Capitalism Goes to Ruin Due to Its Crisis: Rodong Sinmu

  Pyongyang, February 7 (KCNA) -- The imperialists are now going to ruin due to a serious financial crisis, Rodong Sinmun Thursday in a bylined article says.
    It goes on:
    There has never been such financial crisis that plunged the Western world into horror and greatly threatened the capitalist system since the 1929-1933 serious economic crises.
    The U.S. and other Western countries have made desperate efforts to overcome the financial crisis but they can never bring capitalist socio-political and economic contradictions and crises based on monopoly and colonial domination under control no matter what line they choose.
    As financial oligarchy is enforced in the U.S. and other Western countries, all domestic and foreign policies are shaped to meet the interests of a small number of big financial capitalists and they fully serve the purpose of satisfying them.
    The capitalists are rushing headlong into aggression and war with state power involved in order to weather the worsening politico-economic crises and gratify their ever-increasing greed.
    The financial deficit is going up to the maximum in the capitalist countries because of a stupendous amount of state funds spent for wars and deployment of aggression forces in the occupied areas, development of WMDs, etc. National bonds are issued at random to make up for financial deficits, etc., increasing state debts to an uncontrollable phase.
    The U.S. together with Western countries is going on with military operations in Afghanistan and other Mideast countries. The funds they are spending still now are enormous. Consequently, the national debts and financial deficits will steadily increase and further deepen all sorts of politico-economic, social and class contradictions.
    What is clear is that there is no way out for the imperialist countries to get rid of their serious political and economic crises unless their capitalist system and hegemonic policy are brought to an end. -0-