Just to fill in those revolutionaries who have been living under a rock for the last year, there is currently an historic housing crisis in the USA (increasingly worldwide), as the subprime mortgage market has tanked following record defaults. We should care because most of these early defaulters, and we're talking millions of people, are poor, working class, and middle class families that have been fortunate (or unfortunate) enough to have the opportunity to buy into the "American Dream" by owning their own home, only to have them repossessed after they fail to make the exorbitant interest payments that kick in after a few years.

Spend a few moments reading THIS BLOG and you'll see the crisis as its unfolding.

Any revolutionary program that doesn't take these conditions into account is missing an important fact.