SACP EASTERN CAPE PEC PRESS STATEMENT
The South African Communist Party (SACP) in the Eastern Cape Province held a successful ordinary Provincial Executive Committee (PEC) meeting over the past weekend 31st March - 1st April 2012 and considered a range of issues at the international, national and the provincial level extensively applying Marxist Leninism that remain valid and its teachings confirmed by the structural crisis of capitalism today.
The PEC was graced by the presence of Central Committee members, comrades Charles Sestubi and Mandla Makupula. The CC input served as a preliminary induction to ground members of the PEC to key principles for all authentic communist revolutionaries whose main objective is of service to humanity with great loyalty and trust to our people over the power of money.
The crisis of capitalism is structural
The PEC asserted its firm belief that the capitalist crisis underway in the world today has began to move away from that which has been cyclic, of booms and bursts of parts of the capitalist system but has affected the entirety of the structure of capitalism itself. This is because the two sharply contrasting types of crisis is that the periodic or conjuntural crisis unfold and are more or less successfully resolved within the established framework, whereas the fundamental crisis affects that framework itself in its entirety.
The meeting added that it was out of realising this reality that 25 of the 27 countries of the Euro Zone have established a "permanent bailout fund" admitting to the permanence of the crisis. Capitalism cannot find solution from its framework any longer, they throw Dollars and Euros but the crisis persist, they are implementing severe cuts on social spending but the crisis persists, they are announcing labour reforms but the crisis persists, they sponsor regime change in many parts of the world but the crisis further deepens!