Thursday, June 09, 2011
The poor die younger in Glasgow
Age Concern UK expressed regret at the continuing variations. Director Michelle Mitchell said: "As the state pension rises to 66 by 2020, it is people living in poorer areas with lower life expectancies who will see their retirements cut short."
“In just four years the difference between the life expectancy of women in Notting Hill and those in Glasgow has increased by two whole years,” said TUC chief, Brenden Barber in response to the growing inequality. “Women living in the poorest areas will lose significantly more of their retirement years than those living in wealthy Britain.”
Dr Simon Szreter, professor of history and public policy at Cambridge University, said: "Life expectancy has a longstanding correlation with social class and income. The rich have got richer and the poor have stayed the same."
Tuesday, June 07, 2011
A plague upon both houses
With a referendum looming in the future, once again Socialist Courier declares its policy:-
The world-wide working class has a common interest, to end its exploitation and solve its problems, to join together to establish a world without frontiers in which the resources of the planet will have become the heritage of all, so that there can be production to meet needs and not for profit. One world, one people, where cultural differences will still be celebrated, but where we’ll all be citizens of the world. It is clear, then, why socialists don’t take sides in the debate about whether it is better for workers there to be ruled from Edinburgh or from London.The SNP argues that the problems facing workers in Scotland are due to “Westminster rule”. If only there was an independent Scotland, they say, separate from the rest of Britain, then there would be full employment, higher wages, job security, better state benefits, a healthy health service and all the other things politicians promise at election times. But it is absurd. This would be a purely political constitutional change which would leave the basic economic structure of society unchanged. There would still be a privileged class owning and controlling the means of production with the rest having to work for them for a living. An independent Scottish government would still have to operate within the constraints of the world capitalist system. It would still have to ensure that goods produced in Scotland were competitive on world markets and that capitalists investing in Scotland were allowed to make the same level of profits as they could in other countries. In other words, it would still be subject to the same economic pressures as the existing London-based government to promote profits and restrict wages and benefits.
Our opposition to the SNP should not be interpreted as support for the pro-union parties. We are just as opposed to them. A plague on both their houses is what we say.
Thursday, June 02, 2011
THE UNCARING SOCIETY
poverty porn
At one point residents erected a sign charging "all scheme tourists £1 entry" - with a view to erecting a children's playground with the proceeds (only for East Ayrshire Council to haul it down within hours as illegal "fly-tipping" and as one resident said the fastest response to dumping "rubbish" ever recorded in the scheme.)
"The reason we put up the first sign is you will pay to go into a zoo or safari park, and they are coming here likes it's a safari park but with human beings on show. That's why we put up the sign, as a joke," said Karen McLean
Author and social commentator Peter York said it was understandable that the television programme would draw in spectators: "...the white working class has become the one group that can be baited and no-one complains as they would any other social class, and you have a situation where people want to see these people as they would animals in a zoo."
The Scotsman commentator Mark Smith writes "The characters in The Scheme are the alter ego of the filthy rich. They are the casualties of our capitalist society, the flawed consumers, those who, through little fault of their own, cannot step up to the plate at the altar of the free market. Yet still we deride them for reaching out to grasp some of the spoils from the rich man's table: the mobile phones, the 40in televisions, the designer gear." He goes on to say "To identify the human misery apparent in The Scheme as a symptom of the unequal nature of society is uncomfortable. It requires that we look at ourselves and at our positioning within that unequal society. It is far easier to cast judgments, to bemoan the depravity of the poor."
Monday, May 30, 2011
GROWING OLD DISGRACEFULLY
Sunday, May 29, 2011
THE MIDDLE CLASS MYTH
rich list 2011
The number of billionaires has risen from 53 to 73, while nine people have seen their fortunes rise by £1 billion or more during the past 12 months alone.
Britain’s 10 Largest Fortunes (in billions of pounds)
1. Lakshmi Mittal and Family Steel 17.5
2. Alisher Usmanov Steel, Mines 12.4
3. Roman Abramovich Oil 10.3
4. The Duke of Westminster Property 7
5. Ernesto and Kitty Bertarelli Pharmaceuticals 6.9
6. Leonard Blavatnik Industry 6.2
7. John Fredriksen and family Shipping 6.2
8. David and Simon Reuben Property 6.2
9. Gopichand and Srichand Hinduja Industry 6
10. Galen and George Weston Retail 6
Saturday, May 28, 2011
AUSTERITY - FOR SOME
NEVER STEAL ANYTHING....
all at sea
"I know the names of all our clients," says the boatyard's chairman, "They're not famous people. You won't have heard of them." But, chances are, in one way or another, money that was once in your bank account is now in theirs'.
A few years ago an American client arrived and had signed a contract to buy a 43-metre yacht within two hours, with a price tag of €25m (£21.6m). He had never owned a boat before. "He told us: 'The interiors, the colours, the finishes, I don't care. The only thing I care about is the safety of my dog, as the boat is a present for her.'" On boats you have big holes, big gaps, big open spaces where a dog might fall. In the end he spent over a million euros having the holes closed over with glass and netting.
One wife of an Eastern European gentlemen, apparently, spent €3.5m on Swarovski crystals, which were attached to everything. In the finished vessel, the great chandelier in the main dining room matched the flip-flops worn by guests. She also requested a real wood fire, right next to a silk and cashmere carpet that cost €750 per square metre.
One of CRN's yach
ts, Maraya, has been chartered several times by P Diddy (with an estimated wealth of only $475m, or £288m, he doesn't quite make the 1,500), at a cost of €400,000 a week.
1. 'Eclipse' 557ft Roman Abramovich Features a missile-detection system and a laser shield to hinder the paparazzi's cameras. It also holds the distinction of being the world's largest.
2. 'Dubai' 532ft Sheikh Mohammed bin Rashid Al Maktoum This floating palace has seven decks, with jacuzzis and a mosaic swimming pool. It can also support a nine-tonne helicopter.
3. 'Al Said' 508ft Qaboos bin Said al Said The Sultan of Oman's yacht has a heli-pad, a cinema and a concert hall which can accommodate a 50-strong orchestra.
4. 'Prince Abdulaziz' 482ft Saudi Royal Family The world's largest and most expensive yacht when it was built in 1984. Its luxurious lobby was inspired by that of the doomed Titanic ocean liner
.
Friday, May 27, 2011
BEHIND THE TV FANTASY
Thursday, May 26, 2011
WHERE THE GREEN MOVEMENT FAILS
Wednesday, May 25, 2011
DIVINE NONSENSE
Who Owns the North Pole - Part 30
Several ministers have previously suggested that Denmark could lay claim to the North Pole, but if the draft is adopted, it will be the first time that Denmark’s official policy is to claim the Pole and puts Denmark on a collision course with other Arctic claimants. Territorial claims over vast stretches of the energy-rich Arctic are serious business.
Conservationists aren’t pleased with the territorial ambitions, however, saying countries bordering the Arctic Ocean should focus on the region’s fragile environment and not its demarcation and development.“This is a land grab which is about getting access to resources,” said Mads Christensen, executive director for Greenpeace Nordic. “No one is advocating for a pathway where we look at it as a global good.”
Tuesday, May 24, 2011
ALL RIGHT FOR SOME
Monday, May 23, 2011
LAND OF THE FREE?
The Russians are coming !!
Hotel bills of around £20,000 for a 10-day stay for two are said to be commonplace while some small family groups are reported to have spent £100,000.
The Scotsman has learned of guests hiring a castle for £7,000 a night and shopping sprees lasting just half an hour have notched up the same bill. Two Russian guests were said to have hired out the Royal Yacht Britannia, in Leith.
Moscow is home to the world's second-largest concentration of billionaires after New York.
Denise Hill, head of international marketing of VisitScotland, said:"We are getting a lot of oligarchs visiting, for whom money is no object, as well as growing numbers on incentive trips through their businesses. Some groups will spend £20,000 on whiskies in a hotel without even thinking about it."
David Tobin, founder of Dream Escape, which provides tailor-made luxury holiday packages in Scotland, said many Russian clients arrived in their own private jets and travelled around Scotland by helicopter. "Many of them will own property in London and come up to Scotland on holiday when they are in the UK," he said. "They are used to spending several thousand pounds on hotel suites around the world, so they think nothing of spending the same on a private hire of a castle...I know of four guests popping into the House of Bruar in Perthshire for half an hour and spending around £7,000."
Dorothy Welsh, director of sales and marketing at Gleneagles, said: "A stay of 10 nights in one of our best suites is certainly not unusual and some guests will spend as much as £20,000 here."
Thursday, May 19, 2011
A MOCKERY OF DEMOCRACY
An Amazon drug for the poor
Officials in the Amazon region of Brazil first started hearing drug users refer to Oxi in about 2005 but had probably been used as early as the late 1980s, likely being mistaken for crack cocaine. It first appeared in the tiny northwestern Brazilian state of Acre. With a population of only 732,000, Acre borders both Bolivia and Peru - two of the largest producers that import freebase cocaine paste into Brazil. Oxi is not a particularly unique drug. It is a derivative of cocaine paste, the clay-like foundation product used to make crack and refined powder cocaine. To make Oxi, chunks of freebase cocaine are soaked in gasoline. When gasoline is not available, kerosene is sometimes used. It is then mixed with limestone powder, a product used in construction. Easily attainable household solvents, like cleaning chemicals, are also sometimes added to the toxic mixture. In the final process, the rocks are dried, often simply under the sun, and then sold on the streets for consumption. According to police, with cocaine paste as the main ingredient, Oxi can be made very easily and cheaply without the need for a background in chemistry - unlike refined powder cocaine, which needs the infrastructure of a laboratory to produce, and is much more time-consuming and complicated.Because it is cheap, Oxi was initially used primarily by people from lower economic classes, the drug is often called "an Amazon drug for the poor". The average price for one rock being five Brazilian reals, which is the equivalent of about three American dollars. Sometimes, a rock of Oxi can sell for as cheap as one American dollar. The difference between Oxi and crack is that crack usually has about 40 or 50 per cent purity, but based on studies of what has been confiscated, Oxi is being made from freebase cocaine that has 80 to 90 per cent purity. It's stronger and the effects of addiction faster, and consequently it is considered a better drug by the users. The immediate effect after smoking it lasts only three to five minutes, so most users say they are always looking to get their next hit. A user can normally get five inhales on one rock, extending the total buzz from one rock to roughly 20 to 30 minutes, depending on how experienced the user is and how long the smoke is kept in their lungs. Regardless of the prowess of the user, the effects do not last long, and leave the victim searching for another hit soon after they finish. Oxi ravages internal organs, causes severe weight loss and critical brain damage. But it is highly addicting; most users who try it get hooked in the first try.
Alvaro Mendes, a researcher who helped conduct the first study of Oxi back in 2005, told Al Jazeera "In the 15 years I have been working with chemical dependency, I have never seen a drug with such a potential of destruction as Oxi.When a person starts using Oxi, on average they die within one year"
Substance abuse will last as long as capitalism itself does as people feel the stress of coping with life under the profit system. People are becoming isolated from each other with drug abuse on the increase. Will drugs be as big a menace in socialism? The problem of illegal drugs might not be so easy to solve. One prime factor, however, would immediately disappear in a socialist system – the monetary incentive to produce such drugs. We believe that socialism would fill up the gaps in people's lives making it less likely (if not completely unlikely) that they would turn to drugs to fill an empty life or escape from an intolerable one. In a socialist society, many of the causes of the drug problem will not exist and have been eradicated—the chronic alienation, isolation and loneliness created by capitalist conditions of life, plus social deprivation, poverty and dissatisfaction . Once these factors are removed, the symptoms they produce will disappear along with them. One thing is for sure that there is no solution within capitalism.
Wednesday, May 18, 2011
Against independence
What is a nation? It is simply the people and the territory which have been appropriated by a class of robbers at some point in history. It has less to do with a common language, religion, race, culture, and all the other things which nationalists imagine or pretend are essential ingredients in the making of nations. This is certainly true of Scotland. The nationalist idea of a once united Scotland is just a myth. Every nation-state is by its very nature anti-working class. The “nation” is a myth as there can be no community of interests between two classes in antagonism with one another, the non-owners in society and the owners (the workers and the capitalists). Workers have more in common with people like ourselves in other countries than with the privileged owning class of the country where we happen to live and work. The world-wide working class has a common interest, to end its exploitation and solve its problems, to join together to establish a world without frontiers in which the resources of the planet will have become the heritage of all, so that there can be production to meet needs and not for profit. One World - One People, where cultural differences will still be celebrated, but where we’ll all be citizens of the world.
The illusions of nationality are yet another tool of the ruling class, intended to trick workers into thinking that this really is some kind of collective society, and to misplace their passions that could otherwise be directed into the class struggle. The presence of political nationalist ideas is an indication that some groups in society feel its real material interests are being frustrated by forces outside (or even inside the nation.) Of course the desire to achieve their aims is never expressed in terms of their own needs only. In order to enlist the necessary working class support such arguments as “justice”, “freedom”, and “the nation” are used to justify the real bone of contention and to give it an aura of sanctity. The current ruling class have cultivated such ideas as nationalism, propagating the illusion that we live in a society with a collective social interest. The more enlightened among them probably saw the effects of separating and alienating people from each other and their labour, and so stepped up the spreading of beliefs like nationalism in order to try and convince people that they were not so exploited as they really were, and that everyone had a common interest. The state ultimately exists only to defend the property interests of the owning class at any given point in history – which is why modern states across the world send the police and army in to break strikes and otherwise seek to protect the interests of the capitalists and business at every turn. As workers you have no real community of interests to gain from Scottish independence. In what way is the life of a Scottish wage slave basically different from that of an English , an American , or a Russian wage slave? There is no basic difference in the way of life of the world’s working class because we all suffer from the same problems. Jonathan Swift wrote “the first principle of patriotism is to resent foreigners.” This method, of setting one section of population against another, has been used ultra-successfully all around the world – so successfully that great swathes of people can now rouse themselves, with no apparent external cue, against the newest threat, the most recent immigrant group, anyone who looks or sounds like they may be from a group that’s not their own. Enemies are required by the state elites. Enemies within and without.
Should self-government eventually be established workers will discover that they cannot will or legislate away the problems of capitalism. No country in the world, no matter how independent or rich in resources, has yet succeeded in eliminating poverty, unemployment, insecurity, etc. An independent Scotland would still have to operate within the constraints of the world capitalist system. It would still have to ensure that goods produced in Scotland were competitive on world markets and that capitalists investing in Scotland were allowed to make the same level of profits as they could in other countries.The workers are wasting their time when they struggle to make some aspect of capitalism better, to make capitalism more acceptable. Capitalism is not a system that can be humanised or reformed or transformed into something better. It is a profit system subject to economic laws which can only work in one way: as a system of profit-making and accumulation of capital in the interest of a tiny minority of profit-takers.
In Scotland today it’s true that there is a struggle - as there is in England, Wales, Ireland, or rest of the world for that matter. But the struggle in Scotland is not, as the nationalists would have us believe, the struggle for home rule or self-government. The struggle in Scotland, as in the rest of the world, is a class struggle: the struggle between the working class and the capitalist owning class. The interest of the working class in all countries is to reject all nationalism, to reject in fact the very idea of “foreigner”, and to recognise that they have a common interest with people in other countries in the same economic situation of being obliged to sell their mental and physical energies in order to get a living.
Neither London nor Edinburgh, but World Socialism.
Tuesday, May 17, 2011
Doom and gloom
Bank of Scotland research found that soaring gas, electricity and main-tenance costs were the main causes of the rise. It showed that the average annual cost associated with owning and running a home rose by 1.4%, or £116, from £8525 in March 2010 to £8641 in March 2011. Utility costs were up by £102 on average and maintenance costs by £33.
Bank of Scotland housing economist Suren Thiru said: “Household finances remain under pressure with the significant drop in mortgage payments since 2008 mostly offset by increases in other household bills. Rising utility bills have been a clear driver behind this, along with increases in maintenance costs. The current strain on household finances is particularly concerning at a time when earnings growth remains weak.”
Another study revealed over-50s are suffering a drop in their quality of life as their incomes are squeezed by low interest rates and high inflation. Research by Saga found that around 56% of older people cite the rising cost of living as their biggest concern, more than double the 27% who are most worried about their health.
Monday, May 16, 2011
funemployment
Workshy, embracing unemployment as a lifestyle choice, sometimes one inherited from the parents, and spending money scrounged off others on booze and drugs. No, not the feckless "chav" caricatures who regularly feature in tabloid horror stories, used to justify further attacks on Britain's besieged welfare state. It's a new generation of young, wealthy freeloaders - the "funemployed".
It might seem perverse to associate fun with the trauma of unemployment. Around 2.5 million Britons are officially without work; youth unemployment is currently running at over 20%. But in a society where Jobseekers Allowance is just £67.50 – among the lowest of comparable western European nations – it's a right that only a small elite can meaningfully exercise. While most Britons are suffering the biggest squeeze on living standards for nearly a century, there is plenty of money around for the uber-wealthy to splash out on their kids. The wealth of the top 1,000 people went up by nearly a fifth in the last year.
Public, an exclusive Chelsea nightclub set up by Prince William's best friend Guy Pelly, has only been open for five months, but more than a hundred residents and businesses have called for it to be closed because of the disorderly behaviour of its privileged clientele: noisiness, vomiting and used condoms left littering the streets.
unemployment
"Dozens of towns and cities have more than 10 dole claimants chasing every vacancy and areas on their doorstep are not faring much better. It's not good enough for ministers to brand those out of work as feckless and claim that there are plenty of jobs out there. The reality is very different." TUC general secretary Brendan Barber said
It doesn't matter where you live, deprivation is a world problem.
Saturday, May 14, 2011
Who owns the North Pole - Part 29
With Arctic ice receding due to global warming, American officials have been cozying up to Greenland, where future oil and mineral deposits may become available to exploration. State Department cables released by WikiLeaks reveal that the U.S. and other industrial nations are jockeying to “carve up” Arctic resources in the coming years. The U.S. Geological Survey estimates Greenland territory may sit atop oil reserves as large as those in the North Sea. The Arctic Circle could contain 90 billion barrels of oil, about 1,700 trillion cubic feet of natural gas, and 44 billion barrels of natural gas liquids. In addition to oil and natural gas, mining companies also have their eyes on aluminum, iron ore, gold and rubies.
One diplomatic dispatch states: “Our intensified outreach to the Greenlanders will encourage them to resist any false choice between the United States and Europe. It will also strengthen our relationship with Greenland vis-a-vis the Chinese, who have shown increasing interest in Greenland's natural resource.”
Tensions within NATO are also exposed, as Canadian leaders privately express disquiet over the alliance’s mooted plans to project military force in the Arctic in the face of perceived Russian aggression. Recently re-elected Canadian PM Stephen Harper is quoted by diplomats as saying that a NATO presence in the region would give non-Arctic members of the Western alliance too much influence in an area where “they don’t belong”.
Another cable quotes Danish foreign minister Moeller’s opinion that “new shipping routes and natural resource discoveries would eventually place the region at the center of world politics.” The head of the Russian navy is quoted as saying “one cannot exclude that in the future there will be a redistribution of power, up to armed intervention.” A 2010 cable quotes Russian Ambassador to NATO Dmitriy Rogozin saying: "The twenty-first century will see a fight for resources, and Russia should not be defeated in this fight ... NATO has sensed where the wind comes from. It comes from the North."
Greenpeace campaigner Ben Ayliffe reacting to the release of the new cables, said “These latest Wikileaks revelations expose something profoundly concerning. Instead of seeing the melting of the Arctic ice cap as a spur to action on climate change, the leaders of the Arctic nations are instead investing in military hardware to fight for the oil beneath it. They’re preparing to fight to extract the very fossil fuels that caused the melting in the first place. It’s like pouring gasoline on a fire.” Ayliffe of Greenpeace continued: “As so often before, this new military build-up is all about oil."
FINE WORDS AND HARSH REALITY
Thursday, May 12, 2011
Food for thought
A rally of several thousand turned out to oppose the new hard right mayor of Toronto, Rob Ford, who came to power with the usual 'reduce taxes, no cuts in services' platform. He started with the Toronto Transit Commission with an attempt to get the Provincial government to declare the workers as 'essential' and therefore unable to strike. Privatising garbage collection is next, and so on, a la Wisconsin. Only supporting and getting socialism will put the boots to these capitalist puppets.
More government waste and incompetence. No, not the $30 billion, and counting, short range fighter planes in the second biggest country in the world. I'm talking about the 1998 purchase of four British submarines that were fitted to fire, guess what? British torpedoes. They are still incapable of firing our own MK-48 torpedoes, and that's just fine by me!
losing homes
The group has predicted that a total of 40,000 people will lose their homes this year, up from 36,300 in 2010, due to the squeeze on household incomes as a result of the combination of rising taxes and living costs and slow wage growth. Around 166,900 people were in arrears of at least 2.5% of their outstanding loan at the end of March.
Industry commentators have also warned that Government initiatives to help keep people in their homes may simply be delaying a spike in repossession numbers.
Wednesday, May 11, 2011
Food for thought
How government works in the people's interests the Tory government has spent millions in the courts trying to shut down Vancouver's much-lauded safe injection site for drug addicts, Insite. Our tax dollars have been hard at work in the BC Supreme Court, and the Court of Appeals rather than funding something worthwhile for $500 000 a year. Of course, with the Tories new multi-billion dollar 'get tough on crime' program, they are going to need as many inmates for their new prisons as they can find. The poor, the alcoholics, the indigenous peoples, and the mentally ill don't quite cut the mustard! John Ayers
Tuesday, May 10, 2011
A grouse
Every year birds of prey are found trapped, poisoned and shot on the country's hills, despite being protected by law and specialist wildlife crime officers. Landowners say the number of illegal killings is relatively small. The official figures are between 25 and 30 each year. The Royal Society for the Protection of Birds believes many other cases of raptor persecution go undiscovered and unreported.
Why would anyone want to kill a bird of prey?
The RSPB believes it's all about money. Shooting, especially grouse shooting is worth £240m a year.
THE WASTEFUL SOCIETY
'A Society in Crisis' - Glasgow and Edinburgh Branches' Day School (Glasgow)
Has Capitalism a Future?: John Cumming (Glasgow Branch)
Most supporters of capitalism, including, most critics, claim that capitalism is the only society which can exist, despite their abhorrence of certain aspects of capitalism, often demand reforms of capitalism as a way of solving social problems.
The Socialist Party has always denied that capitalism could or would collapse spontaneously or that reforms of capitalism are a solution to social problems.
What is the solution then? The Socialist Party is organised for nothing less than the overthrow of capitalism: a complete revolution. Do you agree? If so, join us! If not, tell us why not!
The Rise of Chinese Capitalism:Paul Bennett (Manchester Branch)
China recently overtook Japan to become the world's second largest economy. Like other capitalist countries it has been taking steps to ensure supplies of raw materials and secure export markets as seen by the increasing activities of Chinese companies in Africa. This talk will look at the background to the growth of capitalism in China, the efforts of workers to fight back and the likely impact on the global capitalist system.
The Middle East Powder Keg: Gwynn Thomas (South London Branch)
For over one hundred years the Middle East has been a region of instability, wars and super power rivalries. Modernisation and population growth since the end of Ottoman rule has brought new social and political problems not least of which has been the massive popular uprisings of the Twitter Revolution. Where do the calls for change go from here?
1pm-5pm
All welcome.
Free admission. Free discussion. Free light refreshments provided.
Monday, May 09, 2011
The Scottish Rich
With a combined fortune of £18.257 billion, many of Scotland's richest 100 men and women have seen their fortunes increase in the past year. The top multi-millionaires added a combined £60.2bn to their £395.8bn wealth.
The Daily Record provided lesson on capitalist economics - the rich get richer while the poor get poorer .
This is how it comes about. On a simple level, if you have money, you're earning interest. If you have loans, you're paying interest. The result is that the rich are always moving forwards while the poor are always going backwards - and bear in mind that there are different speeds involved. If the rich are earning five per cent interest on their money, the poor are probably paying around 25 per cent on their loans.
If you are poor, you have lost control. If you're rich, you have it and you use it to spread your money around. If you are poor, you have lost control. If you're rich, you have it and you use it to spread your money around.
This is the first rule of wealth creation - diversify. Sell shares if you think the stock market looks ropey and buy something else - gold or shares in an Indian computer company. People with little money tend to have most of it invested in UK shares and their wealth rises or falls with the market. Not the rich. They spread their money between a wide range of investments to make sure that if one is falling, another is rising.
Our economy may have been feeble for a few years, but there have been plenty of countries that have been powering ahead. If you switched your money from here to Brazil in 2008, you'd be patting yourself on the back. If we in the UK are suffering because of high oil prices, why not buy oil futures that give you a profit as the price goes up? The simple fact is that while one market is weak, another is strong. If you have wealth, you can keep your fingers in as many financial pies as possible. The rich do this with their personal money and businesses. Very few top people have stayed in one small area of the business world. They recognise they have to make money in recessions as well as boom times and diversify accordingly. It's all about swings and roundabouts.
The second way the rich make money in a recession is by switching from buying to selling. Professional investors can make money on falling markets just as they can on rising markets. Buying shares is simply a bet they will go up in price. Professionals can make similar bets that pay out if the market falls.
And they can also insure themselves. If they have a couple of million invested in the stock market, they can pay a premium and if the market does fall, the policy pays out. Heads they win, tails you lose.
There are quite a few bankers in the Rich List, but they've set themselves up so that they can make money no matter what. As long as markets move, there's money to be made. Commodity traders are also there in abundance. The Chinese economy has handed them huge profits as it consumed the world's commodity reserves.
Many have "inheritance" as an explanation for their wealth. The Duke of Westminster has got £7billion and a lot of it from property.
Food for thought
In the Middle East the people continue to demonstrate despite cruel repression by the forces of their own government. The leaders haven't hesitated to open fire on their own people. In Egypt, the taste of victory has soured as new demonstrations were put down by the interim military government, killing two people. Same old
Bahrain, Syria, and other places continue to shoot to kill. On CNN this morning it was reported that a small army of 3 000 well armed Syrian soldiers had closed the border with Jordan and then attacked a city that held anti-government rallies, going door to door and shooting the inhabitants. The dislocation between workers and the ruling owners has never been starker than in this region right now. Let's hope something worthwhile comes out of the death and bravery that we see every night. A chance to elect socialist representatives at least.
The Toronto Star published a piece about the Pope. "For the first time in History, Pope Benedict XVI has answered questions submitted by ordinary people." Obviously, not to be missed! A seven-year-old Japanese girl asked why she had to be afraid and sad. "I'm asking the Pope, who speaks with God, to explain it to me." The Pope-who-speaks-with-god replied, "I also have the same questions; why is it this way? Why do you have to suffer so much while others live in ease? And we do not have the answers but we know that Jesus suffered as you do, an innocent, and that the true God who is revealed in Jesus is by your side." Oh dear! Let's hope this is the first and last time that 'he who speaks with God', supposedly having the wisdom of the world at his finger tips, gives advice and comfort to a seven-year-old.
Sunday, May 08, 2011
Food for thought
"It appeared like a miraculous beast materializing in a forest clearing, and economists are still not sure why."
So much for the brilliance of vulgar economists. At the time of the Irish boom, our finance minister, Jim Flaherty, was quoted,
"It (Canada) will look more like Ireland. More dynamic, more attractive to investors, brighter, and more positive, outward-looking."
The budget that failed and led to the present federal election contained large corporate tax cuts. Ireland is now on the hook for $369 billion with a GDP of just $164 billion. Guess whose paying the price for such stupidity! John Ayers
Wednesday, May 04, 2011
PROGRESSING BACKWARDS
Tuesday, May 03, 2011
recession news
Said Mr Bootle. "I think this year will see falling real earnings, falling real house prices and rising unemployment."
Thursday, April 28, 2011
SPIRITUAL VALUES?
Wednesday, April 27, 2011
George Galloway and life expectancy
However, once more we find Galloway's flowery rhetoric is somewhat at odds with the known and available facts. The website Full Fact Org explains:-
Direct comparisons of life expectancy that tell a story of lives in some UK communities being shorter than those in war torn and poverty stricken areas of the world clearly have the power to shock. But attempts to make such comparisons have also seen the media and politicians misrepresent statistics in search of the hard hitting headline. So are the comparisons between Scotland's largest city and the Afghan capital valid? The claim seems to be based on the alarmingly low life expectancy in the Calton area of Glasgow. Taking the Calton figure of 54.9 years for men from the 1998 to 2002 figures and comparing these to the most recent Afghanistan figure of between 44 and 45 shows that a difference of 10 years in favour of the Glasgow man from Calton.
But Socialist Courier doubts very much if Galloway will ever permit facts to get in the way of a good soundbite.
Tuesday, April 26, 2011
BIG BUCKS AND BIG BANGS
Their Scotland or Our World?
Their Scotland or Our World?
That's the issue in this election, says THE SOCIALIST PARTY
On 5 May, you will have your occasional ration of democracy with the opportunity to vote for the glorified regional council known as the Scottish Parliament.
It's all very well having a vote—but are you normally given any real choice? Let's face it, if it wasn't for the politician's head on the front of the election leaflet, could you tell which party was which?
It's tempting—in the absence of any real alternative—to get drawn into the phoney war that is political debate today. Whether Labour or SNP, Lib Dem, Tory, SSP, ,Respect, they all spout the same promises. And it all amounts to the same thing—they offer no alternative to the present way of running society.
Do you really think who wins an election makes any difference to how you live? And do politicians (whether leftwing, nationalist or rightwing) actually have much real power anyway? OK, they get to open supermarkets and factories, but it's capitalism and the market system which closes them down.
Reality Check
Do any of the political parties address any of the real issues:
+ Why is there world hunger in a world of food surpluses?
+ Why are there unemployed nurses, alongside closed-down hospitals and waiting lists?
+ Why are there homeless people in the streets and empty houses with "for sale" signs?
+ Why do some people get stressed working long hours while others get stressed from the boredom of unemployment?
So what's the alternative?
We in THE SOCIALIST PARTY are not standing at this election ourselves but we still are putting forward an alternative to capitalism and the madness of the market—a society of common ownership and democratic control. We call it socialism.
But real socialism. Not the elite-run dictatorships that collapsed a few years ago in Russia and East Europe. And not the various schemes for state control put forward by the old Labour Party. For us socialism means something better than that. We're talking about:
+ A world community without any frontiers.
+ Wealth being produced to meet people's needs and not for sale on a market or for profit
+ Everyone having access to what they require to satisfy their needs, without the rationing system that is money.
+ A society where people freely contribute their skills and experience to produce what is needed, without the compulsion of a wage or salary.
If you don't like present-day society ... if you are fed up with the way you are forced to live ... if you think the root cause of most social problems is the market system, then your ideas echo closely with ours.
We are not promising to deliver socialism to you. We are not putting ourselves forward as leaders. This new society can only be achieved if you join together to strive for it. If you want it, then it is something you have to bring about yourselves.
If you agree with this, you’ll obviously not want to vote for any of the candidates on offer. But you can show you want real socialism by writing WORLD SOCIALISM across your ballot paper.
And if you want to know more about us and our aims in this election, phone Edinburgh (0131 440 0995) or Glasgow (0141 579 4109) Branch of the Socialist Party. Or come to one of our regular meetings at The Quaker Hall, Victoria Terrace (above Victoria Street), Edinburgh.) 1st Thursday of each month . 7-9 pm. All welcome.
Glasgow Branch of the Socialist Party 3rd Wednesday of each month at 8 pm in Community Central Halls, 304 Maryhill Road, Glasgow.
Or send off this reply coupon for further information and for a free 3-month subscription to our journal the Socialist Standard. Website: www.worldsocialism.org/spgb
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Printed and published by the Socialist Party of Great Britain, 52 Clapham High St, SW4 7U
Friday, April 22, 2011
THE CLASS DIVISION
Tuesday, April 19, 2011
THE LOGIC OF CAPITALISM
Thursday, April 14, 2011
BEHIND THE FINE WORDS
Wednesday, April 13, 2011
FAMILY VALUES
Tuesday, April 12, 2011
THOSE LAZY WORKERS AGAIN
Monday, April 11, 2011
ANOTHER REASON TO BE A SOCIALIST
Who owns the North Pole part 28
Russia is going to deploy a special motorized infantry brigade in its Arctic sector in 2011, the Russian Defense Ministry said.
The brigade will be deployed in the Kola Peninsula in the western part of Arctic but would be responsible for operations in the whole Arctic region. The new Arctic brigade will be created on the grounds of an existing motorized infantry brigade and will be based in the town of Pechenga near Russia-Norway border.
Earlier, Russia's Security Council approved the fundamental principles of the national Arctic policy until 2020. This document envisioned deployment of the armed forces in the region, capable to maintain security in various military-political conditions.
Sunday, April 10, 2011
feeding the world
“A population of nine billion can be supported and fed on the Earth,” he said. “They can’t all live like modern-day Americans, but they can be supported. By applying the best techniques, better transport and refrigeration, it shouldn’t be too difficult to feed nine billion. So one shouldn’t be too alarmist. If there are problems, it will be about mismanagement. Like poverty, it’s more about lack of will than ability to sort it out.”
The caring unpaid over-worked angels
The Royal College of Nursing (RCN) Scotland found just one in 10 nurses feel they have good staffing levels where they work. 96% of nurses reported working in excess of their contracted hours, with a quarter saying they did so every shift. One in six said they rarely or never took the breaks to which they were entitled. 29% said they missed their meal time at work at least three times a week. One in five nurses said that in the last six months they had spent a week or more at work despite feeling too ill to be there. Another 29% said they provided last-minute cover for absentee staff at least on a fortnightly basis.
The Royal College of Nursing (RCN) Scotland said there were "serious concerns" for patient care in the NHS
Saturday, April 09, 2011
DOOMED OR SAVED?
Friday, April 08, 2011
Don't bet on the GGs
The leaders we are asked to support, and sometimes choose between, are a myth, created and maintained by--leaders. They are poor examples of honesty, integrity, even of humanity. They are not interested in truth, justice, or any of the grand notions they spout about. They exist, have always existed, will always exist, for one purpose only: to line their own pockets and empty yours. They are parasites on the social body, unwanted, unnecessary and destructive. To follow leaders is to hand over your heart on a platter, with knife and fork attached.
The Socialist Party has no leaders. Socialism wouldn't operate that way and neither do we. All decisions are made by common vote, all administration is above-board and open to inspection, and all work is voluntary. None of us is perfect, and that's why democracy works better than leadership. Mistakes by one person are not disasters for the many. Private interests don't count. Power doesn't exist. Socialists are their own leaders, and they follow nobody but themselves. Socialism could not work with people unwilling or unable to think for themselves, to take responsibility, or to co-operate, but fortunately it doesn't have to. Human beings are better than that. We can think, and we can co-operate, and we don't need rescuing by some "heroic" and entirely untrustworthy leader of the Left. Galloway is a living confirmation of the Socialist Party’s case of avoiding leadership and leaders in our movement.
To Galloway we say the Socialist Party are unable to support your list of demands. None of them addresses the essential problem of our society - the ownership of the means of production by a tiny number of capitalists and the enforced exploitation of the working class through the wages system. Lacking an honest revolutionary stance for a new society, the reformism of Galloway becomes caught in a pointless and frustrating circular battle with an economic system that is based on exploitation. As long as the accumulation of capital takes precedence, either in the hands of the individual capitalist or state institutions, the primary concern of exploitation of labour and making profit will take precedence over the concerns of human need. So long as the essential resources for living are controlled by their owners - whether as western style private capitalists or monopolist state bureaucrats, like that of the Soviet State-Gangster Capitalism you so venerated - the strife and anguish of the class struggle will remain.
The effect of your election campaign will be to help continue this mystification and confusion of the workers as to their own interests, as well the sullying of the name of socialism. The job of socialists is to bring the class struggle to an end, not to try and accommodate themselves with this system. Once we understand our real interest and begin to consciously organise to get it no leader or deceiver is going to be able to deflect us from our course, and the days of the likes of George Galloway will be numbered.
Thursday, April 07, 2011
MONEY AND MADNESS
Wednesday, April 06, 2011
A THATCHER NIGHTMARE
Monday, April 04, 2011
Food for Thought
In the Obscene and Heard category as Yemen struggles to get rid of its President/dictator, Ali Abdullah Saleh, who was about to hand absolute power to his son, as a king would, The Toronto Star reported (26/March/2011) his speech, " We in leadership, we don't want power, but we need to hand it over to trustful hands, not to sick, hateful, corrupt collaborator hands." Astounding nerve, even for his clique of rogues, thieves, and murderers.
In the UK, angry demonstrators occupied dozens of bank branches in protest of government cuts to people services such as cuts to laundry service for the elderly, to daycares, to libraries, while banks, as in Canada, make incredible profits and pay miniscule taxes. For example, Barclays paid $177CA million against an astonishing year's profit of $18.2 billion. Unfortunately, the group says it is not against taxes, they just want the banks to pay their fair share. They will have to come up with a much better alternative to that solution, say the end of money and finance and the establishment of common ownership!
In contrast to the wealth of the banks, The Toronto Star, in an article on The privatization of Britain's housing, revealed that, in England, 4.5 million people are waiting for public housing, and 100 000 households are officially 'homeless'.
The Harper government appointed Christiane Ouimet as Integrity Commissioner in 2007 to look into reprisals against whistleblowers. Of 228 cases brought before her, only seven were investigated, and no wrongdoing was found in any of them. She was accused of bullying her staff but apparently, no one blew the whistle. She recently resigned two days before an audit was due to begin. Despite the lack of action in four years, she received a separation allowance of $354 000, $53 100 in lieu of forgone benefits, and twenty-eight weeks' severance pay of $137 000. Most workers are lucky to get twenty-eight weeks' unemployment benefits when capital no longer needs them.
Here comes 1984. Miami-Dade (Florida) police department is set to use drone cameras like those used in Afghanistan against the Taliban, for surveillance purposes.
For socialism, John Ayers
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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...