The horrors being inflicted upon workers, young people, the unemployed, the poor, pensioners and ordinary people the world over by the economic crisis is a complete indictment of capitalism. Mass unemployment and the destruction of living standards are its central tenets. This capitalist system, based on production for profit – on greed rather than need – means in this era; austerity. It means bankers and speculators, the ‘vampire squids’, wreaking havoc over our lives. The Socialist Party stands for the socialist alternative to the dictatorship of the markets – namely real democracy whereby ordinary people take centre stage in running society, with democratic public ownership of banks, of key sectors of the economy and industry, and a democratic plan of the economy to provide for the needs of people. Recent events in Egypt, in Turkey, in Greece and in Brazil illustrate that mass movements and even revolution are on the agenda in the 21st century.