Print this article   Email this to a friend


We are all indignados

18 October 2011

A feeling of unrest is sweeping the world. In recent days and weeks we have seen thousands of citizens from all walks of life gather in cities around the world to peacefully express their demands for fundamental change. This growing movement by indignados, outraged citizens protesting, has been characterised by the diversity of those taking to the streets to march, protest and occupy. The demonstrations have spread to the major financial centres, from the Occupy Wall Street movement in New York to protests in the City of London and at the European Central Bank in Frankfurt. Thousands have marched in the streets of Santiago, Tokyo and Cairo. These people, behind different causes and demands, are united not by political ideology or allegiance, but have come together to express their anger and frustration at existing economic and political realities which have failed them and their fellow citizens.

Of all the causes advocated by this movement, the one which has most resonated has been the rejection of the current speculatory nature of global financial capitalism, responsible for creating the bubble which burst in 2008, leaving the global economy in chaos and taxpayers to bear the cost. It is unacceptable that those banks which made huge profits from the indebtedness of states and individuals were then able to socialise their losses as we saw in the huge bail-outs of 2008-9, without severe constraints and regulation in the aftermath. To see a return to risk-taking, speculation and profiteering within such a short space of time is an affront to those suffering the policies of austerity felt in the real economy, who are rightly directing their anger at those who became extremely wealthy promoting complex financial schemes. Whilst delivering no tangible benefit to anyone outside of the economic bubble, this behaviour directly precipitated the global financial crisis and its destructive impact on the lives of hundreds of millions around the world, resulting in an ever growing disparity in income and wealth in those economies.

As bankers continue to benefit from state funds and tax loopholes, the effects of cuts are felt, with rises in unemployment, declining salaries and worsening of working conditions. The values and principles of the global social-democratic movement are aligned with those myriad individuals uniting to decry this injustice, and the Socialist International stands today on the side of those who through these demonstrations seek a fair financial system, and will ensure that their demands are heard. It is equally crucial not to allow conservatives and those with an interest in maintaining the status quo to misrepresent their initiatives by spreading fear of anarchy and chaos, but to recognise the common goals with those protesting for which the progressive movement has always stood: more and better jobs, the respect of people before capital, free healthcare and education.

It is now three years since the outbreak of the global financial crisis, during which time the Socialist International has placed much-needed change in world finances at the heart of its agenda. The work of different bodies of our International on these matters in the intervening period has addressed the imbalances and injustices that exist in the current system, and proposed credible, authoritative and realisable responses that address today’s economic order in a socially responsible manner. In line with these long-held positions, the International stands today in solidarity with those participating in a movement inspired by an honest desire to make a difference. After years during which the supposed virtues of an individualist society have been trumpeted by many, it is refreshing to witness on a daily basis the rebirth of the selfless ideals of cooperation and common humanity shown by these activists.

The Socialist International reiterates its call for world leaders to show due consideration for the interests of the majority in taking unified action to counter what is more than ever a global crisis, something that has been lacking to date following the disappointing outcomes of successive G20 summits. A coordinated show of multilateralism by governments to recognise that a more just and prosperous future lies in tackling the short-termism of those driven by personal interest and profit to move to a more durable vision of a global economy which rewards responsibility and not risk would be a step in the right direction. In order to do this, action is needed to implement initiatives such as the global tax on financial transactions for which the SI has been calling for a number of years and which would raise revenue whilst reducing the profitability of the most risky, socially useless transactions.

Further damaging is the powerful role now played by ratings agencies, at a moment when many governments are struggling with the consequences of crippling sovereign debt. For elected administrations to be destabilised by unaccountable bodies is a threat to the very principles of democracy, and the influence of these agencies must diminish.

Our global movement has consistently prioritised a recovery based on sustainable growth in the real economy, and not another speculative bubble liable to burst at any moment. With more and better global governance, reform of markets and institutions and fairer distribution of resources, we can redesign a financial system aligned to the benefit of the many rather than the few, providing greater security, stability and social justice. The challenge is to transform the urgency, determination and resolve of the street into concrete political action. To fulfil this challenge must be the task of our International today.






Woodman Casting x Fake Taxi Fakeagent girls do porn Public agent daily free porn

Socialist International

Report to the XXV SI Congress


Press coverage


SI in the News








in MemOriaM


Etienne Tshisekedi
1932 - 2017



Mário Soares
1924 - 2017

in memoriam

Charif Fayyad
Former Secretary General of the PSP, Lebanon
1937 - 2016


Member parties in government

List of SI member parties in government 


in MeMoriAM


Shimon Peres

1923 - 2016

Finances of the InternationAl

Budget and accounts


Michael Rocard

1930 - 2016

Member Party Congresses

in memorIam



in memORIAM


Mohamed Abdelaziz 
1947 - 2016

in memoRiam




2 April 2017

The Gambia
6 April 2017

9 April 2017

23 April 2017

11 June 2017


World Refugee Day


Report of the Secretary General

Resolutions and Decisions of the XXIV Congress



In support of democracy in Uganda

22 FEBRUARY 2016

In recent years the people of Africa have continued advancing and moving forward democratic governance in an important number of countries of the region. Today, more and more people in that continent enjoy freedoms and rights, a precondition for progress, development and peace. Members of the Socialist International in a good number of countries in Africa have been protagonists and actors of an era of change that has been bringing new opportunities and a new face to the political life of the continent. Nevertheless, authoritarianism, oppression and other evils of the past still linger in the political life of some of the countries in the region...


SI condemns terrorist attack in Ouagadougou

16 JANUARY 2016

The Socialist International vigorously condemns the terrorist attack carried out last night in Ouagadougou, Burkina Faso, which has left 28 people dead from many different countries, responsibility for which has been claimed by Al-Qaeda in the Islamic Maghreb. Our thoughts are with the family and friends of the victims. 126 hostages were rescued by security forces following an operation to reclaim the hotel where the attack happened, during which a number of terrorists were killed. The Socialist International expresses its wholehearted solidarity with newly elected President Roch Marc Kaboré who assumed office at the end of December...


SI solidarity with Mali and President Keita following terrorist attack in Bamako

20 NOVEMBER 2015

The Socialist International is deeply saddened by the barbarous terrorist attack in Bamako early this morning, which has resulted in the death of numerous civilians in a hotel in the capital. Our heartfelt thoughts and condolences are with all those who are suffering and grieving as a result of this cowardly act of terror against innocent people with no chance to defend themselves. This attack is also an attack against democracy and against the efforts of the government and people of Mali to move the country forward. President Ibrahim Boubacar Keita is a leader that has made us all proud in our International, for his statesmanship, courage and commitment to securing a way forward for peace, democracy and economic progress for all the peoples of Mali...


Socialist International congratulates San Suu Kyi and NLD on historic election results

13 NOVEMBER 2015

The Socialist International warmly congratulates Aung San Suu Kyi and the National League for Democracy, NLD, on their historic victory following general elections held in Myanmar on 8 November. The results of these elections, in which close to 30 million people were eligible to vote, already show that with 80% of the contested seats now declared, the NLD have more than the two thirds needed to choose the President and put an end to more than 50 years of military rule. These elections, despite the role and influence of the military, has been seen as the first openly contested poll in Myanmar in twenty five years, when the NLD won by a large majority in national elections in 1990 but Aung San Suu Kyi was prevented from taking office by the military and spent several long periods under house arrest, which only ended in 2010....


Socialist International condemns terrorist attacks in Paris

14 NOVEMBER 2015

The Socialist International is deeply shocked and saddened by the horrific multiple terrorist attacks carried out last night in Paris by ISIS, which have left 129 dead and many injured. We send our heartfelt condolences to the families and friends of the victims, our sympathy to all those who endured this heinous crime, and our solidarity with the entire French nation as it comes to terms with these events. The Socialist International underscores its firm support for and solidarity with President Hollande and his government as he firmly and decisively acts to confront this concerted scourge of terror that has hit France, and takes the necessary measures to protect its citizens...