Thursday, May 14, 2009
AN ARROGANT EX-WORKER
" Wealthy Celebes queued up this week to condemn the new 50% tax rate for high earners, warning that it could lead to an exodus of talent. Monday's Daily Mail quoted Sir Michael Caine saying that "if it goes to 51%, I will be back in America... We've got 3.5 million layabouts on benefits, and I'm 76, getting up at 6am to go to work to keep them." (Guardian, 2 May)
Excuse us Sir Michael (formerly known as Mr Michaelwaite) if we wish you bon voyage - preferably in a very leaky ocean liner. RD
Who Owns the North Pole Part 16
Wednesday, May 13, 2009
HOME, SWEET HOME?
Tuesday, May 12, 2009
NOT SO BOASTFUL NOW
"General Motors, North America’s biggest carmaker, reported a $6bn first-quarter net loss and an accelerating cash drain on Thursday, underlining the pressure it faces to gain concessions from stakeholders or face bankruptcy. The troubled automaker warned that prolonged uncertainty over its financial condition risks creating a vicious circle of shaky consumer confidence and falling production and sales." (Financial Times, 7 May)
It is no sense in a "told you so" mood that socialists note the boom and slump nature of capitalism has asserted itself once more. After all it is our fellow workers in the US and elsewhere who will have to bear the prospect of unemployment, re-possession and insecurity. What we ask the working class to do is to consider the socialist alternative to this mad market system. We asked you to do so during the boom we continue to ask you to do so during the slump. RD
Monday, May 11, 2009
CONTRASTING LIFE STYLES
The cry of starving orphans was drowned out by the "specific and evocative sound of champagne opening." Another tragic example of capitalism's priorities. RD
THEORY BECOMES PRACTICE
"Taxpayers were left with a bill of around £500,000 for wining and dining the G20 leaders, their spouses and aides, it was reported today. The cost of a series of dinners laid on for dignitaries ahead of the 2 April summit in London added up to more than £66,000, with VIP guests drinking 136 bottles of wine worth £6,000, according to figures obtained by the Independent under the Freedom of Information Act." (Guardian, 7 May) RD
Sunday, May 10, 2009
Food for Thought 3
- We have no money for hospitals that are cramped by artificial budgets that constantly mean lay-offs, even for nurses. We have no money for education – can’t keep the swimming pools open that have been built into practically every Toronto school. We have no money to eradicate poverty,homelessness etc., but at the G20 meeting in London, one trillion dollars was found to fund IMF loans to countries in trouble, which means they will be in even greater trouble should they accept the loans. Generally, forevery dollar that is loaned to developing countries, $7 comes back, whichis why they will always be ‘developing’.
- Auto workers continue to take criticism, even from other workers, as the cause of their own demise, even though they, like all workers, have absolutely no say in what is produced, or how much. Their hourly wages are continually quoted by the capitalist press including their benefit package, although this is never done in any other case. The facts, of course, that they earn an average of $34/hour, are ignored. Consider this,in 1992, GM produced 4.4 million cars with a workforce of just under 300000. In 2007, GM produced 4.5 million vehicles with approximately one third of that work force. That kind of productivity must have brought massive profits from the workers’ efforts that should have resulted in a very financially strong company.
What happened?
John Ayers
Friday, May 08, 2009
May Dayschool 2009
Saturday 9 May 1.00pm till 5.00pm
Banks:Who needs them?
Capitalism in Crisis:
1.00 - 2.15pm 2009: The Year of Economic Crisis.
Glasgow Branch.
This year has seen the collapse of banks, of building societies and the closure of factories and retail outlets. As millions of workers throughout the world face the re-possessions of their homes and the grow-ing fear of unemployment we ask why the economic bubble has burst. We look at the various "solutions" that are offered to alleviate the problems and analyse what can be learned from previous eco-nomic slumps. Previously abandoned by political econo-mists the old ideas of Keynes have made a startling come-back to the extent that many politicians are now espousing his ideas as a solution to the present economic woes. We look at the problem from a Marxist viewpoint and con-sider whether these ideas have value in today’s context.
2.15 - 3.30pm The Environment in Meltdown?
Glasgow Branch
How serious is the threat to the global environment? Is the melting of the polar ice pack a product of global warming caused by natural causes or the over production of carbon gases? Is the growing water shortage as serious as depicted and is there any possible solution? Is man-made pollution the cause of the threat to the world's oceans and the possible destruction of the marine food chain? All these inter-related pollution problems are examined from a socialist analysis and some of the proposed solutions are examined.
3.45 - 5pm Can Socialism Solve the problems?
Manchester Branch
Modern society has produced immense social problems. We have millions of people existing on less than a $1 a day in-side a system that could produce enough food, clothing and shelter to satisfy all human needs. We have magnificent ad-vances in human knowledge but seem incapable of solving problems like world hunger, poverty and war. Wealth today takes the form of commodities - articles produced for sale with a view to making a profit. The Socialist Party is unique in that its only aim is world socialism - a society where everything is produced solely to satisfy need not make a profit. How would this new society based on common ownership operate? Could it solve the problems of capitalism?
NUCLEAR NIGHTMARE
(Financial Times, 5 May) RD
CHARITY BEGINS AT HOME
Richard Laing, CDC's chief executive, saw his income rise to £970,000 in 2007
Thursday, May 07, 2009
WORDS OF WISDOM
THE FAILURE OF REFORMISM
"Millions of people have been condemned to live under "social apartheid" by 30 years of poor housing policies, a damning report on council estates will say this week. The 107-page report, to be published on Friday, condemns successive governments for pushing poorer people into what it condemns as "social concentration camps" set away from private housing, jobs and shops. Children born on such estates are more likely to end up unemployed, suffer mental health problems and die younger than their counterparts in private housing, says the study by the Fabian Society. ... According to the Fabians, children bought up in social housing now have far fewer life chances than half a century ago, because they are concentrated on increasingly ghettoised estates. Those born after 1970 in council homes are twice as likely to suffer from mental health problems than those born in 1946 in public housing, 11 times more likely to be unemployed and not in training or education, and nine times more likely to live in a household where nobody has a job." (Independent, 3 May)
It is somewhat ironic that this report has been prepared by the Fabian - an organisation whose very basis is one of a policy of reformism! RD
Wednesday, May 06, 2009
Food for Thought 2
The provincial government is long on talk, slow to act. The cabinet committee on poverty reduction was disbanded in December and its ‘commitments’ farmed out toother agencies, probably to be buried. As social assistance case loads spiked due to the recession, the Liberals began to back off and a split appeared between those who supported public hearings and those who didn’t want the public to hear more welfare recipients describing their lives.Goar writes, “There is a large gap between the government’s intentions and anti-poverty activists’ expectations.
Basically, nothing is happening,then.
- Pensioners, mainly auto workers, worried about their pensions, rallied at Queen’s Park recently to make a statement re pension guarantees that seem to be disappearing rapidly with the health of the auto companies. - Some employers are apparently taking advantage of the recession to fire pregnant women and disabled or injured workers on light duties. As the CBCradio parody went :
Boss: Come into the office for a conference.
Pregnant woman: Is there a problem?
Boss: We are terminating you.
Pregnant woman: You can’t do that, it’s against the law unless you are downsizing.
Boss: We’re downsizing now, starting with you!
- Reforms get us nowhere, like running on a treadmill. Time for theRevolution!
- Examples of how crapitalism functions
– 1. Bringing forward a malariaVaccine – for decades, malaria sufferers have been ignored and have died by the millions because the large pharmaceutical companies (just a few dominate the market) have ignored the problem because it’s not profitableto make drugs that poor people cannot afford to pay for. John Cohen, head biologist at Glaxo-Smith-Kline, is getting close, after 22 years of research (Toronto Star, 25/04/09). The question is, will it be availableto all sufferers, or just those who can pay? The article admits, “It also wasn’t a priority because a vaccine geared to Africa just isn’t amoney-maker for drug companies.” Could anything be more stupid?
2. A Toronto Star article (26/04/09) documents the demise of Toronto’s industrial area and lists the many factories that have closed there. A picture shows an older lady standing beside an electric stove, still operational and looking good, that she helped to build in the 1950s.Today, manufacturers give a one-year warranty and have a life expectancyof five to ten years. Two of the five new appliances I bought four years ago have broken down with major problems. The tendency to cheaper quality goods to enhance profits and damage the environment is plain for all to see.
3. The modern trend in almost every industrial sector, and, frighteningly, this includes prescription drugs, is to let the producer be the inspector of health and safety. A Toronto Star article (24/04/09)begins, “A senior federal veterinarian says Canada’s Food Safety Agency is compromising public health by putting slaughterhouse workers in charge of deciding when poultry is too diseased or contaminated for human consumption.” The proper veterinary training includes in-depth knowledgeof animal pharmacology, pathology, microbiology, virology and pathogeny.By contrast, meat plant workers assigned to reject potentially dangerous poultry are trained for four weeks, at most.
Works well for profit! Capital trumps common sense again!
John Ayers
Tuesday, May 05, 2009
SKIMMING MORE PROFIT
"Stocks of hundreds of medicines are running low as British pharmacies export UK supplies to profit from the weakness of the pound. Evidence has emerged that pharmacists are over-ordering drugs, a practice known as "skimming", with a view to selling the stock overseas and profiting from higher prices in foreign currencies. ...The wholesalers fear that the exports, which have led to temporary shortages, could potentially keep some patients from receiving the medicines they need in time and result in death." (Times, 4 May) RD
Monday, May 04, 2009
TROUBLE AHEAD?
(Yahoo News, 28 April) RD
TROUBLE DOWN UNDER
Sunday, May 03, 2009
Food for Thought
Saturday, May 02, 2009
May Day School
May Day School
Banks:Who needs them?
More info? Click image or here
Saturday 9 May 1.00pm till 5.00pm
Capitalism in Crisis:
1.00 - 2.15pm 2009: The Year of Economic Crisis.
Brian Gardner (Glasgow Branch)
2.15 - 3.30pm The Environment in Meltdown?
John Cumming (Glasgow Branch)
3.30 - 3.45pm Tea break
3.45 - 5pm Can Socialism Solve the problems?
Paul Bennett (Manchester Branch)
Community Central Hall 304 Maryhill Road Glasgow
Today Edinburgh tomorrow..
LABOUR IN ACTION
The World Bank recently estimated that 2.8 million children could die by 2015 if the global financial crisis is not checked. Commenting on this the Prime Minister Gordon Brown commented: "It is as if the entire population of Rome were to die in the next five years." (Times, 21 February) This from the leader of the Labour Party who vigorously defend the killer society that is the buying and selling of capitalism. Hypocrisy cannot go further surely when Gordon Brown suspends parliament debate because of the death of the child of one of his opponents in a vote catching move. He will not of course suspend the running of capitalism or its parliament about the possible death of 2.8 million kids.
Friday, May 01, 2009
A DANGEROUS SOCIETY
"Britain's nuclear submarine fleet has been hit by a series of serious safety breaches involving repeated leaks of radioactive waste, broken pipes and waste tanks at its home base on the Clyde, the Ministry of Defence has disclosed. In a confidential report released under the Freedom of Information Act, the MoD has admitted that safety failings at the UK's main nuclear submarine base at Faslane, near Glasgow, are a "recurring theme" and ingrained in the base's culture. The worst breaches include three leaks of radioactive coolant from nuclear submarines in 2004, 2007 and 2008 into the Firth of Clyde, while last year a radioactive waste plant manager was replaced. It emerged he had no qualifications in radioactive waste management."
(Guardian, 27 April) Truly, capitalism is a dangerous society. RD
Thursday, April 30, 2009
IT’S A MAN'S LIFE?
(Yahoo News, 23 April) RD
Wednesday, April 29, 2009
WHAT IS THE ANSWER?
"Every 17 seconds a child in the developing world dies from water-related diseases. In around the time it takes you to read the next paragraph, a child somewhere will die. ...In just two minutes, seven more children will have died. Please help now."
It is powerful stuff but of course it is pointless. Socialist for over a hundred years have pointed out that charity does not help the problems of capitalism - it keeps them going. If you really wish to help the underprivileged, poor, starving and thirsty children of this world you will organise for a new society that makes charity impossible. We call it socialism. RD
CAPITALISM IS A DISASTER
Tuesday, April 28, 2009
THE PRIORITIES OF CAPITALISM
A mosquito net over the door of 10 Downing Street, home of the British Prime
Minister to mark World Malaria day.
Every year billions of dollars are spent on the research and production of more and more powerful weapons. Inside capitalism it is essential to keep ahead of your trade rivals. Research into diseases or even the simple production of medicine or mosquito nets is of a very low priority compared to arms production. "Malaria is a preventable and curable disease, yet every 30 seconds, a child in sub-Saharan Africa dies from the disease, according to the World Health Organization. The Roll Back Malaria partnership has pledged money for nets, anti-malarial treatments and research for a vaccine. Last year on April 25, the World Malaria Day initiative was launched to raise awareness of the disease and efforts to control malaria around the world, as part of the Roll Back Malaria partnership -- a global group of non-governmental organizations (NGOs) and governments" (CNN.com/health, 24 April)
So a child dies every 30 seconds? So what? Capitalism needs weapons - that is the priority! RD
Monday, April 27, 2009
A GRATEFUL NATION?
(Times, 25 April) RD
CAPITALISM IS A KILLER
" Maybe its because I'm a Londoner, that I love London town". Behind that tipsy loyalty though lurks a sinister fact. "Pollution kills thousands of people every year in London, far more than previous estimates, an official report will warn this week. The capital's poor air quality leads to at least 2,905 premature deaths annually, and "probably many thousands", according to a study by members of the London Assembly's environment committee. Their findings far exceed the figure of about 1,000 fatalities, which until now has been accepted. People die earlier than they should because exposure to dangerously high levels of substances such as nitrogen dioxide, fine particulates and ground-level ozone leads to heart and lung diseases, and also affects those who are already ill with an unrelated condition, according to the report." (Observer, 26 April)
If this is the case in London think how much greater the problem must be in such cities as Peking and Calcutta. Truly capitalism is a killer society. RD
Sunday, April 26, 2009
HARD TIMES?
"Virgin boss Sir Richard Branson is reported to have lost 56% of his wealth, shedding £1.5bn and is now worth £1.2bn. Meanwhile, Formula 1 motor racing Chief Bernie Ecclestone lost £934m, leaving him at £1.46bn, the list reported. The richest British-born billionaire is the land and property owning Duke of Westminster, who has seen his wealth shrink to £6.5bn from £7bn. In fourth spot are Ernesto and Kirsty Bertarelli: the former Miss UK winner and her husband have a £5.6bn fortune based on pharmaceuticals. Their fortune has shrunk by a relatively modest 12% over the year. But it is not all gloom - the former boss of supermarket chain Morrison, Sir Ken Morrison, has seen his fortune increase by 11%, making him worth £1.6bn. The wealth of Peter and Denise Coates, owners of Stoke-based online sports betting website Bet365, has gone up by 33%, to £400m. And Harrods boss Mohammed al-Fayed has benefited from a cheap pound - his fortune stands at £650m, up 17% on last year." (BBC Times, 26 April) RD
Friday, April 24, 2009
ATOMIC DEVASTATION
"The nuclear test grounds in the wastes of the Gobi desert have fallen silent but veterans of those lonely places are speaking out for the first time about the terrible price exacted by China’s zealous pursuit of the atomic bomb. They talk of picking up radioactive debris with their bare hands, of sluicing down bombers that had flown through mushroom clouds, of soldiers dying before their time of strange and rare diseases, and children born with mysterious cancers. ...New research suggests the Chinese nuclear tests from 1964 to 1996 claimed more lives than those of any other nation. Professor Jun Takada, a Japanese physicist, has calculated that up to 1.48m people were exposed to fallout and 190,000 of them may have died from diseases linked to radiation." (Sunday Times, 19 April)
Even in so-called peace-time the competition between capitalist nation states can lead to death and disease. RD
Thursday, April 23, 2009
THOSE "EXPERTS" AGAIN
(Financial Times, 22 April) RD
MINK FOR THE MUTTS
Wednesday, April 22, 2009
HELLO, HELLO WHAT'S ALL THIS?
"In dealing with the subject, take care to leave no blood on the face, no wounds on the body, and no people in the vicinity,"
states the manual, entitled Practices of City Administration Enforcement. The book was reportedly designed as a training guide for the Chengguan, a type of police force that is charged with targeting anyone it feels is disrupting the peace, ridding China's cities of illegal street hawkers and unlicensed taxi cabs, and checking permits." (Daily Telegraph, 22 April)
Tuesday, April 21, 2009
UK POVERTY
"Elderly and vulnerable residents in almost half of Scotland's care homes are not receiving the palliative care, care to which they are entitled, according to a report. An investigation by the Care Commission found that 43 per cent of care homes did not realise that they should be providing palliative and end-of-life care. It also found that most care homes had failed to train staff to discuss death and dying with patients." (Times, 17 April) RD
Monday, April 20, 2009
WORLD POVERTY
"It's a tragic reality that one in five children born in the poorest countries won't live to see their 5th birthday. ...600 million children worldwide live on less that 70p a day - that's ten times the UK population. Working for more than 70 years and with over 100,000 child sponsors in the UK alone, Plan aims to help more children realise their full potential - and improve the lives of future generations."
Despite the sincerity and undoubted humanity of the Plan people the problem has got worse in the last 70 years. Workers contributing a pittance, to relieve the problem of world hunger are pointless. What we need is a transformation in the basis of society to one where all food, clothing and shelter are produced solely to satisfy human needs not to make a profit. RD
TOUGH AT THE TOP?
Sunday, April 19, 2009
MAD OR WHAT?
Saturday, April 18, 2009
DEBT AND DEATH
"The water level has gone down below 250 feet here. It used to be at 40 feet a few years ago," Shatrughan Sahu, a villager in one of the districts, told Down To Earth magazine "Most of the farmers here are indebted and only God can save the ones who do not have a bore well." ....Bharatendu Prakash, from the Organic Farming Association of India, told the Press Association: "Farmers' suicides are increasing due to a vicious circle created by money lenders. They lure farmers to take money but when the crops fail, they are left with no option other than death." (Independent, 15 April) RD
SKINT AGAIN
Friday, April 17, 2009
UNEXPECTED STRIKE SUPPORT
HYPOCRISY AND THE CHURCH
"There are an estimated 100,000 victims of sexual abuse by Catholic priests living in the US today. Having spent millions fighting their claims, the diocese has, since the films release in America, paid out some $60 million in reparations to 45 victims, leaving another 500 cases pending." (Times,15 April)
The suffering and trauma experienced by these children can only be imagined. Capitalism is a cruel and heartless system and the RC church is one of its most bestial pillars of support. RD
Thursday, April 16, 2009
LAND OF THE FREE?
Wednesday, April 15, 2009
NO PROFIT, NO PILL
“NHS "TREATMENT"
Tuesday, April 14, 2009
"DEMOCRACY" IN ACTION
SHIPWRECKED
Monday, April 13, 2009
NHS STARVATION
A FEARFUL FUTURE
Sunday, April 12, 2009
Who owns the North Pole - part 15
The First Battalion, The Royal New Brunswick Regiment is one of four reserve units from across the country designated to form the spine of a new Arctic force to be created over the next five years. Joining the 1RNBR will be the Voltigeurs de Quebec, Ontario's Grey and Simcoe Foresters, and Royal Winnipeg Rifles. To complement the creation of the unit, the military will continue with its plans to expand the Canadian Rangers, a group composed of First Nations and Inuit reservists. By 2012, those numbers are expected to reach 5,000 personnel. Should an incident occur in the Arctic, the soldiers would be available to respond.
Col. Greg MacCallum, commander of 37 Brigade Group , said the strategic significance of forming the new units is to exercise sovereignty and ownership of the Arctic.
"You do that, at least in part, by being able to project military forces into that region to show a presence and to show a capability and intent to exercise ownership of it."
Saturday, April 11, 2009
FRED AND FORLORN
Friday, April 10, 2009
TRUST ME, I'M A DOCTOR!
Carol Houlder, a substance abuse counselor, waited a year for surgery on her
injured ankle to be approved. “I was in so much pain and felt so hopeless for so
long,” she said.
Thursday, April 09, 2009
home sweet home , or is it ?
That is 20 a day.
The Council for Mortgage Lenders had already raised the forecast from 48,000 to 75,000 repossessions across the UK.
"I think if things continue to get worse in the wider economy, it's going to get an awful lot worse and I think that's a real problem. We have to remember, you have two hundred thousand people in Scotland on housing waiting lists already. If you have people coming out of their own homes, they'll have to join those lists which is going to put even greater demand on housing. If the number of repossessions rises to seven and a half thousand as may well be predicted or, or even greater, apart from just the individual what impact would this have on communities?" - Shelter Scotland chairman Graeme Brown said
Wednesday, April 08, 2009
Food for Thought 3
- In his Toronto Star article, “To Justify Degradation, Just Cite the Economy”, Peter Gorrie shows just how “green” governments are. The federal Conservatives have tied measures that gut environmental laws to the stimulus package that must be rushed through at all costs. New Liberal leader, Michael Ignatieff, who promised to scrutinize everything the Tories did in exchange for allowing the minority government to continue, has ordered a quick passage of the bill and no opposition from the Liberal-dominated senate. Changes that undermine the Navigable WatersProtection Act have been rushed through and, in the next step, environmental assessments for 90% of the “Building Canada” stimulus package have been eliminated. Gorrie writes, “ The general impression (of the stimulus projects) is of an incoherent mishmash aimed more at enhancing Conservative fundraising and election prospects than Canada’s economic and environmental health.”
Would we expect anything else from an institution that is there to serve the capitalist system.
John Ayers
Tuesday, April 07, 2009
MUSLIM HYPOCRISY
MORE "EXPERT" FAILURE
What? Downgrade the importance of economics, bailouts and bust banks just as they grip the world by the windpipe? Was there ever such a decision so out of time? Two comments. Whole sections of expertise didn't help readers to see what was coming. And since its come, there isn't the advertising left to make them fly away." (Observer, 5 April) RD
old and in the way
Michelle Mitchell from Age Concern and Help the Aged said: "Loneliness, depression, poverty and neglect blight the lives of millions of older people and for many, evidence shows the situation is getting worse, not better...."
Yet all the charities can do is make plaintive pleas to government for reforms . To be frank, campaigning charities like Age Concern and Help the Aged have got no chance at all of getting governments to change their practice of putting profits before people. And it is not because they believe merely in lobbying that dooms them to failure. As long as the capitalist system continues to exist, its economic laws will operate to put profits before people, and governments will have no choice but to dance to this tune.
Monday, April 06, 2009
RECESSION? WHAT RECESSION?
Food for Thought 2
“ The process (of scrutinizing the money) gives us the right to look at all of it to try to prove that Mrs. Madoff did not earn this money on her own”.
Now, let’s see, @ minimum wage, $10/hour, that would take her…500 years! Either she’s a very old lady, or she must have earned more than the minimum wage!
- In the recession news, the unemployed number in the US has officially hit 12.5 million and construction has soared, of tents, that is. A recent picture in the Toronto Star showed people and tents beside a railway line. A locomotive is passing close behind them with a fluttering American flag and the Union Pacific flag painted on the side and the words, “Building America” beside them. Ironic indeed!
- In Ontario, it’s up and down for the 1.3 million poor, as usual. On the good side, the minimum wage increases 75 cents per hour to $9.50, and the child tax credit doubled to $92 per child per month. The bad news is that on that basis you would still be well below the poverty line and the premier is hinting that next year’s planned increase in the minimum wage may have to be shelved until the economy improves, by which time any gains would be more than wiped out by inflation. Back to the old treadmill!
- And the ridiculous? The Ontario Energy Board has put aside money to be more flexible with those who can’t pay bills, i.e. not to charge interest on unpaid bills, and to help those people to become more energy efficient and have lower bills in the future. Only problem is the poor don’t own their houses and the landlords are not interested in refits because they don’t pay the utilities.
John Ayers
Sunday, April 05, 2009
ALIENATION WRIT LARGE
Malnutrition in the UK ?
Children are being deprived of dietary staples and instead are being raised on cheap packaged food high in fat, salt and sugar. The Grocer magazine shows food prices rising by almost a fifth over the past year, with basic essentials such as rice and milk among the worst hit.
Friday, April 03, 2009
Food for Thought
- The City of Gold, Dubai, is cancelling 1 500 work visas per day, and 53% of current construction projects, worth $582 billion are on hold.
- Warren Buffet had to make do with just $175 000 in pay for 2008, the same as the year before. He also lost $25 billion in net worth as it plunged from $62 billion to just $37 billion. How do they get by!
- Banks can recoup some of their losses through the usual immigrant practice of sending money home, by charging foreign exchange and service fees for the transfer, which amount to $2 billion per year.
- The AIG bonuses of $220 million for running their company into the ground are well publicized, but Canada’s Nortel beats that story. After laying off 1100 employees, they sought, and got, bankruptcy protection so they didn’t have to pay them severance packages, but just a couple of weeks later, they awarded themselves $45 million in bonuses, 8 senior executives taking home $7.3 million collectively. Not bad for failing, wonder what they would have got for succeeding!
- Manulife’s retiring CEO pulled in $13.25 million for 2008 (down From $17 million in 2007) and $12.6 million for 2009 even though he will retire in May
John Ayers
Thursday, April 02, 2009
A GRATEFUL GOVERNMENT?
A HOUSING BARGAIN
Wednesday, April 01, 2009
A BRAZILIAN NUT
Tuesday, March 31, 2009
THE RETREAT OF RELIGION
The writer of that article stated, "I'm fascinated by the intersection between religion and technology, as are some well-known science fiction writers. For example, if a machine can say a prayer for you, why not have a fully robotic pope and clergy?" The choir boys would certainly be safer! RD
Monday, March 30, 2009
THE MUSIC JUNGLE
"The music industry is a bloody nightmare. The egos, the slightly criminal elements, the betrayers, the ones who want to screw you." (Observer, 29 March) RD
A DEPRESSING SOCIETY
Sunday, March 29, 2009
COCAINE AND CAPITALISM
(Times, 25 March) RD
Saturday, March 28, 2009
The Recession - it is a death sentence
“We estimate that about 130 million people were pushed into poverty from the food crisis and if you add the financial crisis on top of that we are estimating that about 53 million more people could be pushed into poverty as a result of the financial crisis,” World Bank Managing Director Ngozi Okonjo-Iweala said
KINSHIP AND CAPITALISM
"A couple from Detroit pleaded guilty to killing their two-year-old son and trying to cremate him on a barbecue grill so that they could collect his welfare benefit. Sentences are due to be passed next month." (Times, 25 March) RD
SCRAPING BY ON $43 MILLION
(Yahoo News, 18 March) RD
Friday, March 27, 2009
Who owns the North Pole - Part 14
Russia has announced plans to set up a military force to protect its interests in the Arctic. In a document published on its national security council's website, Moscow says it expects the Arctic to become its main resource base by 2020.
The document foresees the Arctic becoming Russia's main source of oil and gas within the next decade. In order to protect its assets, Moscow says one of its main goals will be the establishment of troops "capable of ensuring military security" in the region.
With an estimated 90 billion untapped barrels of oil, Russia's strategy is likely to cause concern among other countries with claims to the Arctic.
COMIC BOOK CAPITALISM
"New York – A rare copy of the first comic book featuring Superman has sold for $317,200 in an Internet auction. The previous owner had bought it for less than a buck. It's one of the highest prices ever paid for a comic book, a likely testament to the volume's rarity and its excellent condition, said Stephen Fishler, co-owner of the auction site ComicConnect.com and its sister dealership, Metropolis Collectibles." (Yahoo News, 14 March) RD
forgotten victims
Shelter chief executive Adam Sampson said "Tenants who have kept their side of the bargain by paying their rent are being thrown out on to the street because their landlords have defaulted on the mortgage."
Leslie Morphy, of Crisis, said "We risk forgetting that tenants of private landlords are extremely vulnerable to the recession,"
Thursday, March 26, 2009
THE RECOVERY MYTH
"Barack Obama has told Americans he sees signs of economic recovery, but urged them to be patient and look beyond their "short-term interests" The US president said his draft budget would build a stronger economy which would mean America did not face a repeat crisis in 10 or 20 years." (BBC News, 25 March)
This of course contradicts another "expert" on the economic scene."The world economy is set to shrink by between 0.5% and 1.0% in 2009, the first global contraction in 60 years. In its gloomiest forecast yet, the International Monetary Fund (IMF) says that developed countries will suffer a "deep recession". The global economic body says "the prolonged financial crisis has battered global economic activity beyond what was previously anticipated". (BBC News, 19 March)
To illustrate than none of the experts have a clue this is the same IMF that was predicting just two months earlier that world output would increase by 0.5%! In fact capitalism is an economic system that is based on slumps and booms and no amount of political "spin" can govern its unpredictability. RD
Wednesday, March 25, 2009
THE SIMPLE LIFE
Lev Leviev London, England Net Worth: $1.5 billionRank: 468
"Computer mogul Michael Dell claims to live simply yet built a 33,000-square-foot manse in Austin, Texas, in 1997. Called "the castle" by locals for its high walls and tight security, the home sits on a 20-acre spread a mere stone's throw from Dell headquarters. It's not so simple for other members of the billionaires club. Oracle Chief Executive Larry Ellison, a hard-core Japanophile, blew an estimated $100 million building a 23-acre, 10-building, Japanese-inspired imperial villa in Woodside, Calif. But it doesn't stop there. In recent years, he has spent an estimated $200 million snapping up a dozen commercial and residential properties in the ritzy beachside enclave of Malibu, Calif. In January 2008, Russian-Israeli diamond magnate Lev Leviev bought the Palladio, an extravagant 17,000-square-foot manor outside London, for $65 million. (That works out to $3,823 per square foot, roughly twice the average in Greater London.) The home includes a bullet-proof front door, gold-plated pool, indoor cinema and hair salon. (Yahoo News, 13 March) RD
one rule for them , another rule for us 2
Scottish Water's chief executive, Richard Ackroyd earns a basic salary of £263,000 plus a 40 per cent bonus.
Junior employees at Scottish Water have bonuses limited to around 5 per cent of their salary.
Tuesday, March 24, 2009
Recession? Wot Recession?
Lewis winner of The X Factor in 2006, is meant to be concentrating on producing her second album, but took time out to perform seven songs – astonishingly, her longest-ever concert. And, at £140,000 a track, her most lucrative.
Meanwhile, the South African entrepreneur Sol Kerzner shelled out for his (fourth) wife Heather's 40th birthday celebrations at the Dorchester last week – serenading the fourth Mrs K were Donna Summer and Natalie Cole.
If anyone interested , Rod Stewart can be hired for £750,000.
Monday, March 23, 2009
THE INFALLIBLE FAILS AGAIN
Having recently forgiven Galileo for his view that the Sun and not the Earth was the centre of the solar system (it took over 350 years) we imagine it might take the infallible one a few years before changing his position about condoms aggravating the spread of Aids. Infallibility is a difficult position to defend, as the millions of Roman Catholics who practice birth control by the use of condoms might one day convince the infallible one. RD
Sunday, March 22, 2009
Homelessness and hopelessness
Shelter Scotland's director Graeme Brown said: "A decent, warm, safe home is crucial to all aspects of children's well being. Yet the facts show thousands of Scotland's children have to wake up every day in cold, damp, overcrowded homes, uncertain about their future."
In a separate study, researchers from Glasgow University suggested homeless people were four times more likely to die prematurely. More than 6,000 homeless adults in Glasgow were tracked over a five-year period and their mortality compared with 13,500 non-homeless residents. By the end of the study, 7% of the homeless group had died compared to 2% of the non-homeless group. The most common causes of death among the homeless subjects were drugs, alcohol, circulatory diseases and suicide.
Dr David Morrison, from the research group, said: "This study has shown we have a large population of young, vulnerable homeless people who are in terrible health."
The study indicated Glasgow residents living in the most deprived areas were three times more likely to die than their affluent counterparts. Being homeless increased the risk of death another threefold.
One rule for you , another rule for us
Got a lot of commuter travelling time between home and work ? Don't worry , House of Parliament will pick up the bill . Or they do for the Labour Party Minister of Employment , Tony McNulty , who has been claiming second-home expenses on a London house where just as it happens his parents live.
The MP lived in the house in Harrow with his parents before then moved into her home about eight miles away in Hammersmith, west London. Under parliamentary rules Mr McNulty can claim an allowance for a second home in his constituency even though it is only 11 miles from Westminster. The MPs' Additional Costs Allowance of up to £24,000 a year goes to MPs from outside inner London to cover the cost of staying away from their main home when carrying out parliamentary duties.
McNulty and his wife, Christine Gilbert, the chief schools inspector, have a combined annual income of more than £300,000 and between them own two London homes worth £1.2m.
he compared the defence of his actions to the excuses given by Nazi war criminals, who said they were “only obeying orders”.
“It is not against the rules – though I suppose you might say that is the Nuremberg defence,” he is reported to have said. He said he had decided to stop claiming the second-home allowance in January after he had “reflected” on the issue.
Another Labour Party mnister , Jacqui Smith, the home secretary, is under investigation for claiming £20,000 a year in expenses, arguing that a home she shares with her sister in London was her “principal residence”.
And what the hell , lets keep it all in the family . One third of government ministers employ a member of their family at taxpayers' expense, an official document revealed today. Jacqui Smith employs her husband Richard Timney as a Commons researcher based in her Redditch constituency.
The Labour Party - the party where all the members have their sticky fingers in the pie .
Saturday, March 21, 2009
Organic Capitalism at Work
THE BBC MYTH
"Liverpool draw Chelsea in Europe again. Gerrad assault charge is dropped. Man City faces Hamburg in Uefa cup." (BBC News, 20 March)
Please wait more than 15 seconds and go back to items about children dying and millionaires. We need you. Please test my 15 seconds experience; it may vary from town to town. RD
Thursday, March 19, 2009
A DEFENDER OF CAPITALISM
"We are witnessing the death of capitalism, according to various excitable commentators, some alarmed and some drooling at the prospect. Neither need get worked up Capitalism will survive. And it will do so because it is natural - not, as some claim, an alien system imposed on gullible people." (Daily Mail, 11 March)
Mr Alexander then goes on to use the hoary, old fairy tale about a shipwrecked crew on a tropical island exchanging coconuts for fish and claims this would lead to the invention of money. It is a view that completely ignores the real history of humankind. The first period of human history had no concept of private property and the invention of money is a very late development in that history. There is plenty of evidence that society has developed through various stages of primitive communism, chattel slavery, feudalism and then capitalism. Far from being "natural" capitalism is just another stage in private property society. Mr Alexander is correct in one respect though. People who imagine that the latest slump in capitalism means its termination are completely wrong. Capitalism by its very nature has slumps and booms. Its abolition will only come about with the conscious political action of the working class. RD
Tuesday, March 17, 2009
THE "GREEDY MAN" MYTH
THE "LAZY MAN" MYTH
"Startling new figures have revealed that on average there are 10 jobseekers for every vacancy advertised in the UK. In one area of the south-east, 60 workers are available for each job. This week, as unemployment is expected to burst through the 2 million barriers, The Observer can reveal that the spectre of mass unemployment is forcing the government to reinforce job centres, with civil servants diverted from child maintenance and disability claims."
(Observer, 15 March) RD
Monday, March 16, 2009
GREEDY BASTARDS
The planet we live on has been arbitrarily divided into some two hundred nation states. In all of these states, the very richest and the poorest, there are people who die from the effects of poverty and, conversely, there are those who are immensely rich.
In the UK there is some disagreement about the number of people who die prematurely because they are poor, though the figure of an average of some four thousand per annum for hypothermia is generally accepted. For example, the death certificate may say `pneumonia' in the case of an elderly person who in fact dies of hypothermia because their income does not allow them a sufficiency of food and heat to keep them alive. Again, there are thousands denied the necessary medication to keep them alive while life-long poverty itself has an incalculable effect on human longevity.
The singer, Elvis Presley, sang:
"If Living was a thing that money could buy,
Then the rich would live and the poor would die."
In actual fact, the rich do live on average longer and, certainly, better lives, and in millions of cases every year throughout the entire world of capitalism the poor do die, not because the food, medicine or shelter they need is not available but because they are poor; because they do not represent a market that promises profits for capitalism.
Same economic regime
Admittedly, the numbers who die of poverty diseases in most of the developed countries are minuscule by comparison with the tens of thousands who die every single day in those very `poor' countries that are normally referred to as `undeveloped' or `developing'. Still, someone dying from the effects of poverty or medical neglect in this country or, say, the USA, is a victim of the same economic regime that causes that horrible phenomenon that the media refer to as the `Third World'.
In a grotesque way, it is comforting to think of the `Third World' as a number of far-away geographic locations. It gives people in the developed world a sense of misplaced gratitude to think that, however bad things might be where they are, they are worse in other places. As we have noted, the numbers vary dramatically between the `poor' nations and the `rich' ones but the basic problem, the reality of riches and poverty, demonstrates that `Third World' syndrome is a general economic consequence of capitalism rather than specific parts of the earth.
According to one United Nations Human Development Report, four men between them own more wealth than forty-seven of the poorest nations on earth. The same report claims that a mere four percent of the aggregated wealth of three of these men could provide food, clean water, medication and basic education for all those currently denied these necessities.
The problem, then, seems to be a simple one: there are a number of greedy bastards holding the very lives of millions of people in their hands. The UN Report mentions only four of these but there are hundreds of billionaires - people who have ownership of wealth in excess of one thousand million dollars - in the world.
So a chastising lecture on charity to these `greedy' people and a whip round with plastic buckets, and the problem of world hunger could be resolved in a flash. That is what the myriad competing charities imply when they seek alms - except that most of their donations come from the poor. At another level, that is what reformist political parties traditionally aimed to do by taxation and the argument seems justified when we consider what could be done with a mere four percent of the wealth of three of the billionaires. There are thousands of fabulously rich people who, however extravagantly they live and whether or not they engage in any useful activity, are likely to continue to get richer for the rest of their lives.
But the problem does not reside with greedy bastards; nor can it be resolved either by charitable donations or by the action of reforming governments. The problem is caused by the economic system which gives rise to the rich, the millionaires and billionaires, and as a consequence, also gives rise to those who endure mere want or deadly, killing poverty.
Charity is a popular, and we have to say, a cynical pastime for the rich. Lady Layabout's charity ball is an important item on the social calendar, like croquet on the lawn. Sometimes it may take the form of a fashion show where the well-heeled can see the sort of clothes only they can afford. The residual funds from these expensively organised, posh affairs may be donated to the deserving poor where it will no doubt offer momentary, ephemeral relief to some facet of poverty. Nowadays the charity industry - itself a big employer of labour - has proliferated and diversified but so, too, have the problems.
Not so dumb
Of course it is easy to think of a person with billions or even millions of pounds, euros or dollars as a greedy bastard. That person lives on the same planet as the rest of us; he or she knows about world hunger, about the extremes of lifestyles between themselves and the overwhelming majority around them. They can't be so dumb as to believe they could have earned their fabulous wealth by doing what the rest of us have to do, selling our mental or physical labour power for a wage or salary, and they know that however idly and extravagantly they live, their wealth is likely to continue increasing.
But they do not face a moral dilemma, nor should they. In a way, indeed, they are like the millions of poor people who dream about winning the lottery, except that in the case of the rich capitalists they have their own moral apologia and the power through their wealth to enforce that apologia on the rest of society.
Investment with a view to profit and capital accumulation is the powerhouse of capitalist society; without investment, production and distribution would stall, workers would have no jobs. This is the reality of capitalism from which springs the justifications that capitalists advance for their system.
Acceptance of those justifications is general and almost unchallenged throughout capitalist society. Media, churches, politicians, et al sing the praises of the `job creators'; nobody but the socialist questions motive or points out that capital invests in job creation purely for the purpose of generating profit through the exploitation of workers and that capital disinvests and relocates if it can find a place where it can intensify that exploitation. That is the nub of the question, not whether or not the millionaires and billionaires are moved by the miseries they create to give sums large or small to charity or whether they are forced by taxation to effect some amelioration of those miseries.
Riches and poverty are two sides of the same relationship and can only be ended when that relationship is ended; when society takes over the ownership and control of the means of wealth production and distribution and institutes a system of social organisation in which production and distribution are democratically administered in the interests of the needs of society as a whole.
As far as blaming `greedy bastards' is concerned we workers should remember that capitalists are not in a position to effect real change even if they wanted to - which, of course, they don't. Only the majority, the working class, can do that.
RICHARD MONTAGUE
Sunday, March 15, 2009
A Ghoulish Business
Leon Toffel estimates that five per cent of his business comes from sources in crematoria. "We processed it like any other scrap," he said "When people retire, that's a classic time when they pass on stuff . To a certain extent, it's like a little pension pay-out."
In just two years, six workers at a crematorium in Nuremberg earned more than £100,000 by selling gold teeth to a local jeweller. Under German law, they could not be charged with theft because the gold was not said to belong to anyone after the process of cremation. For some, the story raised painful associations with The Holocaust.
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Paternalism is a common attitude among well-meaning social reformers. Stemming from the root pater, or father, paternalism implies a patria...