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The CPP on the Current Financial Crisis

Friday, October 17, 2008
NPA does collective farming

The New People's Army, the armed wing of the CPP, helps peasants to farm their land.

The Communist Party of the Philippines, which has been fighting a very long and bloody civil war in the Philippines since the early 1970s (first against the dictator Marcos and now against the U.S. backed elitist president Arroyo), released a press release yesterday on the current global finnancial situation:

The world capitalist system is undergoing a deepening recession that can only result in the massive destruction of productive forces and further concentration of capital in the hands of a few. This global economic malaise is now causing production slowdowns, massive job losses, worsening impoverishment and intensified exploitation and oppression of the proletariat and ordinary people in the capitalist centers, with even worse consequences for peoples in the Third World.

The current crisis besetting the global capitalist system reaffirms the correctness of the Marxist-Leninist critique of the moribund capitalist system and the need to overthrow it through revolutionary struggle and supplant it with a socialist order.

In the midst of the worsening crisis of the present system, the New People’s Army (NPA) will further intensify revolutionary armed struggle, launch more tactical offensives against the fascist armed forces, deal heavy blows on the US-Arroyo regime for its pro-imperialist, anti-democratic and antipeople policies and punish it for inflicting great harm and misery upon the people.

Here is the latest issue (in Pilipino) of Ang Bayan, the newspaper of the CPP.

People celebrating the anniversary of NPA in a liberated zone in the Philippines

People celebrating the anniversary of NPA in a liberated zone in the Philippines

[Hat Tip: Comrade Zero]


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