THE ADVANCE OF POVERTY

Every day we can read about the expansion of capitalism and how new industrial and commercial giants are arising to challenge the supremacy of the USA. Two of the leading candidates in this struggle are China and India. We are constantly hearing about the modernisation of these countries and the supposed benefits of the expansion of capital. We don't hear so much about the plight of the working class there though. The following news item about India illustrates that the supposed benefits of capitalist modernisation are not so wonderful after all. "India has 100 million more people living in poverty, official figures show, 37.2 per cent of the population compared with 27.5 per cent in 2004, with 410 million people below the UN poverty line of $1.25 a day." (Times, 19 March) Surviving on a pound a day while the owning class of that country now boast of the richest men in the world, that's capitalism for you! RD