MADRID, March 23 — Students in Spain have been protesting the Bolonia plan to privatize public universities. Last week, the Barcelona cops viciously attacked students supporting the occupation of fellow students at the university there. The local “socialist” authorities fully supported the cops’ attack.

Yesterday immigrant workers marched in Madrid and other cities against the subprime fraud. Spain, like Britain, the U.S. and Ireland, were among the hardest-hit by the subprime collapse since their economies relied increasingly on speculation by bankers and real estate swindlers. The marchers complained about the lack of help they’re getting over what they call “real estate fraud and garbage mortgages.”

The marches were organized by the National Platform of Those Affected by Mortgages and by the National Coordination of Educadoreans in Spain. The said they were sold overvalued homes and apartments and were charged four times as much as other customers. Again, racism is part and parcel of capitalism worldwide.

The marchers demanded a moratorium on their mortgage payments and other changes. But these workers shouldn’t expect much from capitalism in such deep crisis. Indeed the best lesson they can learn from this disaster is that a system which can’t satisfy the housing needs of millions worldwide must be destroyed.