Communist parties from 50 nations to discuss global financial crisis

New Delhi, Nov 19: As the world awaits full recovery from the financial crisis, Communist parties from nearly 50 countries will assemble here for a three-day international meet to come up with their solution to the problem.

The 11th meeting of the Communist and Workers’ Parties will be held on “The international capitalist crisis, the workers’ and peoples’ struggles, the alternatives and the role of the communist and working class movement.” “A communist analysis of the global capitalist crisis and recession and how it should be resolved … the way we think this crisis should be resolved is not the way the capitalist will resolve …” CPI(M) MP and Polit Bureau member Sitaram Yechury said at a joint conference with leaders of the CPI, co-hosts of the event.

Mr. Yechury said the Communists’ approach was dictated by people before profits unlike the capitalists who put profits before people. He cited the case of J.P. Morgan and Chase, which had now booked multi-million dollars profit. The conference would also discuss the force of communist and working class struggle and how to intervene in the current scenario and adopt a Delhi Declaration.

CPI MP and national secretary D. Raja said that after the collapse of the Soviet Union, critics wrote off the communist movement and that had proved to be wrong.

CPI(M) Central Committee member Nilotpal Basu and CPI secretary Pallab Sen Gupta were present.

Tracing the history of the meeting, Mr. Yechury said that since the demise of the then Soviet Russia and Eastern European socialist countries, effort was on to analyse the reason behind the development.

Communist and workers’ parties formed a working group and met annually since 1998, with Athens hosting seven successive meetings.

Overall, 87 participants from 55 parties and 50 countries will attend the meeting, including China, Russia, Brazil, Britain, Cuba, Iran, Vietnam, Greece, Canada, the U.S. and Australia. From among the neighbouring countries, the delegates will be from Pakistan, Nepal, Sri Lanka.

Asked about the absence of the Communist Party of Nepal (Maoist), Mr. Yechury said the invitation was based on a process that started with the party expressing interest in being part of the meeting. The CPN (Maoist) had not sought to be associated with the meeting.

–Agencies