman, Trump says nothing happens until after the midterms, and Hinkle shares what the Yemeni delegation went through to reach Iran for the funeral of Sayyed Ali Khamenei.

Iran Has DESTROYED US Bases in the Gulf

The Chris Hedges YouTube Channel

EU Is Finished & China Can Now Pull the Plug on the U.S. Economy

Glenn Diesen Yanis Varoufakis is an economist, the former Finance Minister of Greece, and the author of numerous bestselling books. Varoufakis discusses how the EU is a cartel designed by the U.S. that is no longer fit for purpose. The German economic locomotive has broken down; the EU no longer has an economic model, its foreign policy is consumed by war, and it has already become a technological colony. Varoufakis also argues that China can now pull the plug on the U.S. economy if it chooses to do so.

Julian Assange Is Back — Here's What That Means

Glenn Greenwald

LEAKED CIA Assessment: Israel On Brink Of CIVIL WAR

Breaking Points Emily and Saagar discuss a CIA assessment saying Israel is at risk of civil war.

Iran Backs Yemen's MASSIVE Attack, Missiles SLAM Saudi & US Navy

Danny Haiphong Prof. Seyed Mohammad Marandi discusses Iran's major support for Yemen's ongoing offensive against US-Saudi forces and the game changing shift in the war.

Stephen Hawking confirms: The problem is Capitalism, not robots!

globinfo freexchange According to world famous physicist Stephen Hawking, the rising use of automated machines may mean the end of human rights – not just jobs. But he’s not talking about robots with artificial intelligence taking over the world, he’s talking about the current capitalist political system and its major players. On Reddit, Hawking said that the economic gap between the rich and the poor will continue to grow as more jobs are automated by machines, and the owners of said machines hoard them to create more wealth for themselves. The insatiable thirst for capitalist accumulation bestowed upon humans by years of lies and terrible economic policy has affected technology in such a way that one of its major goals has become to replace human jobs. If we do not take this warning seriously, we may face unfathomable corporate domination. If we let the same people who buy and sell our political system and resources maintain control of automated technology, the...

PROOF Israelis Are SPYING On Us

Revolutionary Change Peter Hager goes over the breaking news that Israel has been spying on us, using spyware and tech through ads and other means to monitor Americans without their knowledge.