Women spreading wet rice to dry in Bangladesh after record rains in July
Friday, October 30, 2009
CAPITALISM ISN'T WORKING
Thursday, October 29, 2009
NO OLD BANGERS HERE
LEXUS
"Ferrari, Lamborghini, Maserati, Corvette, Lotus -- you can name all the ultra high-end sports vehicles in the auto industry and none of these cars hail from Japan, home of the Camry, Corolla, Civic and other family-oriented models. But the Lexus LF-A is finally ready for production after nine years in development. Just 500 units of the most powerful and most expensive car Toyota has ever produced will be available worldwide. The car offers 560 horsepower, a top speed of 202 miles per hour (325 kilometers per hour), your choice of 12 shades of leather and a price tag of over €255,000." (Independent, 22 October) RD
Wednesday, October 28, 2009
LAZY WORKERS?
Chris Kelsey, right, director of the C.R. England truck driving school in Burns
Harbor, Ind., received several hundred applications for an administrative
assistant position that was eventually filled by Tiffany Block, 28.
Tuesday, October 27, 2009
It often takes over three years following the death of a construction worker before a company is brought to trial and convicted.
Another young Scottish construction worker killed
UCATT Regional Secretary Harry Frew was shocked and saddened to hear of a young worker killed on a construction site in Troon, Ayrshire
" We will await the results of the HSE investigation but it is clear from the recent fatality figures that the construction industry is just as dangerous as at the time of the major health and safety summits called by the government in 2001 and 2004, we hope the upcoming summit will bring about a cultural change in the industry to health and safety. This only adds to the figures of workplace fatalities spiralling out of control this year. This year construction deaths leapt by 31%.”Last year 79 people were killed on construction sites and the HSE acknowledge that at least 70 per cent of those deaths are caused by management failures to take adequate health and safety measures.Yet Another construction fatality hits Scotland
UCATT Regional Secretary Harry Frew was shocked and saddened to hear of a young worker killed on a major construction site at the Earlsburn windfarm near Stirling. A 19 year old man died after falling 100ft while working inside a turbine.
He stressed: " This only adds to the figures of workplace fatalities which is spiralling out of control this year. Last year construction deaths leapt by 25%."Last year 79 people were killed on construction sites and the HSE acknowledge that at least 70 per cent of those deaths are caused by management failures to take adequate health and safety measures.
"The continued scale of fatalities reinforces our demand for Corporate Killing legislation, " said Mr Frew.A UCATT commissioned report has revealed that convictions of companies responsible for the death of construction workers have fallen by nearly three-quarters. The reports findings come at a time when construction deaths are rising.The report Levels of Convictions and Sentencing Following Prosecutions Arising from Deaths of Workers and Members of the Public in the Construction Sector undertaken by the Centre for Corporate Accountability on behalf of construction union UCATT, has been published to coincide with Workers Memorial Day (April 28). It reveals that in a six-year period from 1998 to 2004 Health and Safety Executive prosecutions in construction deaths plummeted from 42 per cent to just 11 per cent. The study covered the deaths of 504 construction workers. It often takes over three years following the death of a construction worker before a company is brought to trial and convicted.
Friday, October 23, 2009
Vatican thumbs up for Karl Marx after Galileo, Darwin and Oscar Wilde
L’Osservatore Romano, the Vatican newspaper, said yesterday that Marx’s early critiques of capitalism had highlighted the “social alienation” felt by the “large part of humanity” that remained excluded, even now, from economic and political decision-making.
(Times 22nd October 09)
Thursday, October 22, 2009
THE STATISTICS BEHIND
Sheri West operated a shelter for homeless people, but last year she lost her
home in Cleveland and had to sleep in her car.
“No one could have told me that in a million years: I’d wake up in a homeless shelter,” she said. “I had a house for homeless people. Now, I’m homeless.” Growing numbers of Americans who have lost houses to foreclosure are landing in homeless shelters, according to social service groups and a recent report by a coalition of housing advocates." (New York Times, 19 October)
Wednesday, October 21, 2009
DOLE QUEUE RECRUITMENT
Tuesday, October 20, 2009
THIS IS COMMUNISM?
Reuters – BYD (Build Your Dreams) president Wang Chuanfu sits inside
the BYD E6 Electric Car
Saturday, October 17, 2009
Food for Thought
"Competition is the complete expression of the battle of all against all which rules in modern society. This battle, a battle for life, for existence, for everything, in case of need a battle of life and death, is fought not between the different classes of society only, but also between individual members of these classes.
Each is in the way of the other, and each seeks to crowd out all who are in his way, and to put himself in their place. The workers are in constant competition among themselves. The power-loom weaver is in competition with the hand-loom weaver, the unemployed or ill-paid hand-loom weaver with him who has work or is better paid, each trying to supplant the other. But this competition of the workers among themselves is the worst side of the present state of things in its effect upon the worker, the sharpest weapon against the proletariat in the hands of the bourgoisie.
Hence the effort of the workers to nullify this competition by associations, hence the hatred of the bourgoisie towards these associations, and its triumph in every defeat which befalls them".
Frederick Engels, "The Condition of the Working Class in England" (p108)
UNDERNOURISHED
(Times, 15 October) RD
Friday, October 16, 2009
PROFITS BEFORE PEOPLE
Thursday, October 15, 2009
No work , No hope
Almost one in three households in Glasgow have no wages coming in, official statistics have revealed.
Figures released by the Scottish Government show 62,000 households in the city - 28.9% of all homes - had no working-age adult in employment last year. That puts Glasgow behind the national average of 24%. The stats also reveal a shocking 22,900 children in Glasgow live in a workless home.
The director of the Glasgow-based Poverty Alliance, branded the figures a "scandal".
"There is little doubt that unemployment means that people will struggle to afford the basics in life. For these families heating their home and putting food on the table is the challenge. In the 21st century that is quite clearly a scandal. We know that children in workless households, living in poverty, will have less chance in life than children from better-off backgrounds.We know that their education will be adversely affected and they are more likely to suffer health problems. The danger is that we perpetuate a cycle of worklessness and limited opportunity."
Capitalism cannot be reformed for the benefit of the working class and sooner the well meaning realise this fact , the sooner , we can begin the dismantling of the capitalist system .
EVEN MORE MUST STARVE
A NICE LITTLE EARNER
Wednesday, October 14, 2009
BE AFRAID, VERY AFRAID
Iranian President Mahmoud Ahmadinejad, who has been sparring with President
Obama over whether Iran is developing the technology nuclear weapons.
Tuesday, October 13, 2009
HYPOCRICY IN THE CITY
Church and the City: bankers are said to have lost their way, with the financial
crisis being partly blamed on a culture of greed
“We haven’t heard people saying, ‘Well, actually, no, we got it wrong and the whole fundamental principle on which we worked was unreal, empty’,” Mr Williams told bankers in September. Such rhetoric echoes that of Lord Turner over the summer, when the chairman of the Financial Services Authority spoke in moralistic terms about the need for banking to become "socially useful" again. Hector Sants, his chief executive, has even explained his move to a regulatory job in terms of a sense of Christian “duty” to give something back to society after a 30-year career in money-making." (Financial Times, 7 October)
We expect Archbishops to utter hypocritical nonsense, after all it is their stock in trade, but when financiers rant on about "Christian duty" and banking becoming "socially useful" it is a bit hard to bear. Here’s to the day when banks and other financial institutes are part of our unlamented history along with all its apologists, both religious and secular. RD
Monday, October 12, 2009
OUTDATED MARXISM?
If they had switched on their super duper plasma TV screens (or do they view on ipod now?) on Friday 9 October they would have seen a Channel 4 programme entitled Unreported World, Peru: Blood and Oil. It depicted the bloodshed and military violence that has accompanied the Peruvian government’s decision to auction off large parts of the Amazon countryside that has been used for thousands of years by the indigenous people.
"For the first time isolated indigenous groups are uniting to fight the government's plans to auction off 75% of the Amazon - which accounts for nearly two thirds of the country's territory - to oil, gas and mining companies. ... These would allow companies to bypass indigenous communities to obtain permits for exploration and extraction of natural resources, logging and the building of hydroelectric dams." (Times, 9 October)
What we have here is the modern enactment of what Marx described in Capital in 1867 as the "so-called primitive accumulation" in Europe from the 16th century onwards. As he so aptly put it when commenting on the Enclosure Acts and the Highland Clearances - "The expropriation of the agricultural producer, of the peasant, from the soil, is the basis of the whole process." Far from being out of date Marxism is bang up to date with the current developments of the capitalist system. RD
Sunday, October 11, 2009
A HORRENDOUS FUTURE
"Later this month United Nations inspectors will visit Iran's secret nuclear facility near Qom to find out if the Islamic republic is about to become the world's tenth nuclear power. Whatever they find, the world already has enough nuclear weapons to destroy every single nation on the planet. With approximately 23,000 warheads, there is enough deadly material for 2.3 million blasts the size of Hiroshima. ... The world is committed to nuclear disarmament in principle, in practice it will never happen." (Times, 6 October) RD
OOPS, THERE GOES ANOTHER WARHEAD
(Yahoo News, 2 October) RD
Friday, October 09, 2009
THE SUPER RICH
Thursday, October 08, 2009
Food for Thought 2
Canada's Access to Medicines Regime is now five years old but only one country, Rwanda, has benefited. Progress at a glacial pace is one way to prevent change.
2 – Apparently Osama Bin Laden's ex body guard told The Toronto Star that he, Laden, didn't target civilians. He hit targets and civilians happened to be around! But wait! Isn't that exactly what "collateral damage" is that our `leaders' use to excuse murder? Seems they're all the same, surprise.
3 - More obfuscation – The news is that US taxpayers are now profiting from the bailouts of the financial system( New York Times). They are touting $4 billion in profits but ignore that trillions were spent in the first place. Sounds good anyway.
4 – Despite the well-earned reputation of the dirtiest site on earth for the Alberta tar sands oil project, the Canadian government is expected to formulate its climate change plan so that Alberta and Saskatchewan could carry on as usual, while the rest of the country, with much smaller problems vis-à-vis pollution would be restricted. You can bet that they will be screaming, not about beating climate change, but about the advantage given to the Western Provinces. John Ayers
Wednesday, October 07, 2009
WELCOME TO CAPITALISM
Modern Slave
"After crossing half of Africa and surviving a perilous boat trip from Libya in search of a better life in Italy, Boubacar Bailo is now contemplating suicide. One of an army of illegal immigrants hired to harvest tomatoes in the Puglia region, Bailo squats in a fetid cardboard shack restlessly waiting for a call to the fields. Every year thousands of immigrants, many from Africa, flock to the fields and orchards of southern Italy to scrape a living as seasonal workers picking grapes, olives, tomatoes and oranges. Broadly tolerated by authorities because of their role in the economy, they endure long hours of backbreaking work for as little as 15-20 euros ($22-$29) a day and live in squalid makeshift camps without running water or electricity."
who owns the north pole - part 18
"We claim it to be part of our internal waters, which gives us a lot more authority and control over it," he told CBC News
The United States and Europe have claimed that the Northwest Passage is an international waterway, while Canada has held its position that it's an internal passage.
Tuesday, October 06, 2009
A SHORT BRUTAL LIFE
Monday, October 05, 2009
Bankruptcy Millions
Oct. 5: For decades, Simmons Bedding Company, an iconic American business, was a
prized holding for top private equity firms. But the mattress maker has fallen
into bankruptcy for the first time in 133 years.
Presidents have slumbered on its mattresses aboard Air Force One. Dignitaries have slept on them in the Lincoln Bedroom. Its advertisements have featured Henry Ford and H. G. Wells. Eleanor Roosevelt extolled the virtues of the Simmons Beautyrest mattress, and the brand was immortalized on Broadway in Cole Porter’s song “Anything Goes.”
Its recent history has been notable, too, but for a different reason.
Simmons says it will soon file for bankruptcy protection, as part of an agreement by its current owners to sell the company — the seventh time it has been sold in a little more than two decades — all after being owned for short periods by a parade of different investment groups, known as private equity firms, which try to buy undervalued companies, mostly with borrowed money.
For many of the company’s investors, the sale will be a disaster. Its bondholders alone stand to lose more than $575 million. The company’s downfall has also devastated employees like Noble Rogers, who worked for 22 years at Simmons, most of that time at a factory outside Atlanta. He is one of 1,000 employees — more than one-quarter of the work force — laid off last year.
But Thomas H. Lee Partners of Boston has not only escaped unscathed, it has made a profit. The investment firm, which bought Simmons in 2003, has pocketed around $77 million in profit, even as the company’s fortunes have declined. THL collected hundreds of millions of dollars from the company in the form of special dividends. It also paid itself millions more in fees, first for buying the company, then for helping run it. Last year, the firm even gave itself a small raise.
Wall Street investment banks also cashed in. They collected millions for helping to arrange the takeovers and for selling the bonds that made those deals possible. All told, the various private equity owners have made around $750 million in profits from Simmons over the years.
How so many people could make so much money on a company that has been driven into bankruptcy is a tale of these financial times and an example of a growing phenomenon in corporate America.
Every step along the way, the buyers put Simmons deeper into debt. The financiers borrowed more and more money to pay ever higher prices for the company, enabling each previous owner to cash out profitably. New York Times 5th October
Food for Thought
- Other places can't make that claim. Canada, as a whole, saw poverty reduced in 2007, but the expectation is that 2008 figures will climb back to where they were previously, or worse. Women, as usual, lead the way, especially women living on their own.
- The summer job picture was so bad that many students will have to take on increased debt to continue their studies. U of Toronto has seen a 12% increase in financial aid applications.
- Labour Day 2009 dawned with 500 000 more jobless Canadians than last year, and job losses are expected to continue.
- And that's the way it goes under capitalism. Gains in one area are sure to be lost in another, and so it will continue until private ownership is defeated. John Ayers
Sunday, October 04, 2009
THE GOOD OLD DAYS
"Brno, Czech Republic – Pope Benedict XVI said Sunday that all of Europe — and not only this ex-communist country — must acknowledge its Christian heritage as it copes with rising immigration from other cultures and religions. The second day of Benedict's pilgrimage to this highly secular country was marked by a joyous open-air Mass that drew tens of thousands of pilgrims and a sober message for the entire continent. "History has demonstrated the absurdities to which man descends when he excludes God from the horizon of his choices and actions," Benedict said." (Associated Press, 27 September)
Ah, the good old days of Christian supremacy. The burning of so-called witches, the torture of heretics and the mass slaughter of the church-sponsored crusades. Not to mention the support of dictatorships and the suppression of science when it did not accord with Christian "truths". RD
Who Owns the North Pole - part 17
His assessment comes after warnings from Anders Fogh Rasmussen, the Nato Secretary-General, who said this week that climate change had “potentially huge security implications” for Nato. The thinning ice cap is opening up a new Northwest Passage trade route, while it is estimatedthat previously inaccessible oil worth $90 billion (£56 billion) lies beneath ice in the Arctic Circle.
Friday, October 02, 2009
DEMOCRACY, US STYLE
Thursday, October 01, 2009
WHAT HOUSING PROBLEM?
This overview shows the district of Mongkok in Hong Kong.
Tuesday, September 29, 2009
RECRUITMENT REALITY
SPARE PARTS FOR SALE
Monday, September 28, 2009
ALL RIGHT FOR SOME
THE HIDDEN RECESSION
Sunday, September 27, 2009
CONTRADICTION
Saturday, September 26, 2009
A MURDEROUS SYSTEM (3)
A MURDEROUS SYSTEM (2)
Gulbenis Badurova, 33, in her house with a photograph of her husband Sirazhutdin
Umarov, 32 who was kidnapped, tortured and killed
Friday, September 25, 2009
A MURDEROUS SYSTEM
Mexican Army soldiers secure the site were the two Federal Police officers were
murdered, in Ciudad Juarez
THE CLASS DIVIDE
"Mumbai is desperately overcrowded. More than half its 18 million inhabitants live in shantytowns, many, like Mr Prakash, paying significant rents for the privilege. ..."We ask God to help," said Mr Prakash, who earns about 7,500 (£94) rupees a month, "but in this city I don't think good property is within the grasp of ordinary men."
Contrast that pitiful existence shared by about 9 millions of his fellows in Mumbai with that of a capitalist in the same city.
"Look out across the skyline of south Mumbai and it is not hard to pick out the new pad being constructed by Mukesh Ambani, India's richest man - a building said to have been inspired by the Hanging Gardens of Babylon and said to be the world's first $2 billion (£1.2 billion) home. The 27-storey glass tower, named Antilla after the mythical Atlantic island, is said to feature three helipads, nine elevators a cinema, a health club, a crystal-encrusted ballroom, several "safe" rooms, a garden level half way up and 168 car parking spaces. The structure will have about 400,000 sq ft of interior space and will require about 600 servants to run it." (Times, 24 September)
A 27 storey house for him and his wife and three children may seem a bit excessive and we wonder about the 168 car parking spaces, but with that sort of loot to spend no doubt Mr Ambani has a lot of friends visiting him! RD
Thursday, September 24, 2009
HUNGER AMIDST PLENTY
While a million human beings suffer starvation producers of food are destroying it to force up prices. "An emergency meeting over the collapse in the price of milk will be held by Europe's agriculture ministers. The crisis talks have been convened by Sweden as farmers in mainland Europe continue their "milk strike", dumping hundreds of thousands of litres of milk on farmland.... In an attempt to end the milk lakes and. butter mountains, the European Commission is unwinding its dairy support system." (Times, 24 September)
Butter mountains and milk lakes while a billion starve - capitalism has certainly outlived its usefulness! RD
Wednesday, September 23, 2009
THIS IS PROGRESS?
Chinese People's Liberation Army (PLA) soldiers march pass Tiananmen Square in
Beijing on early September
JESUS GOES SHOPPING
GLOBAL WARMING STRIKES
It was like waking up to see that Armageddon is upon us
Tuesday, September 22, 2009
GROWING OLD DISGRACEFULLY
NHS SAVIOUR?
Monday, September 21, 2009
IRONIC?
Some villagers have not seen any benefit from the neighbouring oil
installation.
A BILLION GO HUNGRY
A young Thai boy and other Bangkok, Thailand, residents receive a food handout
outside the Poh Teck Tung
Saturday, September 19, 2009
FUTURE PROSPECTS?
A BOOM FOR SOME
Friday, September 18, 2009
POVERTY IS WORLDWIDE
"Nearly 60 per cent of Canadians would have trouble paying the bills if their paycheque was delayed by one week, a new poll suggests. The Canadian Payroll Association survey says not only are the majority of Canadians living paycheque-to-paycheque, but they have little ability to put money away for their retirement. The survey, released Monday, said 59 per cent of Canadians would have trouble making ends meet if they missed a paycheque."
(Canadian Press, 14 September)
This paycheque-to-paycheque existence is the norm for most members of the world's working class. RD
MORE MADNESS
Thursday, September 17, 2009
ETHICS AND CAPITALISM
SOCIETY AND SELFISHNESS
Wednesday, September 16, 2009
SCRAPPING SHIPS AND WORKERS
Largely untrained workers break the ships apart using hand-tools
POVERTY IN THE USA
Tuesday, September 15, 2009
CAPITALISM'S PRIORITIES
"With hardly any debate, a powerful Senate committee Thursday approved President Barack Obama's $128 billion request for military operations in Iraq and Afghanistan for the budget year beginning in October. The move came as anxiety is increasing on Capitol Hill over the chances for success in Afghanistan and as Obama weighs whether to send more forces to the country. The war funding was approved as the Appropriations Committee voted unanimously for a $636 billion spending measure funding next year's Pentagon budget." (Huffington Post, 10 September)
The health of the American working class is obviously of less importance than the military needs of the owning class. RD
LAZY WORKERS?
"Falling house prices, shrinking pension pots and the need to support financially dependent children have created a perfect storm for retirement plans," said Simon Lough, chief executive of Heartwood Wealth Management, which commissioned the independent research of almost 2,000 people aged 55 and over. "Since we conducted this research last year, baby boomers have found themselves forced to stay in semi-retirement for even longer as many simply can't afford to stop working." The number of older employees has risen by 97,000 in the past year. There are now 1.33 million workers above retirement age in the UK. The survey demonstrates the bleak choice facing 11.5 million pensioners in the economic downturn: despite having saved throughout their working lives for a comfortable retirement, many have to carry on working or try to make do with a drastically reduced income." (Observer, 13 September) RD
Monday, September 14, 2009
A TEN MILLION POUND VIEW
"At £10m it must be the most expensive sea view in Britain. A Russian multi-millionaire liked a plot of land on the coast at Sandbanks in Dorset so much that he was happy to pay £5m for it. The plot was already occupied by a substantial house, but he did not much like it so is paying the same again to have it knocked down and replaced with something better. The purchase last September by Maxim Demin, 39, a petrochemicals trader, shows that at the top end of the property market lavish spending has survived the slowdown." (Sunday Times, 13 September)
There is nothing unique about the property market. In every market - housing, education, medical treatment, holidays and entertainment - "lavish spending has survived the slowdown".
RD
CENSORSHIP IN THE USA
(Daily Telegraph, 11 September) RD
Saturday, September 12, 2009
THE RISE OF THE BNP
Introduction
The recent rise of the BNP as exemplified by them gaining local council seats and now returning two European Members of Parliament in this year's election makes it necessary for us to have a look at this organisation and what it stands for. Towards that end we intend to deal with this introduction to the subject in three parts.
Overviews
1. The past of far right organisations
All during the 20th century there has been a far right element in British politics. Inside the Conservative Party we have had such organisations as the League of Empire Loyalists. They saw the threat of a diminishment of the British Empire as the great evil to be fought against. With the advent of the Russian revolution in 1917 and the rise of the Labour party to replace the Liberal party, this element became more and more evident. It was during the Thirties however that the far right became a more potent force in British politics. The rise of the NAZI party in Germany and Mussolini in Italy were a great stimulus to far right ideas in the UK. Mosley and his fascists supporters were supported during the 1930s by such establishment institutions as the Daily Mail.
2. The causes behind the BNP rise.
The most obvious reason has been put down to immigration. Indeed when Enoch Powell made his infamous "rivers of blood" speech his sole reason for proposed action was immigration. It is worth noting that his greatest support was not from re-tired colonels regretting the demise of the British Empire but from London dock workers. This I think gives us a clue to their present rise. One of the most important reasons for the rise of the SNP was the failures of the Labour Party, and likewise a powerful ingredient to the rise of the BNP. While a core element of the support of the BNP is nationalism and racism it is the loss of support for the Labour party that has been a large factor in their growth. The growth of unemployment has also led to the "British jobs for British people" nonsense.
3. How to deal with this organisation.
The left wing political parties have no doubts about the actions to take. Do not allow them a platform. Break up their meetings. Use violence against their demonstrations. In fact in the past when the SPGB attempted to have a public debate with the far right it was broken up by left wingers. "No platform for fascists" is their oft repeated mantra. We take the opposite view. Only by debate can their stupid ideas be exposed. The present upsurge is probably only a temporary movement but the SPGB should nevertheless analyse why it is happening and be prepared to deal with their growth.
WAR THREATENS ONCE AGAIN
Venezuelan President Hugo Chavez, left, says goodbye to Russian Prime
Minister Vladimir Putin after a meeting near Moscow on Thursday.
Chavez, who on Friday returned from a ten day-tour of Africa, Asia and Europe that included a visit to Russia, is also negotiating the purchase of 100 T-72 and T-90 tanks from Moscow. "We signed some military agreements with Russia. Well, soon some little rockets are going to be arriving," he said during a speech to supporters from a balcony at Venezuela's presidential palace. (msnbc 12th September 09)
Friday, September 11, 2009
BUSINESS AS USUAL
"The crisis will happen again but it will be different," he told BBC Two's The Love of Money series. He added that he had predicted the crash would come as a reaction to a long period of prosperity. But while it may take time and be a difficult process, the global economy would eventually "get through it", Mr Greenspan added.
"They [financial crises] are all different, but they have one fundamental source," he said. "That is the unquenchable capability of human beings when confronted with long periods of prosperity to presume that it will continue." (BBC News, 9 September) RD
MARKET MADNESS
Thursday, September 10, 2009
CAPITALISM IN ACTION
HUMANS ARE SOCIAL BEINGS
Hurricane Katrina: A disabled woman is rescued in Pascagoula, Miss., Aug. 29,
2005
"But ask any New Yorker about, say, the blackout of 2003, and you’re likely to get not a shudder of horror but wistful reminiscences about people spontaneously directing traffic when the signals went dark. As Rebecca Solnit documents in “A Paradise Built in Hell,” a landmark work that gives an impassioned challenge to the social meaning of disasters, this same sort of positive feeling has emerged in far more precarious circumstances, from the San Francisco earthquake of 1906 to Hurricane Katrina. Disasters, for Solnit, do not merely put us in view of apocalypse, but provide glimpses of utopia. They do not merely destroy, but create. “Disasters are extraordinarily generative,” she writes. As the prevailing order — which she elliptically characterizes as advanced global capitalism, full of anomie and isolation — collapses, another order takes shape: “In its place appears a reversion to improvised, collaborative, cooperative and local society.” (New York Times, 1 September) RD
Wednesday, September 09, 2009
Reading Notes
"The Condition of the WorkingClass in England", p.87).
A CHILLING PROSPECT
THE FAILURE OF CHARITY
Women and children gather at a food distribution centre in Ethiopia's Oromiya
region
Tuesday, September 08, 2009
Food for Thought
"Lobbyists hired by the American coal industry sent forged letters, purporting to be from non-profit groups opposed to the US climate-change plan, to members of Congress. The oil industry is organizing 20 'public rallies' supplying props, speakers, and busloads of placard-carrying company employees – their chants well rehearsed – to mimic grass roots opposition to the Clean Energy and Security Act."
Would we expect anything different form a profit driven system? Meanwhile, in China, the world's new leader in greenhouse gas emissions, there is a push to become the world leader in electric power, not, say manufacturers, to save the planet but to make money and conserve oil. Seventy per cent of China's energy comes from coal and with another 5 billion tons in the ground, we can expect China to continue to be number one. John Ayers
Monday, September 07, 2009
Food for Thought
- Then there are the effects of capitalism. The Brighton Independent reported that 19%, or 1 000 soldiers and police serving in Afghanistan have been discharged for psychological strain, a jump of 50% over the last year.
- Imagine this – you buy a condominium in Florida for $430 000 forRetirement. Then the market crashes and all other buyers walk away. You are left as the sole tenant in a 32 -storey building! Of course, there are plenty of homeless people who could fill it up, but they don’t count without the cash. Only in capitalism could you encounter something this stupid!
John Ayers
Sunday, September 06, 2009
Early Death: Greater Returns!
The bankers plan to buy “life settlements,” life insurance policies that ill and elderly people sell for cash — $400,000 for a $1 million policy, say, depending on the life expectancy of the insured person. Then they plan to “securitize” these policies, in Wall Street jargon, by packaging hundreds or thousands together into bonds. They will then resell those bonds to investors, like big pension funds, who will receive the payouts when people with the insurance die. The earlier the policyholder dies, the bigger the return — though if people live longer than expected, investors could get poor returns or even lose money. (New York Times September 6th)
It's your patriotic duty. no doubt.
CHAMPAGNE SOCIALISTS!
"Every year charitable organisations buy at cut-rate prices our unsold surplus. Giving it away would even spoil that source of income for us."
The fruitgrowers may have appeared heartless but from an economic standpoint letting the fruit rot seemed the logical action. A similar solution is being followed today by French wine producers.
"Hopes of a glut of cheap champagne are set to be dashed when vineyards meet next week to agree on a big cut in production to prop up prices. With sales falling, producers may be ordered to leave up to half their grapes to wither on the vine in an attempt to squeeze the market." (Times, 29 August)
Capitalism is a crazy system, obviously inside socialism we would deal with the problem by drinking more champagne! RD
HARD TIMES
Food for Thought
The same author ( Davie Oliver ) describes how the banking industry isWinning the battle against being regulated after receiving billions in handouts (Toronto Star, 09/08/09) ,
"You would think after global financiers triggered the current, unprecedented world-wide recession and credit crisis, they might embrace inevitable reforms that their reckless conduct made necessary. The US government pumped life sustaining cash into 20 banks but their powerful lobbying groups are resisting any legislation to curtail their activities, they jacked up credit card interest to 27% and more, have hastily foreclosed on borrowers, heedless of Washington’s plea to do the opposite, they have set aside billions for employee bonuses and they still lend a high 35 times their capital reserves.
'Olive did manage to come up with,' But, as profit maximizing institutions, their imperative is to focus even harder on making money."
Doesn't this describe every enterprise in capitalism? John Ayers
Saturday, September 05, 2009
Food for Thought
Those who hoped for a better system of organizing capitalism,more social justice etc after the governments of the world bailed out the'bad boys' of the system, are going to be sorely disappointed according toDavid Olive Toronto Star (The Era of Big Government already in retreat).He posits that the greedy are flexing their muscles again and ready tostep back into their natural position of command. He cites the town hallmeetings across America where mention of 'Obamacare', a pale version ofuniversal health care is greeted with Nazi salutes and Sieg Heil!Organised of course by those big boys who want to continue raking in themoney at the expense of a system based on human need. Unfortunately, Olive doesn’t mention that this is just the norm in capitalism. John Ayers
Friday, September 04, 2009
Food for Thought
The Toronto Star (22/08/09) recently revealed that the pharmaceutical industry is involved in a scam to give academic credence to its advertising claims. Common in the US, it has now arrived in Canada. Mcgill University (Montreal) professor Barbara Sherwin lent her name to an article extolling the virtues of estrogen that was, in fact,ghost written by the company itself. Any underhand method of promoting commodities and making money is, apparently, acceptable, and any scientist can be bought. John Ayers
Tuesday, September 01, 2009
A MODEST SORT
Monday, August 31, 2009
NOT SO HOLY
Japanese high school students wearing masks in Tokyo May 17, 2009
GREEN SHOOTS? WHERE?
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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...