reiterates that the current global recession is a systemic crisis of capitalism demonstrating its historic limits and the need for its revolutionary overthrow. It demonstrates the sharpening of the main contradiction of capitalism between its social nature of production and individual capitalist appropriation. The political representatives of Capital try to conceal this unresolvable contradiction between capital and labour that lies at the heart of the crisis. This crisis intensifies rivalries between imperialist powers who along with the international institutions-the IMF World Bank WTO and others- are implementing their 'solutions' which essentially aim to intensify capitalist exploitation. Military and political 'solutions' are aggressively pursued globally by imperialism. The NATO is promoting a new aggressive strategy. The political systems are becoming more reactionary curtailing democratic and civil liberties, trade union rights etc. This crisis is further deepening the structural corruption under capitalism which is being institutionalised.

reaffirms that the current crisis, probably the most acute and all encompassing since the Great Depression of 1929, has left no field untouched. Hundreds of thousands of factories are closed. Agrarian and rural economies are under distress intensifying misery and poverty of millions of cultivators and farm workers globally. Millions of people are left jobless and homeless. Unemployment is growing to unprecedented levels and is officially expected to breach the 50 million mark. Inequalities are increasing across the globe – the rich are getting richer and the poor, poorer. More than one billion people, that is one-sixth of humanity go hungry. Youth, women and immigrants are the first victims.

realises that this crisis is no aberration based on the greed of a few or lack of effective regulatory mechanisms. Profit maximisation, the raison d' etre of capitalism, has sharply widened economic inequalities both between countries and within countries in these decades of 'globalisation'. The natural consequence was a decline in the purchasing power of the vast majority of world population. The present crisis is thus a systemic crisis. This once again vindicates the Marxist analysis that the capitalist system is inherently crisis ridden. Capital, in its quest for profits, traverses boundaries and tramples upon anything and everything. In the process it intensifies exploitation of the working class and other strata of working people, imposing greater hardships. Capitalism in fact requires to maintain a reserve army of labour. The liberation from such capitalist barbarity can come only with the establishment of the real alternative, socialism. This requires the strengthening of anti-imperialist and anti-monopoly struggles. Our struggle for an alternative is thus a struggle against the capitalist system. Our struggle for an alternative is for a system where there is no exploitation of people by people and nation by nation. It is a struggle for another world, a just world, a socialist world.

conscious of the fact that the dominant imperialist powers would seek their way out of the crisis by putting greater burdens on the working people, by seeking to penetrate and dominate the markets of countries with medium and lower level of capitalist development, commonly called developing countries. This they are trying to achieve firstly, through the WTO Doha round of trade talks, which reflect the unequal economic agreements at the expense of the peoples of these countries particularly with reference to agricultural standards and Non Agricultural Market Access (NAMA).

notes that the only way out of this capitalist crisis for the working class and the common people is to intensify struggles against the rule of capital. It is the experience of the working class that when it mobilises its strength and resists these attempts it can be successful in protecting its rights. Industry sit-ins, factory occupations and such militant working class actions have forced the ruling classes to consider the demands of the workers. Latin America, the current theatre of popular mobilisations and working class actions, has shown how rights can be protected and won through struggle. In these times of crisis, once again the working class is seething with discontent. Many countries have witnessed and are witnessing huge working class actions, demanding amelioration. These working class actions need to be further strengthened by mobilising the vast mass of suffering people, not just for immediate alleviation but for a long-term solution to their plight.

resolves that under these conditions, the communist and workers parties shall actively work to rally and mobilise the widest possible sections of the popular forces in the struggle for full time stable employment, exclusively public and free for all health, education and social welfare, against gender inequality and racism, and for the protection of the rights of all sections of the working people including the youth, women, migrant workers and those from ethnic and national minorities.

calls upon the communist and workers parties to undertake this task in their respective countries and launch broad struggles for the rights of the people and against the capitalist system. Though the capitalist system is inherently crisis ridden, it does not collapse automatically. The absence of a communist-led counterattack, engenders the danger of rise of reactionary forces. The ruling classes launch an all out attack to prevent the growth of the communists and the workers' parties to protect their status quo. Social democracy continues to spread illusions about the real character of capitalism, advancing slogans such as 'humanisation of capitalism', 'regulation', 'global governance' etc. These in fact support the strategy of capital by denying class struggle and buttressing the pursuit of anti-popular policies. No amount of reform can eliminate exploitation under capitalism. Capitalism has to be overthrown. This requires the intensification of ideological and political working class led popular struggles. All sorts of theories like 'there is no alternative' to imperialist globalisation are propagated. Countering them, our response is 'socialism is the alternative'.