Friday, May 16, 2008

PROFIT AND LOSS

A shocking example of capitalism's priorities was recently revealed.
"There is growing concern that the Health and Safety Executive is failing at its job as it struggles with a growing number of workplace deaths. The HSE has reduced the number of its inspectors by around 25 per cent in five years from 916 to 680. Firms on average face an HSE inspection just once every 14.5 years. ... Last year 77 construction workers died, up from 60 in 2006." (Observer, 11 May)
Last year the HSE under spent its budget by £12 million, so from the standpoint of profit and loss what are 77 grieving families? RD

CHRISTIAN DECLINE

"Church attendance in Britain is declining so fast that the number of regular churchgoers will be fewer than those attending mosques within a generation, research published today suggests. The fall - from four million people who attend church at least once a month today - means that the Church of England, Catholicism and other denominations will become financially unviable. ... According to Religious Trends, a comprehensive statistical analysis of religious trends in Britain, published by Christian Research ..." (Times, 8 May) RD

Thursday, May 15, 2008

UNEXPECTED PRAISE

Socialist are used to journalists parodying the works of Karl Marx and extolling the virtues of capitalism so it comes as a pleasant surprise to read Simon Caulkin, the Management Editor in the Business and Media section of the Observer having something worthwhile to say on the subject.
"Along with creeping monopolies, growing inequalities and the all-absorbing momentum of the capitalist markets, Marx foresaw many of the effects of globalisation, which he called "the universal interdependence of nations", not least the effect of an international "reserve army of the unemployed" in disciplining and depressing the wages of workers in the developed economies. His description of the "cash nexus" foreshadowed the economic rationality at the centre of today's mainstream economic and management theories." (Observer, 11 May) RD

PRIMITIVE ACCUMULATION

"In the semi-arid forests of the Chaco region of Paraguay, where summer temperatures top 40C (104F), the continent's last non contacted Indians outside of the Amazon basin are on the run, their traditional forest home increasingly encroached upon by ranchers. ... These formerly nomadic tribes’ people struggle to maintain a semblance of their traditional way of life in camps on the edge of the agricultural colonies that invaded their territory." (Times, 6 May)
This process called by Karl Marx the so-called primitive accumulation of capital was dealt with him in his Das Kapital (1867), mirrors what had happened in Europe at the beginning of capitalism. "In actual history it is notorious that conquest, murder, briefly force, play the great part ...As a matter of fact, the methods of primitive accumulation are anything but idyllic." (Page 668) A view echoed by one of the Indians in the Times - "The whites are violent. They just want land. We are afraid of them, they are very aggressive." RD

Wednesday, May 14, 2008

A WARMONGER SPEAKS

"John Bolton, America’s ex-ambassador to the United Nations, has called for US air strikes on Iranian camps where insurgents are trained for war in Iraq. Mr. Bolton said that striking Iran would represent a major step towards victory in Iraq. While he acknowledged that the risk of a hostile Iranian response harming American’s overseas interests existed, he said the damage inflicted by Tehran would be “far higher” if Washington took no action. “This is a case where the use of military force against a training camp to show the Iranians we’re not going to tolerate this is really the most prudent thing to do,” he said. “Then the ball would be in Iran’s court to draw the appropriate lesson to stop harming our troops.” Mr Bolton, an influential former member of President George W Bush’s inner circle, dismissed as “dead wrong” reported British intelligence conclusions that the US military had overstated the support that Iran was providing to Iraqi fighters." (Daily Telegraph, 6 May) RD

Tuesday, May 13, 2008

THE NUTTY PROFESSOR

"Marxist historian, Professor Eric Hobsbawm, 90, tells the Morning Star, the comrade's bugle, that Communism is finished because "the industrial working class" isn't interested any more. But Communism is flourishing in China where it takes the form of state capitalism."
(Daily Mail, 1 May) RD

AN UPPER CLASS TWIT

On Henry Conway, 25 year-old son of disgraced MP Derek Conway: "We might reasonably have hoped that, having being exposed as receiving £32,000 in parliamentary allowances while an undergraduate at Cambridge, he might have felt chastened and laid low. The more naive among us might even have hoped he would get a proper job, with a view to paying back some of the taxpayer's money. But, no. Last month Conway - who once threw a party called "F*** off I'm rich" - arrived at Mahiki, a naff London cocktail bar favoured by Prince William and Harry, in a horse-drawn carriage and dressed as a Regency dandy." (Times, 8 May) RD

CRISIS! WHAT CRISIS?

"Auction houses Sotheby's and Christie’s are confident of selling up to $1.8bn of Impressionist, postwar and contemporary artworks during the New York season beginning on Monday– 25 per cent more than last year – in spite of signs of nervousness among collectors." (Financial Times, 9 May) RD

Monday, May 12, 2008

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

Sunday, May 11, 2008

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

Saturday, May 10, 2008

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

Friday, May 09, 2008

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

Thursday, May 08, 2008

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

Wednesday, May 07, 2008

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

Tuesday, May 06, 2008

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