Tuesday, May 29, 2007

Wealth Gap Widens

A previous blog revealed that under Tony Blair the gap between the richest and the poorest had widened . The Scotsman confirms that indeed this is the case .

The think-tank , Compass , has issued a report that finds that people living in the affluent London borough of Kensington and Chelsea now live, on average, 10.9 years longer than people from Glasgow. That inequalities in mortality rates for children born to working-class mothers compared with middle-class ones have also grown since 1998.

The publication said the share of national wealth owned by the richest 1 per cent in Britain had risen from 17 per cent in 1991 to 24 per cent in 2002, while the share of the country's riches held by the bottom 50 per cent of people had dropped from 8 percent to 6 per cent. It warned that massive house-price rises and huge pay hikes for executives in industry and commerce were fuelling the growing gap between rich and poor.

"The super-rich have, during Tony Blair's premiership, been accumulating wealth at close to four times the rate of the ordinary person." says the report

The poor , more probably than not , disillusioned by all the previous broken promises of the politicians are now deserting the democratic process. The difference between voter turnout between the highest and lowest social classes had reached 17 per cent - the gap in voting habits was "probably wider than at any point since the abolition of property requirements" in the early part of the 20th century .
Rather than political apathy , the Socialist Party entreats the working class to acknowledge the class war , to intensify the class struggle , but also to finally transcend Capitalism itself by building Socialism .

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