BUSINESS AS USUAL

"Burma is still exporting rice even as it tries to curb the influx of international donations of food bound for the starving surviviors of the cyclone that killed up to 116,000 people. Sacks of rice destined for Bangladesh were being loaded on to a ship at the Thilawa container port at the mouth of the Yangon River at the end of last week, even though Burma's "rice bowl" region was devastated by the deadly storm a week ago. The Burmese regime, which has a monopoly on the country's rice exports, said it planned to meet all its contractual commitments."
(Observer, 11 May)
Inside capitalism business is business, and the fact that millions of Burmese risk death by starvation is of no concern. That is how capitalism operates, during the Irish potato famines foodstuffs were still being exported from Ireland. RD

THE KILLER SYSTEM

Supporters of capitalism claim that it is the most efficient way to run society, but that is a claim that rings hollow to millions of hungry people today, as even one of capitalism's stoutest supporters is forced to admit. "Giant agribusinesses are enjoying soaring earnings and profits out of the world food crisis which is driving millions of people towards starvation,
The Independent on Sunday can reveal. And speculation is helping to drive the prices of basic foodstuffs out of the reach of the hungry." (4 May) RD

WORDS OF WISDOM

"What's more, the genomes of complex creatures reveal a lack of any intelligence or foresight. Your DNA consists largely of millions of defunct copies of parasitic DNA. The inescapable conclusion is that if life was designed, the designer was lazy, stupid and cruel." (New Scientist, 19 April 2008) RD

RELIGIOUS CANT

"The Archbishop of Westminster has urged Christians to treat atheists and agnostics with "deep esteem". Believers may be partly responsible for the decline in faith by losing sense of the mystery and treating God as a "fact in the world", he said in a lecture. Cardinal Cormac Murphy-O'Connor called for more understanding and appreciation between believers and non-believers. The leader of Roman Catholics in England and Wales said that a "hidden God" was active in everyone's life." (BBC News, 8 May)
This hidden god may well be evident to the well fed Archbishop but he remains well hidden to the millions of starving children throughout the world. RD

THINGS CAN ONLY GET BETTER?

"The number of homeowners facing repossession orders after failing to keep up with mortgage payments is up, says the Ministry of Justice. It says the number of orders made by the courts in England and Wales at an early stage of the repossession process rose 17% in the first quarter of 2008. There were 27,530 orders made, up from 23,438 in the same period of 2007."
(BBC News, 9 May) RD

A DEPRESSING SOCIETY

"Depression symptoms could be a problem for large numbers of teenagers, suggest surveys for the Children's Society. More than a quarter of 14 to 16-year-olds questioned said that they frequently felt depressed. A leading child psychiatrist said more support, and resources, for parents were essential to tackle the problem. (BBC News, 24 April) RD

DIGNITY? NO WAY

"Eight out of 10 nurses say they have left work distressed because they have been unable to treat patients with the dignity they deserve, a poll suggests. The Royal College of Nursing (RCN) poll of more than 2,000 UK nurses cited washing and privacy as key issues." (BBC News, 27 April)
The NHS is provided for members of the working class. They are the class that produce all the wealth of the world but being poor can ill afford the best of housing, food or even medical care. Dignity for the only worthwhile class in society is a foreign concept. RD

WORDS OF WISDOM

"Global food price rises are leading to "silent mass murder" and commodities markets have brought "horror" to the world, the United Nations' food envoy told an Austrian newspaper on Sunday. Jean Ziegler, UN special rapporteur on the right to food, told Kurier am Sonntag that growth in biofuels, speculation on commodities markets and European Union export subsidies mean the West is responsible for mass starvation in poorer countries. Ziegler said he was bound to highlight the "madness" of people who think that hunger is down to fate. "Hunger has not been down to fate for a long time -- just as (Karl) Marx thought. It is rather that a murder is behind every victim. This is silent mass murder," he said in an interview. Ziegler blamed globalization for "monopolizing the riches of the earth" and said multinationals were responsible for a type of "structural violence." "And we have a herd of market traders, speculators and financial bandits who have turned wild and constructed a world of inequality and horror. We have to put a stop to this," he said." (Yahoo News, 20 April) RD

KNOCKING SHOPS KNOCKED BACK

"Deutsche Bank, Germany's largest, has been hit by the global credit crunch so badly that it has issued a memorandum to senior executives telling them that brothel visits and adult channels in hotel rooms cannot be claimed on expenses. ...A Deutsche Bank insider said: "In the good old days, you could pass off a trip to a knocking-shop as a restaurant if the name wasn't too obvious. But we're in an uptight, locked-down new Puritanism now, not helped by sub-prime or VW." (Independent, 23 April) RD

THE HORRORS OF CAPITALISM

"The Australian government has launched an investigation into claims that aboriginal children seized from their parents during the 1920s and 1930s were secretly used as guinea pigs for leprosy treatments. The allegations surfaced at a Senate inquiry this week into plans to compensate the "stolen generation" of aboriginal Australians who were taken from their families as part of a government programme. "As well as being taken away, they were used... There are a lot of things that Australia does not know about," Kathleen Mills, a member of the Stolen Generations Alliance and an indigenous elder, told the hearing. Ms Mills said children held at a compound in Darwin were injected with serums designed to be used in the treatment of leprosy – a practice which seriously damaged their health. Her uncle, who worked there as a medical orderly, had told her about the sinister goings-on." (Independent, 20 April) RD

CRISIS? WHAT CRISIS?

"Walking around the Salon International De La Haute Horlogerie, the annual luxury-watch trade fair in Geneva, Switzerland, it is difficult to get much of a sense of the impending disaster that stalks the world's financial markets. On the first day I was shown a baguette-set tourbillon wristwatch made by Jaeger-LeCoultre, retailing for €409,840; three orders had been taken before lunch—and the fair hadn't even officially opened yet. Across the country, at Switzerland's other, older watch fair in Basel, Jean-Claude Biver, the effervescent boss of the newly resurgent sports brand Hublot, told me he took orders for €159.4 millions' worth of watches, compared with €81.9 million at last year's fair. If anything, the problem that many brands have encountered is managing to deliver all the watches for which they have taken orders." (Newsweek, 12 April) RD

MORE PROFIT MEANS MORE HUNGER

"This year global production of biofuels will consume almost 100 million tons of grain – grain that could have been used to feed the starving. According to the UN, it takes 232kg of corn to fill a 50-litre car tank with ethanol – enough to feed a child for a year. The UN last week predicted "massacres" unless the biofuel policy is halted. Jean Ziegler, the UN's special rapporteur on the right to food, said biofuels were "a crime against humanity", and called for a five-year moratorium." (Independent, 16 April)
The UN can issue all sorts of pious resolutions, but if is more profitable to produce bio-fuels than food, then that is what capitalism will do. RD

THE DISTORTION OF SCIENCE

Producers of genetically modified foodstuffs often claim that it is the answer to world food shortages but recent research suggest otherwise.
"Genetic modification actually cuts the productivity of crops, an authoritative new study shows, undermining, repeated claims that a switch to the controversial technology is needed to solve the growing world food crisis. The study – carried out over the past three years at the University of Kansas in the US grain belt – has found that GM soya produces about 10 per cent less food than its conventional equivalent, contradicting assertions by advocates of the technology that it increases yields. ...The new study confirms earlier research at the University of Nebraska, which found that another Monsanto GM soya produced 6 per cent less than its closest conventional relative, and 11 per cent less than the best non-GM soya available." (Independent, 20 April)
Despite the claims of capitalist firms like Monsanto, GM crops are not the answer. Why do they make such claims? To them profits is the main consideration, not science. RD

100 YEARS OF POVERTY

The columnist Richard Morrison on pensions "The old-age pension is 100 years old. When Asquith introduced it in 1908, it was five shillings a week - a sum that was regarded as shamefully low by progressives in his party. But if even that paltry figure had kept pace with the growth in Britain's GDP, the state pension should now be £161 a week. The actual figure? £90.70p. Some progress." (Times, 30 April) RD

Indian wealth

According to the BBC , UK developers are heading to India in search of wealthy new customers for their luxury flats. But why would anyone invest in London's wobbly property markets? Because the super-rich still have plenty of cash to spend.

One of the world's most expensive homes is currently being built in Mumbai for Reliance head Mukesh Ambani. His personal skyscraper will boast six storeys just for parking cars, and is expected to cost nearly $2 billion by the time it is complete.

Nick Candy, one half of the design and development firm Candy & Candy, is in Mumbai to drum up interest for his own super-luxury project, One Hyde Park. The central London project is offering apartments - to the right kind of customer - for an average of £20m. Mr Candy is a man used to dealing with the fabulously rich. But he says, "I'm flabbergasted by the amount of wealth in India. It's staggering."
Candy & Candy specialises in strictly top-end property. Its customer base is a roll-call of the super rich: royals, entrepreneurs, private company bosses. It's now looking to open an office in India. India now has more billionaires than any other country in Asia - 36 at the last count. Together they are worth nearly $200bn. India's top three richest people are all successful businessmen, but have made their money in old-economy industries, such as oil and property.
And while they have thrived in India's new economy, they have all built their wealth on fortunes inherited from their parents.

Many of those super-rich are now keen to invest their wealth around the globe. But why would Indian investors want to put money into London's property market now the boom is over?
"It's going to be very tough in America, and I think the UK will probably mirror it six months later," admits Mr Candy. But, he says, this applies only to properties under £2m where buyers need to borrow the money. There, you can expect "serious reductions in prices", according to Mr Candy - "and you're looking at a lot more than 10%." For top-end property - costing more than £5m - he thinks prices will be stable. There are not many people who can afford that level of luxury - and in London, there are still very few properties for them to buy.

Besides, says Mr Candy, "they've still got huge amounts of wealth. Maybe it's come down from $1bn to $500m - or if they've been very unlucky, it's $50m. But it's still huge amounts of wealth."

And of course they are the economic migrants that the government want .

Blair's Riches

Tony Blair have bought a £4 million stately home that once belonged to the late Sir John Gielgud, it was reported . The Grade 1 listed mansion in Wotton Underwood, Buckinghamshire, has seven bedrooms, a drawing room, ornamental gardens and two paddocks. The house, South Pavilion, built in 1704, is said to have been snapped up by the Blairs before being put on the open market. It has undergone extensive renovation since it was Gielgud's home and now includes a four-bedroom converted outbuilding.

The Blairs' property portfolio already includes two houses in London, two flats in Bristol and a home at Trimdon Colliery, Co Durham, in his former constituency.

Seems as if he has no problem with the credit crunch that his pay-masters in the banking world created .

tails we win , heads you lose

Before it was rising house prices that left workers unable to get a foot on the housing ladder , now its the refusal of mortgages .

It is reported that Building Societies are now only lending to one in 10 would-be homeowners, compared with a traditional level of almost one in five. A 68% decline means that building societies are scaling back lending as a result of the credit crunch even more severely than major mortgage bank rivals, such as Halifax and Cheltenham & Gloucester.

And for those workers lucky to have a house , prices in the UK are dropping by almost £500 every week . The Halifax said the average home price has fallen £8,136 since the start of the year reaching £189,027 - a fall of £479 a week. Two other surveys - from the Nationwide and Hometrack - also said it was the first time since the mid-1990s that house prices were down year-on-year.

Seema Shah, economist at Capital Economics, said: "The last time we saw two such large falls in consecutive months was during the depths of the housing market crash of the early 1990s, and even those falls fell short of the declines seen in the past two months...With the economy and labour market set to weaken further, our forecast for a 20% fall in house prices by end-2009 is firmly on track,"

Under capitalism , workers just can't win

SOMETHING SMELLS HERE

"To the small town of San Giovanni Rotondo, in Southern Italy, they came in their thousands - devotees of St Pio of Pietrelcina, better known as Padre Pio, whose remains went on display to the public for the first time since his death 40 years ago. ... Padre Pio, was born in 1887 and died in 1968, is Catholicism's most widely and fervently worshipped saint. During his lifetime he was believed to have borne the stigmata - the wounds of the crucified Jesus - on his body, to have performed many miracles of healing, to have had the capacity of being in two places at the same time and to have emitted a strong aroma of wild flowers."
(Times, 25 April) RD

LABOUR RE-DISTRIBUTES WEALTH!

"The fortunes of Britain's richest 1,000 have risen by £53 billion, almost 15 per cent, in the last year. Their wealth has quadrupled from £99 billion to £412.8 billion since Labour came to power in 1997." (Times, 28 April) RD

Mayday Rallies

SPGB members and sympathisers will be out and about at the Mayday rallies in Edinburgh and Glasgow this coming weekend, distributing Socialist Standards and leaflets .

Details of Saturday's Edinburgh Mayday Rally here

Details of Sunday's Glasgow Mayday Rally here

Mayday belongs to the workers – we have a world to win, and we can win it.