Saturday, March 17, 2012
We don't micro-credit it
Mohamed Yunus, the Nobel Peace Prize winning economist, hopes to raise £1m ($1.56m) in coming months to open the first European branch of his Grameen Bank in Glasgow by the end of the summer. Under its business plan for Glasgow, which will be overseen by experienced managers from Bangladesh, Grameen expects to raise £3m over three years and lend an average of £1,000 to 1,500 borrowers at an interest rate of 19.8% a year.
Rushanara Ali, the Labour Party’s spokeswoman for international development, welcomed the symbolism of experts coming from a developing country to share their knowledge “If they’ve got solutions that work somewhere else, it doesn’t do us any harm to look at how we adapt them,”
Unfortunately Yunis mico-credit schemes are NOT the panacea for poverty. Thomas Dichter of the Cato Institute - “In Bangladesh, 30 years after Yunus’s invention, poverty statistics are worse than they’ve ever been, so something else is the source of the problem and micro-credit is not helping.”
And Socialist Courier asserts that the source of the problem is property, not the lack of riches. Private property and poverty are twins born of the division of society into classes. To end poverty you have to end private property and wage-slavery.
See our companion blogs related posts.
http://socialismoryourmoneyback.blogspot.com/2010/11/yunis-and-micro-credit-myths.html http://socialismoryourmoneyback.blogspot.com/2011/08/microfinance-fails-poor.html http://socialismoryourmoneyback.blogspot.com/2011/05/poverty-of-micro-finance.html http://socialismoryourmoneyback.blogspot.com/2012/03/micro-credit-bubble.html
http://socialistbanner.blogspot.com/2007/12/can-ethical-capitalism-work.html
http://socialistbanner.blogspot.com/2012/01/micro-debt-slavery.html
WHOSE LAND?
Andy Wightman, an authority on land-ownership in Scotland, is calling for answers from ministers and the local council. "This land is crown land. It is Scottish public land. It should be administered by Scottish ministers, as nearly all other historic castles, palaces and royal parks are. No public money should be needed to acquire control of this land, least of all the bulk of Stirling's common good fund. Why...is the Scottish Government sitting idly by while a common good fund is raided to pay for public land that already belongs to us, to be given away to a private golf club for 175 years? It is time to stop this madness."
King's Park Community Council wrote to the council: "In our opinion this is a serious mistake given that the recommendations about to be published in the Scotland Bill give every indication that Crown Estate management in Scotland will be returned to Scottish ministers."
Friday, March 16, 2012
$250 MILLION? CHICKENFEED!
GROWING OLD DISGRACEFULLY
Thursday, March 15, 2012
THE OLYMPIAN SPIRIT?
NHS rationing
Prostate cancer is the most common cancer in men in Scotland, with 2700 cases diagnosed every year. It kills two men every day. There are 19,000 Scottish men currently living with the disease.
Last October, Alex Salmond, the First Minister, signed up to a charter calling for better treatment for patients.
The Scottish Medicines Consortium has denied Scottish men a drug that prolongs life. It said the cost of abiraterone at £3000 a month did not justify the health benefits – even though it can extend lives by more that three months .
In a letter to the Scottish government, sufferer John Thomson writes "It is a disgraceful decision, cruel and unjust, that abiraterone is not available simply because of cost. How do you evaluate the cost of drugs against someone’s life?...This drug not only gives men an extra few months but also some quality to those last few months...It is unfair for some people to access the drug and not others. Money should not be an issue."
Wednesday, March 14, 2012
AN EXPENSIVE ROUND
HUNGER IN THE USA
Tuesday, March 13, 2012
Reading Notes
Monday, March 12, 2012
CAPITALISM IS INTERNATIONAL
OCEANIC POLLUTION
Sunday, March 11, 2012
REGRETTABLE FOR SOME
INVISIBLE UNDER-CONSUMPTION
Saturday, March 10, 2012
In the red, Whyte and blue
In a statement, joint administrator Paul Clark said: “The agreement on very substantial wage reductions and voluntary departures from the club represents a major sacrifice by the Rangers players."
Socialist Courier takes this opportunity to clarify why footballers earn so much.
Footballers at least start from the same position as the rest of us: not owning any wealth from which to obtain an unearned income, to obtain what they need to live they have to go out on to the labour market and offer their mental and physical energies for sale. Most professional footballers, working for clubs in the lower divisions or for non-league clubs, never earn anything more than the average worker.
But some, those who play for the top clubs, are paid fabulous amounts of money, by working class standards. What is their income? Is it wages? Not really. It’s more like rent. Rent is paid whenever there is a natural monopoly in something that cannot be increased, normally land, mineral deposits and other natural features that can be employed in production. The rent of land and natural resources is essentially fixed by the paying demand for it. The higher the demand, the higher the rent.
As Arsène Wenger pointed out, “you normally need special qualities to be a strong footballer”. It is these “special qualities – which are a sort of natural resource that cannot be increased – that enable the best footballers to command so high an income, but as rent rather than as the price for the mere sale of their labour power. Their income is so high because the demand for their talents is so high.
Friday, March 09, 2012
MORE BANGS FOR YOUR BUCKS
Thursday, March 08, 2012
Rangers Blues
Asked if Rangers was in a state to be sold, an administrators source admitted: "There's an awful lot still to be resolved. It is all about who owns what. It doesn't matter whether you are selling a house, or a football club, or a company, you have to know what you're buying."
Scottish Football Association chief executive Stewart Regan has described the prospect of Rangers going into liquidation as "a disaster...[and] the news that the club is running out of cash and may be unable to fulfil their fixtures is the final piece of news that will send Rangers fans into despair."
The popularity of football inside capitalism made it an activity much adored by workers often too unfit to play it themselves, but keen to follow the efforts of their local sporting heroes. With the development of capitalism football has just become another business opportunity. Its development more likely to be followed by financial journalists rather than football ones. Football used to be about watching the match, buying a greasy pie and a cup of bovril. But now stadiums are like shopping malls. It is a truism - if not a cliché - that football today is big business.
Every activity that capitalism touches it turns into commodities.
As Rangers football club ails, vultures circle. In a society where common and shared identity count for little when there is a quick buck to be made, it can be no surprise that football has become infested by the sort of parasites whose idea of of a pastime is making money, especially at other people's expense. The market economy creates the conditions in which they can prosper and seize control of assets that communities often mistakenly think are theirs already.
It is time to take the money out of football altogether. And that means abolishing money in all other areas of life.
We live in a world of inequality. That is a natural consequence of the workings of capitalism. Socialists want a world of equality where everybody would have an equal say in the way things are run including our local sporting associations and where there would still be football, but no bankers or stockbrokers dealing in a football club's future, that being determined solely by the players skills on the field.
CONSPICUOUS CONSUMPTION
Safe Motoring
Dundee topped the test table for “major failures”, with 15.3 per cent of vehicles not getting an MoT certificate
Halfords Autocentres said the cost of repairs following failed tests had nearly doubled to an average of £143 compared with £82 some 18 months ago. The firm said that added up to a total bill of £1.44 billion for motorists. A survey found nearly a quarter of drivers just “keep their fingers crossed” and hope their car will pass.
Edmund King, president of the Automobile Association said: “It is of concern that a higher proportion of cars in Scotland are failing the MoT as this indicates that there are more unsafe cars on the roads in Scotland.” He said: “We have also found that 10 per cent of drivers are cutting back on servicing their cars as a result of record fuel prices at the pumps. This means that many safety faults will only be picked up at the annual test.”
Neil Greig, the Scotland-based policy and research director of the Institute of Advanced Motorists, said: “However, the garage trade as a whole has a poor reputation...Until drivers can be confident they are not being ripped off, many will continue to worry the MoT is a sales opportunity rather than a safety check.”
http://www.scotsman.com/news/transport/mot-failures-show-scotland-has-most-unsafe-cars-in-uk-1-2159169
Wednesday, March 07, 2012
Food for thought
When the Honeywell plant closed in Scarborough, 250 people, many of whom had worked there for decades, were unemployed. That was through the early months of last year. Only 18 have found work. Most are chasing jobs that pay about half the $20 an hour, plus benefits, that they earned on the assembly line. An all too familiar tale for far too long -- time to act.
Re the environment -- we have just had an incredible year dust storms in Arizona, drought and fires in Texas, towns like Goderich, Ontario flattened, tornadoes, massive floods, yet, according to Dailyclimate.org (The Toronto Star, Jan 15 2010) mention of climate change in newspapers dropped 20% from 2010 and 40% from 2009. It asks is it climate change fatigue? I ask, is it a deliberate attempt to put it on the back-burner. John Ayers
Tuesday, March 06, 2012
THE DAY TO DAY STRUGGLE
A JUBILEE OF NONSENSE
A BLEAK FUTURE
Monday, March 05, 2012
Food for thought
"If we identify capitalism with rich guys looting companies, we're going to have a very hard time protecting it." (Toronto Star, Jan 21, 2012). If he just changed 'companies' to 'workers', he would be there.
The same article, though, shows just how dazed and confused the press is. Gingrich was defending himself against 'anti-capitalism charges'. That's because he attacked opponent, Mitt Romney for his leadership of a private equity firm known for plundering floundering companies and tossing workers into the streets and walking away with $250 million. Later on the article says, " Was Karl Marx correct? Is the boom and bust cycle about to go bust forever?" Something he never supported, of course. And this, "socialism is for tycoons and capitalism is for the rest of us." Go figure where that one came from. Dazed and confused!
The National Post, the mouthpiece of laissez faire (unfair) capitalism Reported that the capsizing of the Costa Concordia would cost the owners $90 million US not counting the impact on bookings. Shares in the cruise company are down 16% reducing the company's value by $1.09 billion. Wow, the social good we could do with that kind of value!
The Toronto star reports that 297 000 UK firms folded in 2010 813 everyday. On the same page it is remarked that Ekaterina Ribolovlev, 22 year-old daughter of Russian billionaire. Dymitri, bought a New York apartment for $88 million -- 10 rooms, 6 744 square feet. The
differences in human fortunes are truly staggering. Surely there will be a call for the end of this nonsense.
Well, it seems there is one alternative -- 'System D', the black market, the lemonade stands, flea market vendors, etc. About 1.8 billion people are counted in this class with an economy as large as that of the US. It's all cash and no taxes. Apparently, System D outperformed the regular economy as the recession hit. John Ayers
dirty capitalism
As a result, people in Glasgow, Edinburgh, Aberdeen, Dundee and other urban areas will keep breathing in toxic gases, which can damage their lungs, blood and immune systems. According to the Institute of Occupational Medicine, air pollution kills more than 600 people a year in the Scottish central belt.
An analysis by the Sunday Herald has revealed that European Union (EU) safety limits for nitrogen dioxide, one of the main vehicle exhaust fumes, were breached at 12 sites in urban areas across Scotland in 2011. As well as the four big cities, they included Perth, Paisley, Kirkintilloch, East Kilbride and Broxburn. By far the worst pollution was measured in the centre of Glasgow on Hope Street, followed by Corstorphine in Edinburgh and Atholl Street in Perth.
http://www.heraldscotland.com/news/environment/revealed-traffic-fumes-safety-limits-set-to-be-breached.1330830213
Sunday, March 04, 2012
Food for thought
Our local country paper out in the sticks here reported on hospital CEO's Salaries. The CEO of Toronto Sunnybrook receives $750 000 per year including bonuses like, health club membership, parking, transit passes, and car allowances up to $1 500 per month. Meanwhile the average Joe, earning some $40 000 has to pay his own way for everything. Makes sense?
Of course, as we all know, don't expect capitalism to be fair or just. That's the big mistake of the Left Wing. The locking out of the workers at the Caterpillar plant in London, Ont. shows that. The workers held a rally on January 22nd . Prime Minister Harper was invited to show his support for the workers but was a no show. London mayor, Tom Fontana said, "We need you down here to support the workers. Get your ass down here!" (Toronto Star, Jan 22, 2012) Nice sentiment but it's going to take more than that. Caterpillar just reported record profits. John Ayers
EXPLOITATION IS INTERNATIONAL
No worker is illegal
Simple solution - make them legal. Cracking down on illegal immigration only leads to the creation of an underclass of undocumented migrants
It is all too easy to blame immigrants for causing or at least aggravating problems such as unemployment and low wages. The socialist response to this is simply to point out that poverty and social disruption are caused by capitalism. All those people seeking migration, whether legal or illegal, are simply obeying the imperative that they must try to find a place to work; and no amount of government restrictions will change that fact.
Saturday, March 03, 2012
Food for thought
The banks, of course, are managing quite well. The Royal Bank of Canada reported fourth quarter profits of $1.6 billion, up 43% and the Bank of Nova Scotia did OK, too at $1.24 billion in profits. That's only about $15.5 million a day. Just wondering if they are among the 'small group of winners reaping a disproportionate share of global wealth?
Finally, the environment -- As expected, representatives of the Canadian and American capitalists clearly showed their disdain for the Kyoto Accord or any post-Kyoto Accord at the recent UN climate meetings in Durban. Any attempts to help poor countries of the Southern hemisphere to preserve their ecologically vital rain forests were snubbed. Presumably, any whiff of making a profit out of the resource would bring them running back. The drive for profit is merely a short term and blind point of view but thoroughly consistent with the needs of capitalism. When Canada and the US experience coastal flooding, desertification, and
massive crop losses, these people who ignore climate action might wonder if there is a better system after all. John Ayers
THE HUMAN NATURE ARGUMENT
Friday, March 02, 2012
A DIFFERENT KIND OF LIFE
Thursday, March 01, 2012
Bleak Times
Professor Brian Ashcroft, the editor of the commentary, blames in part the UK government’s austerity measures for choking off growth, describing it as a “serious economic policy mistake” which will be remembered for “generations”.
The core problem, the commentary suggests, is that the supply of labour is rising too fast compared to the number of jobs on offer. This mis-match between people and available jobs is now “identical to the trough of the recession”.
ECONOMIC REALITY
Tuesday, February 28, 2012
COLD REALITY
BABY ITS COLD INSIDE
The last volunteer
Socialist Courier takes the opportunity of his passing away to remind its readers of the Socialist Party's attitude to The Spanish Civil War.
Socialists are on the side of the exploited in their struggles against the landed and monied classes. This is true whether the workers concerned are socialist or not, organised or unorganised, and whether the struggle is a strike or a lock-out, or whether it is concerned with gaining "elbow room" for the working class movement, i. e., the right to organise, to carry on propaganda, to secure the franchise and parliamentary government. If there is no democracy, how could socialist ideas be spread? These struggles are all expressions of the class struggle and are in the line of development towards socialism. It is the plain duty of the organised workers in the more advanced countries to support and encourage such struggles, both at home and in the less advanced countries. While our members individually take part in struggles for objects other than Socialism the SPGB as a party does not. It exists and seeks support solely for Socialism, i.e. for activities which the non-Socialist organisations, including the reformist political parties, do not and cannot undertake. Therefore the SPGB only gives material support to socialist organisations.
Whether the Spanish workers were wise in participating in a struggle so costly in human lives may be debatable, but as they have decided to take the plunge, and as they have the most violent partisans of capitalism against them, socialists are, of course, on their side. It must be assumed that the Spanish workers weighed up the situation and counted the cost before deciding their course of action. That is a matter upon which their judgement should be better than that of people outside the country. It is difficult to blame anarchists who took up arms to defend themselves and their unions from murderous bosses; but we can perhaps look to the rejection of political democracy that preceded the civil war and gave the armed authoritarians the support they needed to break cover and launch their assault.
One thing shown is that is the difficulty or the impossibility of achieving real unity by merging together in a Popular Front parties and individuals who differ fundamentally in aim, outlook, and method. It was obvious in 1936 that it would be an enormous task to secure unity between long standing opponents like the Spanish Labourites, Anarchist-Syndicalists, Communists, Trotskyists, Liberal Republicans, Catholic Basque Separatists, etc. The frequent inability to secure effective and loyal co-operation, show that, even the stress of war will not make men who think differently work to a common programme. Neither in war nor revolution has anti-fascist Spain had a worse enemy than Stalinism. The Communist Party can best be summed up by the slogan "Better lose the war than allow the Revolution".
The simple truth was that at the time there never existed the basis for unity on the Republican side.
A war within capitalism could only be fought on capitalist terms. You can't have a democratic army, as the anarchists in the CNT found out. Party rivalries made it impossible to build up an efficient army. There was not one view of what kind of army to build, but three incompatible views—a revolutionary popular army like that of the French after the revolution, a "political" army like that of Russia, or a non-political army like the British. The Anarchists favoured the first, the Communists the second, and the army officers and Liberal-Republicans the third.
"Arming of the people is meaningless. The nature of military warfare is determined by the class directing it. An army fighting in defence of a bourgeois state, even if it should be antifascist, is an army in the service of capitalism . . . War between a fascist state and an antifascist state is not a revolutionary class war. The proletariat's intervention on one side is an indication that it has already been defeated. Insuperable technical and professional inferiority on the part of the popular or militia-based army was implicit in military struggle on a military front" - Agustin Guillamon, Friends of Durruti.
If you have an overwhelming majority, you don't need any army anyway. No amount of oppression can be made to work against it, as the Communist Party found out in Moscow in 1989. But that overwhelming majority has to know what it is about. And that is what the Friends of Durruti concluded:
"What happened was what had to happen. The CNT was utterly devoid of revolutionary theory. We did not have a concrete programme. We had no idea where we were going . . . By not knowing what to do we handed the revolution on a platter to the bourgeoisie and the Communists who support the farce of yesterday."
Murray Bookchin also writes "Not only did the CNT lack the support of a majority of the Spanish people, they argued, but it lacked the support of the majority of the Spanish working class. Anarchosyndicalists were a minority within a minority. Even within the CNT membership, a large number of workers and peasants shared only a nominal allegiance to libertarian ideals. They were members of the CNT because the union was strong in their localities and work places. If these people, and the Spaniards generally, were not educated in Anarchist principles, warned the moderates, the revolution would simply degenerate into an abhorrent dictatorship of ideologues." - Spanish Anarchists.
The International Brigades to this day hold a place of honour for many, who revere them as defenders of democracy and anti-fascists leading the way in a war that could have stopped fascism before the great slaughter of world war two. Many died, bravely; and their defence of Madrid reads like something from an epic poem. Their enthusiasm was not enough to actually save political democracy in Spain. Heroism is not enough, although there was plenty of that. We, in the Socialist Party, nevertheless, hold that it was not in the best interests of the socialist movement, or democracy, or of the conditions of the workers, to participate in wars such as the Spanish Civil, taking into account the consequences of these wars, participation could not be justified either by the hope of achieving socialism, the safeguarding of democracy or the improvement in the conditions of the working class. We could make the World Socialist Movement very much more popular by not constantly challenging popular working class thinking. We could adopt popular concerns as or own and jump on any number of bandwagons. We could quickly grow in numbers by lying and deceiving our fellow workers. But it almost goes without saying that by doing so we would abandon the struggle for socialism.
The "anarchist revolution" was first stopped by the Republican government with the Stalinist "Communists" in the lead and then savagely crushed by the Franco fascists. The losers, as always, were the common people, pawns in a struggle between power brokers. Those who weren't killed were crammed into Franco's concentration camps, penal labour battalions, or settled down to a hungry future. The country swarmed with 57 varieties of police. The Spanish Civil War cost 600,000 lives, ended with a Franco victory in March 1939, and the fascist dictatorship lasted until his death in 1975. Rubble doesn't make a good basis for building socialism.
Monday, February 27, 2012
The World Bank
The World Bank was established in 1944 to promote economic development and virtually every country is now a member. This spring the bank's 187 member countries choose a new president to succeed Robert Zoellick, whose term ends in July.
Until now, the unwritten rule has been that the US government simply designates each new president: all 11 have been Americans, and not one has been an expert in economic development, the bank's core responsibility, or had a career in fighting poverty or promoting environmental sustainability. Instead, the US has selected Wall Street bankers and politicians, presumably to ensure that the bank's policies are suitably friendly to US interests. US officials have traditionally viewed the World Bank as an extension of US foreign policy and commercial interests. With the bank just two blocks away from the White House on Pennsylvania Avenue, it has been all too easy for the US to dominate the institution.
For too long, its leadership has imposed US concepts that are often utterly inappropriate for the poorest countries and their poorest people. It completely fumbled the exploding pandemics of AIDS, tuberculosis and malaria during the 1990's, failing to get help to where it was needed to save millions of lives. Even worse, the bank advocated user fees and "cost recovery" for health services, thereby putting life-saving health care beyond the reach of the poorest of the poor - precisely those most in need of it. In 2000, at the Durban AIDS Summit, [it was] recommended a new "Global Fund" to fight these diseases, precisely on the grounds that the World Bank was not doing its job. The Global Fund to Fight AIDS, TB, and Malaria emerged, and has since saved millions of lives, with malaria deaths in Africa alone falling by at least 30 per cent.
http://www.thenational.ae/thenationalconversation/industry-insights/economics/resource-wars-and-other-crises-await-if-global-cooperation-fails
Friday, February 24, 2012
A GREEN AND PLEASANT LAND?
COMIC BOOK CAPITALISM
Heart care 'more likely for rich'
An estimated 182,000 people in Scotland have coronary heart disease (CHD), around 3.3% of the population. Rates of heart disease in Scotland remain the highest in Western Europe, despite new cases falling by nearly a third in the last 10 years.
There is evidence that rich people are more likely to receive NHS treatment for heart disease than poor people, according to the public spending watchdog.
In some more deprived areas around 25% of men over 75 have CHD but, according to Audit Scotland, people in deprived communities "are not always getting the same level of treatment as the rest of the population"
Thursday, February 23, 2012
A WONDERFUL TOWN?
Targetting the vulnerable
CAS says 115,000 Scots will lose out on sickness benefits over the next three years. Of these, 36,000 will only be eligible for Jobseeker's Allowance. They will face a drop in income of at least £27 a week, and will have to seek work. Another 65,000 will drop out of the benefits system altogether – either because it is deemed a partner can support them, or because they have not paid sufficient contributions having been out of work for a lengthy period. This group faces a loss of at least £99 a week.
22,500 people in Glasgow will lose entitlement to a total of £73.7 million, with 19,600 told they are not eligible for Employment and Support Allowance. Meanwhile, in West Dunbartonshire, 2800 people will lose entitlement, saving the Government £9.1m, but will be plunged into an employment hunt in an area where there are 20.6 people looking for every post advertised through a Jobcentre.
CAS says the only way for people to replace the income they will lose under the scheme is to find a job, but Ms McPhee, CAS Head of Policy, said this was unrealistic. "With unemployment at a 16-year high, the economy struggling to grow, and former sickness benefit claimants facing discrimination from employers, many of these people will struggle to find a job."
Scottish independence?
The tycoon's staff, based at Trump Towers in New York, are to work on a daily basis with Communities Against Turbines Scotland (Cats). Trump is also sending his executive vice-president and legal counsel, George Sorial, to an anti-wind farm meeting to be held by the group in St Andrews, Fife, next Thursday. Sorial said the billionaire would use all of the resources at his disposal to do "whatever it takes" to prevent Scotland being "encircled by these monstrous turbines". He went on to state "We have agreed to provide financial support to Cats. We have agreed to assist them with marketing and PR. We have agreed to provide them with staff, with some of our team at our New York office working with them on a daily basis."Nothing to do with Trump's £750 million Balmedie golf resort, of course.
Work on the hotel has stopped while there is still a chance the offshore wind farm will be approved. Sorial added: "No sane developer would build a hotel that looks into what is essentially an industrial plant. Until this issue is resolved, as much as we would like to build the hotel, we will not."
http://www.heraldscotland.com/news/home-news/trump-to-bankroll-scots-wind-farm-war.16833920
Wednesday, February 22, 2012
THE REAL WORLD
Tuesday, February 21, 2012
A DISASTROUS SYSTEM
you are being watched
Fife has the second-highest number of cameras in the UK and Aberdeen is sixth highest. Fife has 1420 cameras, which cost just under £1 million between 2007 and 2011. Aberdeen has 942 cameras, which cost £1.78m. Edinburgh City Council was the biggest spender in Scotland over the same period, amassing costs of £6.3m for just 232 cameras.
Nick Pickles, director of privacy and civil liberties at Big Brother Watch said "Britain has an out-of-control surveillance culture that is doing little to improve public safety but has made our cities the most watched in the world...There is no credible evidence that more cameras will reduce crime"
Monday, February 20, 2012
Some Sottish business news
The Scottish Retail Consortium (SRC) has reported an 8.5 per cent drop in footfall in the three months to January 2012, which included the peak Christmas period, compared with the same three months to January 2011.
http://www.scotsman.com/news/politics/troubled_times_for_shops_as_customers_fall_1_2126645
Industry confidence in the embattled construction sector took a further hit today as a major survey of employers flagged low expectations for jobs and profits. Two out of three Scottish building firms predicted publicly-funded construction activity will drop in 2012, and a third expect construction employment to fall. Most anticipate another difficult year for housebuilding within the private sector, with nine out of ten companies warning that the area would be stagnant or in decline in the next 12 months.
http://www.scotsman.com/business/construction_sector_fears_another_hard_as_nails_year_in_prospect_1_2126667
Heineken have dented hopes of better conditions for Scottish & Newcastle (S&N) pensioners after a three-year battle. Heineken, makers of Deuchars IPA, Newcastle Brown Ale and John Smiths have a refused to peg annual pension increases to inflation. A commitment to the Scottish brewer’s tradition of paying inflation-linked annual rises was made in March 2008, before the joint takeover by Heineken and Carlsberg.
http://www.scotsman.com/business/heineken_has_done_its_fair_share_on_s_n_pensions_1_2126664
Sunday, February 19, 2012
THE OLYMPIAN SPIRIT
A TALE OF TWO CITIES
Imperial Caledonia
The Act of Union was on behalf of the Scottish wealthy - a bailout. The disastrous Darien Scheme was backed by about a quarter of the money circulating in Scotland and its failure left the nobles and landowners – who had already been suffering a run of bad harvests – practically ruined. The Scottish ruling class voted to end its own parliament in Edinburgh. Did the Scottish ruling class, those "parcel of rogues", betray their country by accepting the Union? The hypothesis is only valid if we accept that those lords and merchants were somehow obliged to place "Scotland" above their own socio-economic interests. The surrender of Scottish sovereignty did not threaten the interest of them but indeed it specifically protected them. Scotland kept its own legal, church and education systems. More importantly, the Act of Union also gave the bankrupt Scottish ruling class access to the money markets of London. The Union was a very good deal for the Scottish ruling class. Most importantly, Scottish commerce got access to the growing empire that the English were carving out. Historically, the Scots were partners in the British empire, not an oppressed nation within it.
"It was not 'English capitalism' which caused the bones of countless Bengalis to bleach in the sun, but a fully integrated British capitalism in which the Scots played a leading role. Indeed, the capitalist class in Scotland was at the forefront, not only of colonial expansion, but also of the overseas investment characteristic of the imperialist stage of capitalism: during the late Victorian period Scotland invested abroad on a scale per head with no parallel among the other nations of the United Kingdom." - Neil Davidson (Scottish Imperialism and National Identity)
Today, the independence movement is again fundamentally a question of members of the capitalist class promoting their own particular self-interest.
The Scottish National Party represent the section of the Scottish elite which feels it could do better in negotiating with international financiers as a separate entity than as a part the United Kingdom. As an ex-Royal Bank of Scotland oil consultant, Alex Salmond no doubt intends cashing in Scotland's on North Sea oil reserves. Those oil and gas reserves play a large role in the opposition of the UK and unionist parties to separation. The major international oil corporations would have little problem with North Sea Oil being transferred from UK to Scottish political control, particularly if any new Scottish government was prepared to cut corporation tax even further. The SNP has been courting the oil companies, opposing both the Con-Dems’ proposed one-off windfall tax on their profits and downplaying the effects of potential oil pollution and spillage. However, North Sea oil still provides substantial tax revenues for the UK government. Therefore, any British government will strongly oppose such a move.
There exists a section of the “business community” like fund-manager Angus Tulloch and transport operator, Brian Souter, who fund the SNP, and they do so not because they want to raise Glasgow’s life expectancy from the lowest in Britain, but because they believe that Scotland’s super-rich will benefit.
The Scots are not an oppressed minority. Indeed, the idea that the Duke of Buccleuch is oppressed because he is Scottish is laughable. A worker in Glasgow or Edinburgh has more in common with his or her counterpart in Liverpool or Birmingham that he or she does with a landed Scottish aristocrat.
But even if it is likely that the Scottish working class will be promised a share of the oil revenues should they vote yes in 2014, like all politicians, Salmond will fail to make good on any pledge to increase working class living standards. And if the unionists prevail, Westminster politicians will also want to continue reaping the rewards for increased exploitation of the Scottish working class, not because they are Scottish, but because they are working class.
Many foreign corporations would quite happy if Scotland became a low tax haven as planned for by the SNP but it would probably lead to an economic "race-to-the-bottom" between the different nations and regions of the UK, with the promotion of competitive tax-cutting to benefit the corporations and the rich.
The wannabe Scottish ruling class will cooperate with the British ruling class and big business to prevent a too radical break-up of the UK and ensure that as much as possible remains of the UK state machinery by upholding the Crown Powers and protecting the City of London's economic control by retention of sterling. It leaves the Scottish ruling class in control within Scotland, but also free to profit from the existing global corporate economic order.
There was no golden age, not for the Scottish working class. Freedom is not intended for the people of Scotland, but for big business. The only independence is for corporations to maximise profits
Friday, February 17, 2012
TWO TYPES OF JUSTICE
AN OLD REALITY FOR THE ELDERLY
-
Paternalism is a common attitude among well-meaning social reformers. Stemming from the root pater, or father, paternalism implies a patria...