CAPITALISM DESTROYS

  "As with the international climate negotiations which ended in fiasco last year in Copenhagen, the biodiversity talks in Nagoya could well end in political stalemate -- as the situation in numerous ecosystems around the world gets worse and worse. Already, 20 percent of the planet's 380,000 plant species are in danger of becoming extinct, primarily due to habitat destruction caused by the world's growing population. Of 5,490 species of mammals, 1,130 are threatened and 70 percent of the world's fish population in danger from over-fishing" (Der Spiegel, 18 October) RD

$312,00 FOR A WATCH?

   "Purists prefer Patek Philippe, says Vanessa Herrera, deputy director for Sotheby's Asia watch department. Every time the auction house has a Patek in its lot, it is flagged as an auction highlight. For the Oct. 6 Sotheby's watch auction, a Patek Philippe platinum 5078P sold for 2.42 million Hong Kong dollars (US$312,000). It was "a most sought-after piece," says Ms. Herrera." (Wall Street Journal, 18 October) RD

BIG BUCKS BALLOT

  Defenders of American capitalism are fond of claiming that whatever its faults it is at least democratic. It is however a strange sort of democracy wherein money is the real dictator. Take the election campaign of Meg Whitman for the California Governorship. "With nearly two weeks to go before the election the eBay billionaire's campaign to become chief executive of California has already smashed all records. At $140 million (£89 million) it is the most expensive non-presidential campaign in American history and the deepest any candidate has ever delved to fund their campaign." (Times, 25 October). There is nothing unique in large corporations pouring millions of dollars into election campaigns, but in this case we have an individual spending a grotesque amount that represents about $8.24 for every one of California's 17 million registered voters. Her opponent has spent a "mere" $20 million! This is democracy? RD

The rich get richer

Wage freeze for many. Benefit cuts for many.

Transport tycoon Brian Souter reveals the value of his investment portfolio has risen by 41% over three years totalling £400million.

HOME OF THE BRAVE?

"The number of homes taken over by banks topped 100,000 for the first time in September, though foreclosures are expected to slow in coming months as lenders work through questionable paperwork, Banks foreclosed on 102,134 properties in September, the first single month above the century mark, RealityTrac said. There were 347,420 total foreclosure filings in September, 3 percent higher than August and 1 per cent higher than a year earlier." (Yahoo News, 14 October) RD

ARE YOU SUPRISED?

"George Osborne's claims that his spending cuts are fair have begun to unravel after the country's leading tax and spend think-tank revealed the poorest will be hit harder than the better off. In its analysis of the chancellor's spending review, the Institute for Fiscal Studies described the public spending cuts as the deepest since the second world war and said benefits would suffer the biggest squeeze since the 1970s." (Guardian. 21 October) RD

Better off?

CONSPICIOUS CONSUMPTION

"Christopher Kane's silk-embroidered cashmere jumpers could look a bit prim. But they're the coolest thing in knitwear right now. Price: £930." (Independent, 4 October) RD

SAINTS AND EMPTY TILLS

For hundreds of years the Pope ruled supreme in the Vatican and never ventured beyond its sacred environs. In recent times though less and less people are swallowing the medieval nonsense that is the doctrine of the Roman Catholic Church and he is forced to become a sort of Thomas Cook tourist. The current holy father looks like beating all records in air miles as he tries to whip up enthusiasm for a growingly unattractive organisation. He recently visited Britain and declared the prospect of sainthood for an English convert. Now concerned about falling attendances in North America he is about to canonise a Canadian doorman. "A Canadian monk who began life as a sickly, illiterate orphan before becoming a porter is to be canonised at the Vatican on Sunday. Alfred Bessette was renowned in the late 19th century as the diminutive doorman of Montreal's College of Notre Dame, whose hands were said to have powers of healing. ... He began his life at the college in 1870 as a porter. "Our superiors put me at the door, and I remained there for 40 years," he said later." (Daily Telegraph, 15 October) As an organisation that claim to have the keys to heaven they could do worse than make a doorman a saint. They have got to get those empty collection bags full somehow. RD

OUR BETTERS?

"Three peers should be suspended and repay expenses, A parliament."committee-report-on-conduct/" a House of Lords committee has recommended after investigating their claims. Baroness Uddin should be suspended until Easter 2012 and told to repay £125,349, the committee said. It also recommended Lord Paul be suspended for four months and cross bencher Lord Bhatia for eight months.Baroness Uddin has been suspended from the Labour Party and Lord Paul has resigned his party membership Lord Paul has already paid £41,982 and Lord Bhatia has paid back £27,446." (BBC News, 18 October) RD

PAY UP OR BURN DOWN

"A small rural community in western Tennessee is outraged and the fire chief is nursing a black eye after firefighters stood by and watched a mobile home burn to the ground because the homeowner hadn't paid a $75 municipal fee. South Fulton city firefighters -- equipped with trucks, hoses and other firefighting equipment -- didn't intervene to save Gene Cranick's doublewide trailer home when it caught fire last week. But they did arrive on the scene to protect the house of a neighbor, who had paid his fire subscription fee. "I just forgot to pay my $75," said Cranick. "I did it last year, the year before. ... It slipped my mind." Later that day, Cranick's son Timothy went to the fire station to complain, and punched the fire chief in the face." (AOL News, 6 October) RD

A SUICIDAL ARMY

"Specialist Aguilar was one of 20 soldiers connected to Fort Hood who are believed to have committed suicide this year. The Army has confirmed 14 of those, and is completing the official investigations of six other soldiers who appear to have taken their own lives - four of them in one week in September. The deaths have made this the worst year at the sprawling fort since the military began keeping track in 2003. The spate of suicides in Texas reflects a chilling reality: nearly 20 months after the Army began strengthening its suicide prevention program and working to remove the stigma attached to seeking psychological counseling, the suicide rate among active service members remains high and shows little sign of improvement. Through August, at least 125 active members of the Army had ended their own lives, exceeding the morbid pace of last year, when there were a record 162 suicides." (New York Times, 10 October) RD

MIND THE GAP

"The billionaire industrialist Mukesh Ambani will soon take up residence at his recently completed Mumbai abode, a £1.2 billion glass tower said to have been inspired by the Hanging Gardens of Babylon. Looking over a city where more than half the population lives in slums, it is a soaring monument to the growing chasm dividing India's rich and poor. ...For many, however, the gleaming tower will be an uncomfortable reminder that India's economic renaissance has delivered extraordinary benefits to a handful of hugely wealthy "Bollygarchs" but little to the 800 million Indians who live on not much more than £1 a day." (Times, 14 October) RD

AN INSANE SOCIETY

"Hundreds of millions of people in poor countries suffer from untreated mental health disorders that could be helped with inexpensive care, the World Health Organization (WHO) said on Thursday. The United Nations agency launched guidelines for primary care doctors and nurses to treat patients debilitated by depression and psychosis as well as neurological ailments including epilepsy, Alzheimer's disease and other dementias." (Yahoo News, 7 October) RD

COLD AND SKINT

"The number of households struggling to afford to stay warm has more than doubled in the past six years according to official figures. An extra 2.5 million homes have gone into fuel poverty since 2004, a report by the Department of Energy and Climate Change said. Homes are defined as living in fuel poverty if they have to spend more than 10 per cent of their income to maintain a minimum temperature of 21C in their main living area." (Times, 15 October) RD

DOLLARS AND DEMOCRACY

One of the illusions that supporters of capitalism like to boast of is the notion that whatever the failings of the profit system at least it is thoroughly democratic. This is a complete fabrication as by the expenditure of million of dollars, euros and yen the owning class completely distort any pretence to democracy that capitalism may possess. A recent example of this manipulation by the power of money has emerged in the USA.

 "It likes to present itself as a grassroots insurgency made up of hundreds of local groups intent on toppling the Washington elite. But the Tea Party movement, which is threatening to cause an upset in next month's midterm elections, would not be where it is today without the backing of that most traditional of US political supporters - Big Oil. The billionaire brothers who own Koch Industries, a private company with 70,000 employees and annual revenues of $100bn (£62bn), used to joke that they controlled the biggest company nobody had ever heard of. Not any more. After decades during which their fortune grew exponentially and they channelled millions of dollars to rightwing causes, Charles and David Koch are finally getting noticed for their part in the extraordinary growth of the Tea Party movement. The two, 74-year-old Charles and David, 70, have invested widely in the outcome of the 2 November elections. One Koch subsidiary has pumped $1m into the campaign to repeal California's global warming law, according to state records." (Guardian, 14 October) Like Bob Dylan once wrote - "Money doesn't talk, it swears." RD

REFORM FAILS AGAIN

"West Africa's cocoa industry is still trafficking children and using forced child labour despite nearly a decade of efforts to eliminate the practices, according to an independent audit published by Tulane University. A U.S.-sponsored solution called the Harkin-Engel Protocol was signed in 2001 by cocoa industry members to identify and eliminate cocoa grown using forced child labour. A child-labour-free certification process was supposed to cover 50 per cent of cocoa growing regions in West Africa by 2005 and 100 per cent by the end of 2010. But independent auditors at Tulane University's Payson Center for International Development said in a late September report that efforts have not even come close to these targets." (Globe and Mail, 8 October) RD

GRIM PROSPECTS

"A million people are expected to lose their jobs in the next four years as a result of the Government's decision to cut public spending by £83 billion, according to a report out today. Nearly 500,000 jobs are likely to be cut in the private sector as the Government stops building schools, hospitals and roads and cancels other contracts. This is on top of about 500,000 job losses in the public sector as employers reduce budgets by about a third and lay off civil servants, town hall staff, nurses, teachers and police officers." (Times, 13 October) RD

HUNGER INCREASES

"U.N. food agencies said Wednesday that 166 million people in 22 countries suffer chronic hunger or difficulty finding enough to eat as a result of what they called protracted food crises. Wars, natural disasters and poor government institutions have contributed to a continuous state of undernourishment in some 22 nations, including Afghanistan, Haiti, Iraq, Somalia and Sudan, the Food and Agriculture Operation and the World Food Program said in a new report." (Associated Press, 6 October) RD

THIS IS PROGRESS?

When the Socialist Party of Great Britain was formed away back in 1904 we were told by reformers in the Liberal Party and later the Labour Party that by a series of reforms capitalism could be made more fair and that the inequalities between the classes could be eradicated by a programme of reformist legislation. More than a hundred years of such legislation has led to what? According to a survey produced by the Equalities and Human Rights Commission set up in 2007 to produce a three yearly report on the "state of the nation", it has led to abject failure. "Today's report How Fair Is Britain?, shows that health inequalities remain stark between rich and poor, with men and women from the highest income groups living seven years longer on average than the lower." (Times, 11 October) All the ingenuity of the reformers has merely led to the continuation of the same stinking inequalities of capitalism. RD