A BRIGHT FUTURE?

One of the defenses of capitalism that we often hear is - "Ah, you are talking about the old days. Wake up, things are gradually getting better". This is a widely held illusion, but now even the official spokesmen of the owning class have to confess such a claim is nonsense. "The average income for middle-earning families will have fallen by 7% by the end of the next financial year compared with 2009-10. It will be the biggest drop for such families since the 1970s, said the Institute for Fiscal Studies. In ten years time one in four children will live below the poverty line." (Sunday Times, 16 October) The truth is that capitalism is not gradually getting better, in fact more and more workers are living in worse and worse poverty. RD