VICTIMS OF THE DOWNTURN

Much is made of the hardships suffered by bankers and investors in the recent economic downturn, but the real sufferers are of course the working class. "But the real victims of the financial collapse in the US state of Alabama's most populous county are its poorest residents - forced to bathe in bottled water and use portable toilets after being cut off from the mains supply. And there is widespread anger in Jefferson County that swingeing sewerage rate hikes could have been avoided but for the greed, corruption and incompetence of local politicians." (BBC News, 14 December) Some investors may have had to cut back on their consumption of champagne but they still have plenty of water to drink and can still go to the john! RD

No housing crisis for some

Dick Place in the Grange area of Edinburgh is Scotland's most expensive residential street, according to data.

The average price of a property was estimated at just over £1.5m. A total of 13 of the 20 most expensive streets named were located in Edinburgh. Some of the other most expensive addresses in the capital were Ann Street, with an average property price of £1,188,000, and Kinellan Road (£992,000).

The next most expensive streets were in the west of Aberdeen - Rubislaw Den South (£1,430,000) and Rubislaw Den North (£1,190,000).

The Glasgow area's most expensive streets were Burnside Road (£974,000) in the Whitecraigs area of East Renfrewshire and Bowmore Crescent (£908,000) in Thorntonhall, South Lanarkshire.

Outside Scotland's three major cities, the most expensive homes were on Queens Crescent in Auchterarder, Perthshire, with an average sale price of nearly £1.2m.

HAPPY HOLIDAYS

We are now at that time of the year when many workers are hunting through glossy holiday brochures for an escape for a couple of weeks in the sun. No such search is necessary for members of the owning class as a recent court case shows. "An armed gang stole the Dubai Royal Family's £2 million holiday spending money as it was being loaded into a car boot, a court heard. The money, in £50 bundles in two suitcases which each contained £1 million, was being placed into the boot outside the Emirates Bank in Knightsbridge, West London, when the armed robbers struck on June 24, jurors were told." (Daily Mail, 13 December) It looks as though the accused will be having a far from pleasant holiday at her majesty's pleasure unlike the Dubai Royals with their £2 million spending money. Like all members of the owning class their lives are one long holiday. RD

dirty air

People living and working in Scotland’s major cities are being exposed to “dangerous” levels of air pollution, figures have revealed.

Analysis of Scottish Air Quality data from 2011 showed levels of nitrogen dioxide (NO2) in parts of Aberdeen, Dundee, Edinburgh, Glasgow and Perth were in breach of European Union targets of 40 micrograms per cubic metre of air designed to protect health. The average life expectancy in the most polluted cities in Europe is reduced by more than two years, EU chiefs have estimated.

“As a result of a complacent approach, thousands of people are exposed to dangerous levels of air pollution in Scotland’s major cities..." Dr Dan Barlow, WWF Scotland head of policy said

FAMILY PROBLEMS

Many working class families face problems today with youth unemployment at its highest for years, but even the mega-rich have their problems. "Billionaire Bernie Ecclestone has accused his daughters of squandering the money he set aside to provide for his future grandchildren. The Formula 1 boss said he had put £3 billion in a trust fund for his glamorous daughters Tamara, 27, and Petra, 22, to invest in property . But he has now expressed his exasperation that the money has instead been used to fund Petra's lavish £12 million wedding earlier this year, and to renovate both girls' luxury mansions to cater to their whimsical, indulgent tastes." (Daily Mail, 12 December) RD

There are bankers and then there are bank staff

While investment bankers collect hundreds of thousands of pounds each year in salary and bonuses, front-line branch staff are more modestly paid, with starting salaries typically around £14,000 a year.

One Lloyds insider said: “It’s always the people on the ground who suffer. You could earn more working in Asda..."

Cashiers at the high street lender earn commission by referring clients to sales staff, who talk them through the options for mortgages, savings accounts and other products. But the bank has not only cut the commission from £2 to 60 pence as part of a clampdown on costs, and it has increased the target for each cashier from 72 referrals every three months to 77.

Celebrating Christ Mass

According to the New American Stndard Bible Jesus says in Matthew 10 Verse 34

“Do not think that I came to bring peace on Earth; I did not come to bring peace, but a sword. For I came to set a man against his father, and a daughter against her mother, and a daughter-in-law against her mother-in-law; and a man’s enemies will be the members of his household. He who loves father or mother more than Me is not worthy of Me; and he who loves son or daughter more than Me is not worthy of Me."

Merry Marxmas

KARL'S QUOTES

On surplus-value coming free to the capitalist,

"The circulation mechanism, however, has shown if the capitalist class casts money into circulation to be spent as revenue, it withdraws this same money again from circulation, and so the same process can always begin anew; considered as a capitalist class, therefore, it remains now as before in possession of this sum of money needed for the realization of its surplus-value. If the capitalist not only withdraws surplus-value from the commodity market in the form of commodities for his consumption fund, but at the same time the money with which he buys these commodities flows back to him, he has evidently withdrawn the commodities from circulation without an equivalent. They cost him nothing, even though he pays for them with money. If I buy commodities for one pound sterling, and the seller of these commodities gives me back my one pound in exchange for a surplus product that costs me nothing, then I have obviously received the commodities for nothing. The constant repetition of this operation, in no way alters the fact that I constantly withdraw commodities and constantly remain in possession of the one pound, even though I part with it temporarily in order to obtain these commodities. The capitalist constantly receives this money back as the realization of surplus-value that cost him nothing."

(Capital, Volume II, pp550/551, Penguin Classics edition).

CALIFORNIAN NIGHTMARE

"With the prospect of 305,400 Californians losing unemployment insurance on Dec. 31, local labor unions and unemployed workers held a candlelight vigil Thursday to urge Congress to extend their benefits. Federal unemployment insurance, which currently adds up to 73 weeks of benefits once state coverage runs out, is set to expire for more than two million Americans at the end of the year. "Without it, it almost puts me in the street," said unemployed iron worker Doug Von Mauw." (San Diego 6 News, 8 December) RD

ALLEY CAT MORALITY

There are many reasons to be a socialist and one of the most powerful is the insanity and cruelty of capitalism. It is doubtful if you could find a better example of social madness than this. "A black cat in Italy has lived up to its reputation for good luck after inheriting 10 million euros (£8.5 million) from his adoptive owner, a widowed heiress. Four-year-old Tommaso, who was saved from a hardscrabble existence on the mean streets of Rome, as a kitten, is now the proud owner of cash, shares and a property empire which includes flats and houses in Rome and Milan and land in Calabria." (Daily Telegraph, 10 December) While millions strive to survive on $1.25 a day we have millionaire pussycats. Capitalism has a strange set of moral standards. RD

Housing Shortage?

Bank of Scotland research suggested about 105,000 homes in Scotland were not being used. This meant about one in 25 houses was empty.

Kristen Hubert, from Shelter Scotland, said: "The 100,000 figure used by the Bank of Scotland includes property that is only empty for a brief period, between tenants or owners. What is really important is those which are empty for longer, and that problem is really in the private sector."

Shelter Scotland claimed there were 23,000 privately-owned empty homes.

LAND OF THE FREE?

"Does America joyously lead the world in something? Yes, but 'tis not a joy, but the sad fact that the United States of America is a leader in incarceration. There are about 2.3 million people behind bars - one of every 100 citizens. The prison population has more than doubled over the past 15 years. America has several times the number in jails of other countries: four times Israel, six times Canada or China, eight times Germany, and 13 times more than Japan. America, with a bit more than 4% of the world's population, accounts for one-fourth of the world's prisons and has more inmates than the leading 35 European countries combined." (Oklahoma Observer, 7 December) RD

A MAD, MAD WORLD

We are often told that the wages and prices society is the only possible way to run the world and that the incentive of money is the most logical solution to all social problems. Try telling that to this family. "A Tennessee couple helplessly watched their home burn to the ground, along with all of their possessions, because they did not pay a $75 annual fee to the local fire department. Vicky Bell told the NBC affiliate WPSD-TV that she called 911 when her mobile home in ObionCounty caught fire. Firefighters arrived on the scene but as the fire raged, they simply stood by and did nothing. ...South Fulton Mayor David Crocker defended the fire department, saying that if firefighters responded to non-subscribers, no one would have an incentive to pay the fee." (Yahoo News, 6 December) RD

MIND THE GAP

Supporters of capitalism often claim that while capitalism is not perfect at least it is improving and its worst inequalities are lessening. How do they explain this report then we wonder. "The pay gap between the highest and lowest earners in the UK has grown more quickly than in any other high-income country since 1975, a report has said. Research by the Organisation for Economic Co-operation and Development (OECD) found the sharp increase in income inequality, which began in 2005, leaves Britain well above the group's average. ....Data showed the money earned by the country's top 1% of earners doubled from 7.1% of the total UK income in 1970 to 14.3% in 2005." (Huffington Post, 5 December) In 35 years the top "earners" have doubled their loot. RD

PROFIT AT ANY COST

There is no limit to the efforts capitalist firms will go to in order to capture a bigger slice of the market. Here is a particularly nasty example of this competition. "Unhealthy food is being "shamelessly" promoted to children online to get around bans on television adverts, campaigners have claimed. The British Heart Foundation cited websites by Cadbury's and Nestle as examples of "cynical marketing". Sites used childish language, games and free gifts to appeal to children, according to the report." (BBC News, 18 December) RD

A WONDERFUL TOWN?

At a time when many New Yorkers are facing the prospect of unemployment and re-possession of their homes it is worth noting that not all New Yorkers are facing homelessness. "Step through the weathered front door of a 19th-century building on Lafayette Street in SoHo and you face a window of blue water - a view into the depths of a 39-foot-long swimming pool. It is an unusually edgy entrance - crafted by a filmmaker who is a master of the horror movie -to what is currently the most expensive residential home for rent in Manhattan. The huge loft-like, 13,000-square-foot townhouse went on the market Wednesday for $100,000 a month furnished, or $50,000 a week, or $20,000 a night for short stays." (Wall Street Journal, 5 December) RD

CLUELESS ABOUT THE JOBLESS

One of the recurring problems of capitalism is the problem of unemployment, and one of the constant claims of governments is that they can solve the problem. "The number of people out of work in Britain hit its highest level for 17 years, fuelling worries that the economy is heading back towards recession. In the three months to October, the jobless total rose to 2.64m, according to figures released by the Office for National Statistics - 8.3% of the economically active population are now unemployed. Joblessness among 16 to 24-year-olds reached 1.003m, its highest level since records began in 1992." (Sunday Times, 18 December) Like all previous governments the present one cannot deal with the booms and slumps of the capitalist market place that lead inevitably to unemployment. RD

A HEARTLESS SOCIETY

In its relentless drive for profits capitalism will go to any lengths, even if that means exploiting the naivety of the mentally disabled. "People with dementia are being cheated out of at least £100 million a year by banks, cold callers, door-to-door salesmen and even their carers according to research. A report from the Alzheimer's Society found that more than 100,000 people with dementia have been victims of fraud or abuse and calls on companies renowned for hard-sell tactics to change their ways." (Times, 14 December) This report's appeal to hard-headed business people for some sort of compassion is in itself a glaring example of naivety. RD

MAKING AN ARSE OF LITERATURE

Shakespeare, Dickens and Doestevesky had great difficulties trying to get a publisher but of course they lacked two essential attributes beloved by capitalism. "The younger sister of the Duchess of Cambridge has been the subject of a fierce bidding war by some of Britain's largest publishers for her first book. It is understood that publisher Michael Joseph, an imprint of Penguin books, last week signed her up to a publishing deal worth £400,000." ( Daily Telegraph, 23 November) You see what William, Charles and Fydor lacked was they had not got the "bottom of the year" according to the tabloid press and were not related to the next queen of England. One wonders at their success after such disadvantages. RD

Just a Thought

Watching a European soccer game recently, I noticed the Italian team wore the sponsor, Arab Emirates, on their sweaters. The Spanish team did likewise with its sponsor, Bahrain Union. Do the capitalist enterprises put away their differences if money is offered? Just wondering. John Ayers