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Thursday, March 01, 2007

INEQUALITY

The inequalities of modern capitalism are well summed up by the following news item.

"With annual economic growth averaging more than 8 per cent since 2003, India is already one of the biggest emerging markets for luxury goods like clothing, cars and cosmetics. Although about 250 million Indians earn less than a dollar a day, the country is now home to at least 27 dollar billionaires and an estimated 83,000 millionaires." (Times, 26 February)

Karl Marx once explained this process as the primitive accumulation of capital in a little known volume called Capital. Every worker should read it; it explains our position of wage slavery beautifully. R.D.

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