POVERTY AND CREDIT CARDS

One of the jibes often thrown at socialists is that the concept of world socialism is an idea that has been outgrown by the 21st Century. We are constantly being told that we live in a new modern society where far from suffering the poverty of the 19th century members of the working class now have bank accounts, credit cards and mortgages. This rosey portrayal is hardly backed up by recent figures released by the charity Shelter. "Nearly one in ten of those in private rented accommodation used their credit card to cover the housing bill in the year August 2010, while about 8 per cent of mortgage borrowers did the same, the housing charity said. In many cases, residents struggling to make ends meet have withdrawn cash from their card to pay housing costs, pushing them deeper into debt." (Times, 6 January) Charity claim that two million now use their cards to pay their housing costs. This is hardly the new poverty-free society that its supporters claim. RD