London: Lending support to the anti-capitalist
protesters camping at the St Paul`s cathedral here, CPI (M)
leader Sitaram Yechury said the protests were an expression of
anger and must push governments towards spending scarce
resources on welfare rather than on bailing out corporations.
"On behalf of all the working people of India, I bring you
our solidarity," Yechury told the protesters who have been
camping outside the St Paul`s Cathedral in support of the
Occupy Wall Street movement against corporate greed.
Expressing his disgust at the "culture of obscene
bonuses," Yechury said the movement has to win or the humanity
"will face grave danger".
"In India, we are also involved in similar type of
protests. We want the government to spend scarce resources on
creating jobs, spend money on people`s welfare," the
parliamentarian said addressing the protesters here.
He said the popular protests that had been witnessed in
many parts of the world were an expression of anger and
disgust globally against the predatory pursuit of profit at
the expense of the livelihood of billions world over.
These protests, he said, "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 people," he said.
Yechury altered his schedule yesterday to join the Indian
Workers` Association, Great Britain, to express solidarity
with the protesters.
Yechury said "we assure you that we will be able to force
the government. We are also against the culture of obscene
bonuses. We will win, we have to win, otherwise humanity will
face grave danger".
The protests are an expression against financial and
social inequalities in the global economy.
The `movement`, first reported in May, with the occupation
of the main square in Madrid, Spain, has spread to the
financial districts of New York and London.
Due to lack of space near the Stock Exchange in London the
protesters have camped outside St Paul`s Cathedral, preventing
the Cathedral from opening for the first time since the Second
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 oppose the exploitation of working people
having to pay for the failures of the capitalist system,"
The Indian Workers` Association, Great Britain, in a
statement endorsed the sentiments expressed by the protesters
around the world.
"The IWA puts forward an alternative to the waste of
resources in bailing out failed financial institutions and
instead seeks investment in social and economic
infrastructure, creating employment and growth to revive the
economy," Association President Dyal Bagri said.