“Reserve Bank of India (RBI) Governor Raghuram Rajan has asked central banks from across the world to define “new rules of the game” as he warned that the global economy may be slipping into problems similar to the Great Depression of the 1930s” (TOI)
So, the capitalist system is going to face another depression like 1930, according to RBI Governor Raghuram Rajan. This is serious. The working class was the biggest sufferers of the 1930 depression. Even the pay scales of the Central government employees in India were curtailed and reduced. Of course, they fought back to the extend possible at that time.
Anyway, the workers do not want another repression.