DEBT LADEN IN BIRMINGHAM

Any student of the Industrial Revolution will tell you of the important part played in its development by the city of Birmingham. It was one of the foremost cities in the new industrial society and a leading light in the  creation of undreamt wealth for the capitalist class. The picture for the working class is very different as depicted by a newspaper today in its description of a tower block in that city and its residents. "Residents of Tower House report that: 36% per cent are in debt - 47% of whom have cut back on basics such as food and heating; 15% have turned to pawnbrokers; 8% have borrowed from moneylenders." (Observer, 6 October) The immense wealth created by the working class has certainly not been enjoyed by the working class of that tower block in Birmingham nor its equivalent throughout capitalism worldwide. RD