Credit Industry is now so badly off, and so conditioned to recession, that it has given up hunting for easy credit from the banks.
In short, as the Financial Times commented, we are witnessing postwar event: postwar recession. After two years of 'waiting for the upturn' there is now a By raising interest rates through the roof, HONCLASSI produced a flood of 'hot' into the banks.
Banking profits soared: the already grossly inflated banking sector recorded profit increases of seventy, , eighty, a hundred percent a year.
But these profits come from? Banks 82 latest worried the people will see the PRI bending its knee before the while on their doorsteps the peoples of Central America are struggling arms in hand against the same oppressor. Action If the Mexican working class - now over half the population decide to break with their capitalisi mentors this could lead to a mighty revolutionary ex. plosion whose effects would be telt from fornia to New York City.
In July's election million votes were cast for slate headed the Revolutionary Workers Party (PRT), Mexican section of the Fourth If this growing demand for class independence expresses itself in action, the bankers will have cause to tremble.