Francoise Hollande, the first Socialist to be elected president of France in decades, has defeated Sarkozy. Does this mean that the working class has won state power and that private ownership over the means of production is now being socialized as an aggressive state apparatus attacks and disciplines the national bourgeoisie while simultaneously removing French Imperialist forces from Africa? Nope. The capitalists will never surrender state power. The major European capitalists will wring their hands a little bit and discuss the fact that the austerity is necessary while preaching impending economic doom.
Hollande critiqued Sarkozy on mismanaging the crisis. He is looking forward to “fixing” the capitalist economy mired in a crisis of over-production and drowning in fictitious capital. The Eurozone is like the Titanic hitting the iceberg of capitalist economic production. As it sinks like that luxury ship, the only main difference is that it should change its name to “The Ponzi Scheme”.
The elections in Europe, like all elections under capitalism, will not fundamentally alter the systemic oppression of the working class. What these elections do is cast a light upon the fact that the political system of the Eurozone is having a difficult time democratically installing the austerity programs that the world’s capitalists need in order to protect their profits.
Only a Communist revolution that transforms the actual economic foundation that the whole economy is based upon can stop the austerity programs by eliminating the need for profit and basing production on need. The working class will never be able to vote in a Communist economic system. The bosses won’t allow it. They control state power and will never surrender it peacefully. Hollande, like Zapatero in Spain before him, will loyally serve his capitalist masters while misleading the working class. The question isn’t “Will Hollande sell out” so much as “how will Hollande be able to get the working class to sell out”.