Libor scandal exposes banks' rigging of global rates

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Image uploaded from a quicklink Rotting in its own criminality, the capitalist financial system produces ever more powerful arguments for its expropriation and reconstitution under public ownership and democratic control. The fate of humanity, the rational and progressive allocation of resources to benefit the world's inhabitants and prevent a further descent into social devastation, requires the expropriation of the banks by the working class and their transformation into public utilities democratically controlled and run in the interests of social need, not private profit.

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