LEST WE FORGET

Amongst the most awful diseases that may strike us, surely one of the worst must be Alzheimer’s, the one that hits us when we are old and ruins our memory. The capitalist class can look after their elderly but workers are forced to rely on the NHS.
"Nearly 100,000 patients with Alzheimer's a year will be refused drugs that could delay the onset of the disease, the Court of Appeal has heard. ...NICE guidance in 2001 recommended the drugs - which can make it easier to carry out everyday tasks - should be used as standard. But advice published in November 2006, stated that the drugs should only be prescribed to people with moderate-stage disease. NICE said the drugs, which cost about £2.50 a day, did not make enough of a difference to recommend them for all patients and were not good value for money." (BBC News, 15 April)
Needless to say the National Institute for Health and Clinical Excellence (NICE) do not instruct the capitalist class not to waste £2.50 a day on their parents or grandparents. Only workers are told it is not "good value for money". RD

Poor little rich Guy

Guy Ritchie has complained that British people are being priced out of the property market by "big money" foreigners who are buying all the desirable properties in central London. The film-maker and husband of Madonna railed against the rising price of property saying it was almost impossible to buy a house in central London "unless you've got 10 million quid".

Madonna and Guy's homes

* A £7m family townhouse in Marylebone
* A £6m, 10-bedroom property next door
* Two mews cottages close to the Marylebone house, one bought for £900,000
* Two properties used by the Kabbalah religious sect: a £3.6m building in the West End used as its headquarters and a £1.6m five-storey townhouse in Regent's Park
* A 1,200-acre estate in Wiltshire, bought for £9m
* An £8m house in Beverly Hills
* An apartment in New York

another failed reform target

Ministers have been accused of doing too little to cut the bills of 4.5 million people suffering fuel poverty despite promising extra help for the most needy households. Campaigners said almost one in five householders were living in fuel poverty and that ministers faced missing targets for eliminating fuel poverty by 2016.

Dave Prentis, Unison's general secretary, said many of his members were forced to choose between food and heating last winter.

Campaigners, union leaders and opposition MPs dismissed as inadequate a package of measures announced to cut the number of people forced to spend more than 10 per cent of their income on fuel bills.

the shopping price hike

High food costs have added £15 to a weekly supermarket shop for a family of four in the UK, new research suggests.

Comparison website MySupermarket says a basket of 24 staple items including tea bags, milk and eggs costs 15% more than it did 12 months ago. The findings are based on its price comparisons of certain everyday items at Tesco, Sainsbury's and Asda.

The increases mean that families spending an average of £100 a week on food will be spending £780 a year more at a time when customers are under increasing pressure from higher mortgage, petrol and energy costs.

Johnny Stern, managing director of MySupermarket said: "The conclusion is that supermarkets are passing on a sizeable amount of the increased costs."

The price of wheat, rice and maize have nearly doubled in the past year . Analysts have warned that the higher prices are threatening to drive an extra 100 million people worldwide into poverty.

White loaf at Sainsbury's and Tesco: 65p - up 20%
Butter: 94p - up 62%
English mild cheddar: £1.52 - up 26%
Garden peas at Tesco: £1.79 - up 63%
Basmati white rice: £1.45 - up 61%

CAPITALISM STARVES

"Haiti’s hunger, that burn in the belly that so many here feel, has become fiercer than ever in recent days as global food prices spiral out of reach, spiking as much as 45 percent since the end of 2006 and turning Haitian staples like beans, corn and rice into closely guarded treasures. Saint Louis Meriska’s children ate two spoonfuls of rice apiece as their only meal recently and then went without any food the following day. His eyes downcast, his own stomach empty, the unemployed father said forlornly, “They look at me and say, ‘Papa, I’m hungry,’ and I have to look away. It’s humiliating and it makes you angry.” (New York Times, 18 April) RD

The police and the class war

Scotland's rank and file police are to call for the right to strike, currently denied them by law.
Members of the Scottish Police Federation , representing ranks up to chief constable, will debate the issue at their annual conference.

Police are prohibited by law from striking. The nearest they came to industrial action was a demonstration last year when 22,000 off-duty officers south of the Border protested over the pay deal they had been given. Many officers believe not being able to strike means they enter pay negotiations at a disadvantage and there is an increasing feeling within the federation that pay levels have been slipping.

Scotland and the food shortages

Britain is only 70% self-sufficient in cereal grains, down from 90% in the 1980s. Scotland is even worse, at only 40%. Most of that goes into the whisky industry and to animal feed. Scotland is thus almost totally dependent on others for this most basic of commodities for human consumption, which raises the question of whether Scotland could, if need be, feed itself.

The answer is yes, but only after significant change in land use and a rather drastic adjustment of the national diet.

Professor Peter Gregory, CEO of the Scottish Crop Research Institute says: "Technically, this is not a crisis for Scotland. There is enough arable land to provide for every person in Scotland. Our cereal yields are around twice the global average."

It would be possible to start making bread for five million people living in Scotland if we switched rape fields for wheat fields.

AN EXPENSIVE TIPPLE

"While the global credit crunch has forced many consumers to rein in spending, one Beijing-based billionaire has splashed out a record $500,000 on 27 bottles of red wine, London-based Antique Wine Company said on Saturday. The anonymous Chinese entrepreneur bought a mix of vintages of Romanee Conti, a Burgundy wine and considered to be among the world's most exclusive with only 450 cases produced each year. The client bought 12 bottles of Romanee Conti 1978, two bottles of the 1961, 1966, 1996 and 2003 and single bottles of the 1981, 1990, 1992, 1995, 1999, 2001 and 2002. "It is the highest price that has ever been achieved for a single lot," Managing Director Stephen Williams of the London- based Antique Wine Company told Reuters on Saturday. "I don't think he has bought this as an investment -- he has bought it to drink," he added. "The fine wine industry is completely immune from the global credit crunch." (Yahoo News, 19 April) RD

AN ILL DIVIDED WORLD

"Almost 30 per cent of Nepal’s 27m people live in absolute poverty or on less than $1 a day." (Financial Times, 21 April) RD

Self-interest and self -praise

Another of our ill-gotten gains series

Equitable Life has enlarged the pay package of its chief executive, Charles Thomson. Thomson's total rewards rose by 22% to top £1million. Thomson's package included salary of £453,973, a salary-related bonus of £199,305, and a discretionary bonus of half his salary - the maximum permitted under an "annual retention bonus scheme for senior staff"

Thomson has been reprimanded by the Institute and Faculty of Actuaries for misconduct, after being found guilty of bringing the profession into disrepute over the revelation during the court action that he had faked his job reference for Equitable in 2001. He was guilty of "failure to comply with the standards of behaviour and integrity which the public and the profession might reasonably expect of a member".

Thomson had admitted in court in April 2005 that he himself was the author of the glowing reference to his "exceptional record of success" at Scottish Widows, where he was the deputy chief executive from 1995 to 2000.The reference concluded: "We will miss his intellect, integrity, and energy and feel sure he will bring great value to other organisations at the highest levels."

Nothing like a bit of self-praise and now being richly awarded above inflation remuneration .

hunger: it’s a market thing

From Ian Bell of the Sunday Herald

Lots of food, lots of hunger: it’s a market thing.

Last week the International Assessment of Agricultural Science and Technology for Development was published...Its main findings were simple enough, however. There is enough food for everyone. It is cheaper and, broadly, more nutritious than it has been in decades, but 800 million go hungry...

...there are no food shortages. Instead, according to one of those complicated theories they teach at Oxford and the like, there are money shortages. Or rather - and this is apparently so complicated it never gets discussed - some people are very short of money and some are anything but...

...The relationships between land, food security, politics and bread at £1.13 a loaf are not abstract. The laws of economics should not be mistaken for acts of God...

As Bell writes , the law of economics is not abstract but neither is it complicated . Simply put , in capitalism , if you cannot pay , you cannot have , no matter your dire need . The Socialist Party understand this , as too does the working class , even if they so far have not understood or sought the solution - socialism - and it is not more abstract analysis from philosophers and politicians that is required , instead the point now is to change the way the world is organised for the benefit of the few against the interests of the many to a system where we all enjoy the fruits of our labour . That takes political action and a political movement to organise around and that requires members and commitment.

HEATHROW HOMELESS

"Each night, scores of London's homeless men and women take advantage of modern travel delays by posing as stranded passengers in order to sleep in a warm, safe place. ... Those contacted included a man sleeping under his coat, another conspicuously hiding behind an open newspaper, and a woman clutching a duty free bag, who insisted she was waiting for a flight, only to whisper when police were out of earshot, "I can't afford electricity. It's warm here. Please let me stay." (Time, 21 April) RD

NEW SOURCE OF CONFLICT?

"Equatorial Guinea sits at the heart of a deepwater corner of the Atlantic Ocean that is of growing interest to governments from Washington to Beijing. For the US, the Gulf of Guinea is the linchpin of growing sub-Saharan African oil production. Not only is it a bulwark against the troubles in the Middle East, it is also forecast to provide a quarter of US crude oil imports by 2010. China and other emerging economic powers also see an opportunity to muscle in, attracted by promises of big infrastructure projects and a relationship that is free of the colonial baggage carried by westerners in Africa. US multinationals such as ExxonMobil, Amerada Hess and Marathon Oil have, for some time, had Equatorial Guinea handily locked down, pumping more than 350,000 barrels a day."
(New Statesman, 10 April) RD

DYING FOR A JOB (2)

"Union leaders have expressed concern about the effectiveness of new laws on corporate homicide in Scotland. According to the Health and Safety Executive (HSE) 24 workers were killed and 2,702 people were seriously injured at their workplace in the year 2006/7.(BBC News, 6 April) RD

DYING FOR A JOB

"Fifty-four Myanmar migrants have suffocated to death in a cold storage container while being smuggled to Thailand to escape desperate conditions at home, Thai police said Thursday. The incident was the deadliest in a wave of recent tragedies as people flee economic collapse in military-ruled Myanmar and search for work in Thailand, where they often end up abused and exploited. Police said that 121 people had been crammed inside an airtight frozen seafood container measuring six metres (20 feet) long and 2.2 metres wide. Colonel Kraithong Chanthongbai, local police commander in southern Ranong province on Myanmar's border where the bodies were found late Wednesday, said the men and women were trying to get to Phuket island to work as day labourers. (Yahoo News, 10 April) RD

CAPITALIST PROGRESS?

"These are everyday stories in Ethiopia, which has the highest per capita rate of car fatalities in the world, with 190 deaths per 10,000 vehicles. Across sub-Saharan Africa, AIDS is the only killer more devastating than traffic for people ages 15 to 44. For children, traffic is the No. 1 killer. An African is 100 times more likely than an American to die in a car. According to the World Health Organization, Africa has 4 percent of the world's cars—but accounts for more than 11 percent of the world's traffic casualties and that is probably conservative. The WHO figures that road casualties in Africa are underreported by as much as twelvefold, and it predicts the death toll will rise an additional 80 percent by 2020, as the population grows and becomes more motorized." (Newsweek, 14 April) RD

HUNGER AMIDST PLENTY

"Food prices in Haiti are reported to have increased by 50 to 100 per cent in the last year. The population are particularly vulnerable because almost four-fifths live on less than $2 a day." (Times, 14 April) RD

AN UPPER CLASS TWIT

Boris Johnson speaks
" I can hardly condemn UKIP as a bunch of boss-eyed, foam-flected euro hysterics, when I have been sometimes not far short of boss-eyed, foam-flected hysteria myself (2004)."I can't remember what my line on drugs is. What's my line on drugs? (2005) "What ever James Oliver says, McDonald's are incredibly nutritious and, as far as I can tell, crammed full of vital nutrients and rigid with goodness. (2005) The awful truth is that people do take me seriously ...you must consider the possibility that underneath it all there may really lurk a genuine buffoon." (2007) (Observer Magazine, 13 April). RD

PROGRESSING BACKWARDS

The head of the International Monetary Fund (IMF) has warned that hundreds of thousands of people will face starvation if food prices keep rising. Dominique Strauss-Kahn said that social unrest from continuing food price inflation could cause conflict. There have been food riots recently in a number of countries, including Haiti, the Philippines and Egypt." (BBC News, 13 April) RD

A GRIM FUTURE

Recent droughts in places like Australia and Africa combined with the explosive competition inside modern capitalism has led to many experts forecasting future disasters. "In recent months the commodity prices of rice, wheat and corn has jumped 50 percent or more, pushing retail prices to levels unseen in a generation and prompting grain-exporting countries to curtail trade to suppress domestic inflation. On March 20, the World Food Program issued an emergency appeal for more funding to keep aid moving to the world's poorest countries. Last week World Bank president Robert Zoellick called for urgent global action on the part of rich nations "or many more people will suffer or starve." (Newsweek, 14 April) RD

THE GAP WIDENS

Much is made of the progressive nature of capitalism by journalists eager to prove that it is a society that is gradually making us all better off. A dissident view has recently been aired by the journalist Phillip Blond.
"The New Economics Foundation has shown that global growth has not aided the poor. In the 1980s, for every $100 of world growth, the poorest 20 per cent received $2.20; by 2001, they received only 60 cents. Clearly neo-liberal growth disproportionately benefits the rich and further impoverishes the poor. Real wage increases in the top 13 countries of the Organisation for Economic Cooperation and Development (OECD) have been below the rate of inflation since about 1970 – a situation compounded in Britain as the measure of inflation massively underestimates the real cost of living. Thus wage earners – rather than asset owners – have faced a 35-year downward pressure on their standard of living." (Independent, 23 March) RD

A FREE SOCIETY?

"The State secret police may have died with communism but its surveillance methods are still alive at Lidl, the German supermarket chain. George Orwell's Big Brother, it seems, stalks the aisles between the cornflakes and the canned dog food, Detectives hired by Lidl - which has more than 7,000 stores worldwide, including 450 in Britain - have been monitoring romance at the cash till, visits to the lavatory and the money problems of shelf-stackers. Several hundred pages of surveillance have been passed on to Stern magazine, causing outrage among unions and data protection officials." (Times, 27 March) RD

THIS IS PROGRESS?

Apologists for capitalism like to paint a picture of a system that is gradually improving the lot of the world's poor, but recent developments show that this is a fallacy. The development of the markets in China and India and the process of arable land being used to produce bio-fuels instead of less profitable foodstuff have led to chaos throughout the world. "Rising food prices could spread social unrest across Africa after triggering riots in Niger, Senegal, Cameroon and Burkina Faso, African ministers and senior agriculture diplomats have warned. Kanayo Nwanze, the vice-president of the United Nations’ International Fund for Agriculture, told a conference in Ethiopia that food riots could become a common feature, particularly after the price of rice has doubled in three months." (Financial Times, 4 April) RD

Capitalism's Waste

Waste & Resources Action Programme reports that a third of the food we buy, amounting to 6.7 million tonnes, gets discarded from UK households annually. Fruit and vegetables are a major component at around 40% of this. The top five fruit & vegetables which get binned without even being touched are apples (4.4 million or 179,000 tonnes pa), potatoes(5.1m or 177,000 tonnes pa), bananas (1.6m or 77,000 tonnes pa), tomatoes (2.8m or 46,000 tonnes pa) and oranges (1.2m or 45,000 tonnes). Producing, storing and getting the food to UK homes consumes much energy through transport, packaging etc. If we could stop the wastage of all this food, it would save the equivalent of at least 15 million tonnes of carbon dioxide. This would be equivalent to taking 1 in 5 cars off UK roads, according to WRAP.

The amount of discarded food-stuff is boosted by supermarket marketing promotions such as "two-for-one" deals with the result millions of Britons buy more than they need and then fail to eat much of what they bought before it goes off.

The study findings show essentially that much is discarded because it simply goes off, and storage conditions at home bear much blame. Simply storing most fresh fruit and vegetables inside the fridge keeps these foods stay fresh for up to 2 weeks longer.

DOUBLE STANDARDS

"Too much public money is spent on prolonging the lives of the elderly when it could be diverted to helping young offenders, according to a senior Church of Scotland minister. The Reverend Maxwell Craig, who is now retired but retains the honorary position of Extra Chaplain to the Queen in Scotland made the comments yesterday in a newspaper column.(Times, 27 March)
We are fairly certain that the reverend gentleman is complaining about the expense of keeping old workers healthy and not the Royal Family whom he serves and who have a fairly good record of longevity. RD

British Inequality

According to this BBC report , after 30 years of unprecedented economic growth, the British are richer, healthier - but no happier than in 1973. The main reason for the rise in wealth has been the increase in house prices. But the growing wealth has not led to greater happiness.

In 1973, 86% of people said they were satisfied with their standard of living, while in 2006 85% were satisfied. And one in six UK adults reported that they suffered from a variety of mental health problems in the latest survey, of which the largest category was "mild anxiety and depression."

The amount of goods and services purchased by UK households has risen by two and half times in thirty years.

But that increase in spending was not evenly distributed among the whole population, with the income of those in the top 10% of the income distribution going up much faster than that of households of the bottom 10%. In 1979, the real disposable income of the top 10% was three times greater than the real income of those in the bottom 10%, but by 2006 that had grown to four times greater.

And social mobility also appears to have declined, according to studies cited in the report. Children born in 1958 to poor parents coming to adulthood in the 1970s, were more likely to have moved to a higher part of the income distribution than those born in 1970, who came of age in the new millennium.

And child poverty has remained stubbornly high, with 22% of children living in relative poverty in 2005/6, compared to 27% in 1990/91.

election address

What’s the alternative to the profit system?

That's the issue in this election, says THE SOCIALIST PARTY candidate in Lambeth and Southwark Danny Lambert.

On 1 May, you will have your occasional ration of democracy with the opportunity to vote for the Mayor of London and the Greater London Assembly.

It's all very well having a vote but are you normally given any real choice? Let's face it, if it wasn't mentioned on the front of the election leaflet, could you tell which party was which?

It's tempting – in the absence of any real alternative – to get drawn into the phoney war that is political debate today. Whether Labour, Tory, Lib Dem, Greens or the others, they all spout empty promises. And it all amounts to the same thing – vote, vote for us and we’ll do this, this or this for you. As if they could.

None of them offer any alternative to the present way of running society. That’s why they always fail to deliver. The profit system requires them to put profits before people, to put saving money above meeting people’s needs.

Do you really think who wins an election makes any difference to how you live?

And do politicians actually have much real power anyway?

Can they control world market and financial forces or do they have to adjust and trim their policies to fit in with these?

Reality Check
Do any of the political parties address any of the real issues:
 Why can money always been found to fight a war while hospitals, schools and local services are always strapped for cash?
 Why do some people get stressed working long hours while others get stressed from the boredom of unemployment?
 Why are there homeless people in the streets and empty houses with "for sale" signs?
 Why is there still child poverty even in Britain?
 Why is there no world agreement to limit carbon emissions when scientists say this must be done to avert the threat of global warming?
 Why is there world hunger in a world that can grow enough for all?

So what's the alternative?

This time, in this constituency, you have a real choice. We in THE SOCIALIST PARTY are standing to put forward an alternative to capitalism and the madness of the market – a society of common ownership and democratic control. We call it socialism.

But real socialism. Not the elite-run dictatorships that collapsed some years ago in Russia and East Europe. And not the various schemes for state control put forward by the old Labour Party. For us socialism means something better than that. We're talking about:
 A world community without any frontiers where the Earth’s resources would be the common heritage of all.
 Wealth being produced to meet people's needs and not for sale on a market or for profit
 Everyone having access to what they require to satisfy their needs, without the rationing system that is money.
 A society where people freely contribute their skills and experience to produce what is needed, without the compulsion of a wage or salary.

If you agree If you don't like present-day society ... if you are fed up with the way you are forced to live ... if you think the root cause of most social problems is the profit system, then your ideas echo closely with ours.

We are not promising to deliver socialism to you. We are not putting ourselves forward as leaders. This new society can only be achieved if you join together to strive for it. If you want it, then it is something you have to bring about yourselves. Nobody can do it for you.

If you agree with what we say, you can show this by voting for THE SOCIALIST PARTY candidate, DANNY LAMBERT.And if you want to know more about us, call in at our election office at 52 Clapham High Street, SW4 or return the reply coupon on the last page (no stamp required). You can also.phone or email us or visit our website at www.worldsocialism.org/spgb.

AMERICAN ILLUSIONS

During the primary elections in the US much has been made of Hilary Clinton's care for the under-privileged against the super-rich, but what is the reality? "Democrat Hilary Clinton and her husband, former President Bill Clinton, have made $109 million since leaving the White House, including $51 million in speech income for Bill Clinton, according to eight years of tax records released on Friday." (Yahoo News, 4 April)
We don't take sides in this political "beauty contest". but we can recognise that all of the candidates are hypocritical self-serving people who wish to administrate the awful system of capitalism. We hate their system and we detest every one of them who try to con us. RD

CAPITALISM KILLS KIDS

"Every 17 seconds, a child in the developing world dies from water-related diseases. In around the time it takes you to read this paragraph, someone, somewhere, will die. Everyday, people in the world's poorest countries face the dilemma of having to trust their health and that of their children to the consequences of drinking water that could kill them. It's a gamble that often carries a high price - seeing a child needlessly dying is simply heartbreaking. Having access to safe, clean water and adequate sanitation are the most basic of human needs. It's something we can often take for granted. For those living in impoverished areas of the developing world the lack of access to water can be a traumatic, life or death experience they have to face every day." (Water Aid leaflet, April) RD

Child soldiers

Plans for pupils in comprehensive schools to sign up for military drills and weapons training are being backed by Gordon Brown in an attempt to improve the relationship between the public and the armed forces. A major review of the military's role in British society says that encouraging more state secondary school pupils to join the cadet corps would improve discipline among teenagers while helping to improve the public perception of the army, navy and air force.

The government-commissioned review of civil and military relations, led by Quentin Davies wants secondary school pupils to receive basic military training as a means of developing greater affiliation with the armed forces. Davies, who was a Tory MP before defecting to Labour last year, said his proposals to expand the cadet structure throughout the comprehensive system were firmly backed by the Prime Minister, the Children's Secretary Ed Balls and defence ministers. Under the new government proposals, state schools who do not set up a cadet system will encourage pupils to attend a community cadet force instead. One of the core elements of the cadets' training is mastering shooting skills and military drill.

An estimated 200,000 to 300,000 children are serving as soldiers in current armed conflicts. These young combatants participate in all aspects of contemporary warfare. They wield AK-47s and M-16s on the front lines of combat, serve as human mine detectors, participate in suicide missions, carry supplies, and act as spies, messengers or lookouts. In 2000, the United Nations adopted an Optional Protocol to the Convention on the Rights of the Child on the involvement of children in armed conflict. The protocol prohibits the forced recruitment of children under the age of 18 or their use in hostilities. To date, it has been ratified by more than 110 countries.
The ILO Convention on the Worst Forms of Child Labor prohibits the forced or compulsory recruitment of children under the age of 18 for use in armed conflict. It has been ratified by over 150 countries.

Kiddie cannon fodder by the back door is now what New Labour have lowered themselves to .

Democracy or Feudalism

Lib Dem deputy leader , Vince Cable "It was reported this week that Her Majesty the Queen had cancelled her diamond wedding celebrations because it was judged to be inappropriate to engage in extravagance at a time of economic gloom and recession. Do you share my view that this demonstrates Her Majesty's unerring instincts for the public mood, or does the Government think she was overreacting?"

Michael Martin, The Speaker of the House of Commons "Order! You shouldn't discuss Her Majesty the Queen. The honourable member must not discuss her majesty the Queen in the house. "

According to Erskine May, the guide to parliamentary practice, "the irregular use of the Queen's name to influence a decision of the House is unconstitutional in principle and inconsistent with the independence of Parliament". It adds: "Any attempt to use her name in debate to influence the judgement of Parliament is immediately checked and censured." It says MPs have been reprimanded "or even sent to the Tower" for treasonable or seditious language "or disrespectful use of Her Majesty's name".

Lib Dem leader Nick Clegg said Parliament "is fast becoming a museum piece - a 19th-century home for our 21st-century political elite".

CAPITALISM HATES WOMEN

"Most women prisoners have mental health problems, and nine of out 10 were convicted of non-violent offences. Now a new study shows an alarming rise in suicides and self-harm - and behind the statistics lie ruined lives and shattered relatives." (Observer, 30 March) RD

WORDS OF WISDOM

Donald Sutherland, film actor, on religious belief. "Did you know that 54 per cent of all Americans believe that the world was created 6,000 years ago? That's 1,000 years after the Sumerians invented glue." (Observer, 30 March) RD

THE REALITY OF POVERTY

Many words can be said about the awfulness of capitalism and the poverty it breeds, but here is an ill-educated women telling it like it is "Estella Lemus, 27, cries as she describes the hunger, danger and injuries of her illegal border crossing and says she won't do it again. The seamstress, who earns up to $5 a day in her poor neighborhood north of San Salvador, worries about how she'll repay the $3,000 her family borrowed for her trip." (USA Today, 23 March) It is only one story but there are thousands. Capitalism sucks.RD

CLASS IN PAKISTAN

When socialists proclaim that we live in a class dominated society we are rebuked for not taking into account the dreadful poverty of some parts of Asia, but as recent reports indicate capitalism dominates Asia just as much as it does in Europe.
"Gold-trimmed SUVs idle outside parliament. Among new female lawmakers, black Muslim veils are out and Gucci bags are in. Civilian rule has returned to Pakistan, and its politicians have come back with bling. Last month's elections ushered into parliament a new crop of business leaders and wealthy elites opposed to U.S.-backed President Pervez Musharraf's one-man rule. ...Parliament's parking lot was crowded Wednesday with new Mercedes and Toyota sports utility vehicles festooned with flashy tire rims and hood ornaments. ...Economic hardships persist for most Pakistanis. Millions live in poverty despite the recent growth. The country has yet to fully overcome a severe shortage of wheat flour — a staple here — and fuel prices have spiked sharply in recent weeks." (Yahoo News, 19 March) RD

yet another reform failure

The gender pay gap is still growing despite more than 30 years of equal pay and sex discrimination legislation, a Scottish Government report has found.

Men in full-time employment are now paid 15% more than their female equivalents and 34% more than women in part-time work according to the annual report into the Gender Equality Scheme.The report also found wide variations between the gender pay gap in different sectors. The gap ranges from 2% in sales and customer service occupations to as high as 28.1% for managers and senior officials.

Chris Benson, a solicitor who works with the UK-wide Support Equal Pay campaign group, said of the findings: "It is really disappointing that, despite government efforts, the pay gap is still growing..."

WORDS OF WISDOM

"The famed science fiction writer, who once denigrated religion as "a necessary evil in the childhood of our particular species," left written instructions that his funeral be completely secular, according to his aides. "Absolutely no religious rites of any kind, relating to any religious faith, should be associated with my funeral," he wrote. (Yahoo News, 19 March) RD

A BLEAK FUTURE

"A world without fresh water would be a world bereft of humans, and yet one in five people lacks regular access to this most basic of life-sustaining substances. By 2025, fully a third of the planet's growing population could find itself scavenging for safe drinking water, the United Nations has warned ahead of World Water Day on Saturday. More than two million people in developing countries -- the vast majority children -- die every year from diseases associated with unsanitary water. Desperation forces people to consume these contaminated waters. ..."Poor sanitation combines with a lack of safe drinking water and inadequate hygiene to contribute to the terrible global death toll," UN Secretary-General Ban Ki-moon said earlier this month. "Every 20 seconds, a child dies as a result of the abysmal sanitation conditions endured by some 2.6 billion people globally," he said in launching the International Year of Sanitation." (Yahoo News, 19 March) RD

Edukashun

Fewer pupils from deprived backgrounds are going to university in Scotland despite a raft of initiatives to widen participation, according to a new report.

In 2006-07, just 14% of school-leavers from secondaries in the lowest participation areas for higher education went to university compared to 19% in 2002-03. Over the same period, the proportion of pupils from the schools which enjoy the highest rates of progression to higher education has fallen only slightly, from 31% to 29%.

One of the aspirations of the government expansion of higher education in the mid-1980s, and then again in 1992, was to allow wider participation, but the main beneficiaries have been the "middle" classes.

John McClelland, chairman of the Scottish Funding Council said more should be done to address inequalities of opportunity.

A Scottish Government spokesman said: "It is unacceptable that an educational gap between advantaged and disadvantaged people opens up early in a child's life and continues throughout."

Yet another failure of well-meaning palliatives .

Socialist Courier also wonders if the UK will follow the growing trend in the American student loan market where banks including HSBC, have pulled out . In the US, many undergraduates take out a federal guaranteed loan and top up their financial needs with a private loan from lenders such as Bank of America, JPMorgan Chase and Citi-group. In the academic year 2005-06, $17 billion in private student loans was used to finance higher education. Banks have become reluctant to offer private student loans because worsening credit conditions have meant that they cannot package up the loans and sell them on. The brightest students who win places at America’s rich Ivy League universities will be affected less because of generous bursaries - which do not have to be repaid – less able students applying to other institutions are expected to face difficulty in securing private loans to fund their study. At one end of the field is Harvard University, with $34 billion of endowments, and at the other are many community colleges and low-tier universities with limited resources.
"...those students with poor credit scores or without the rich uncle co-signers [loan guarantor] may have real problems funding themselves.” The Consumer Bankers’ Association, said

HEARTLESS CAPITALISM

"Genzyme, a Massachusetts-based biotechnology company, has long charged more than $300,000 a year for typical patients on Cerezyme, a drug used to treat Gaucher disease, a rare, sometimes fatal, inherited disorder that can cause enlarged livers and spleens, anemia and bone deterioration. Cerezyme, which is administered intravenously, eases their symptoms. ...The experience with Cerezyme and other biological drugs defies conventional wisdom on drug marketing, which holds that blockbuster drugs — generating revenues of a billion dollars a year or more — are generally those that can be sold to vast numbers of people. But Genzyme has made Cerezyme a blockbuster, with sales of $1.1 billion last year, by charging very high prices for a few thousand patients. That could bode ill for efforts to curb health care costs if, as expected, the future of medicine lies in targeting treatments to limited numbers of patients most likely to benefit from them. The company is essentially exploiting a monopoly position to charge what the market will bear to treat desperate patients with no other option. (New York Times, 23 March) RD

The reward for failure

We read Northern Rock's former boss Adam Applegarth received a £750,000 pay-off when he left last December. Applegarth, who is 46, is also entitled to draw on a pension pot of £2.5m at the age of 55 . Experts say that could bring him retirement benefits of up to £200,000 a year.

As we all have read Northern Rock collapsed and bad management was a factor in this bank's demise . So is this a capitalism's reward for failure ?

Many of us facing attacks on our final salary pension schemes will also be wondering why we have to work longer for less while the rich can dip into a retirement pot of gold .

Council Leaders Fat Cats

The number of "fat cat" council bosses being paid more than £100,000 a year has risen by 25%, new figures show.

A town hall "rich list" revealed that 818 local authority bosses now earn more than £100,000. In 2005-06 it was 645.

The average pay package for those on the list was more than £120,000 - nearly five times the starting wage of a police constable. Fourteen earned more than the prime minister's £188,000 annual salary, while six received more than £200,000 from the public purse.

Despite Gordon Brown's demand for an inflation-guarding 2% cap on public sector wage settlements, top council bosses enjoyed an average rise of 4.6% - more than double that of last year.

"Too often, council executives are rewarded handsomely even when they fail," said the chief executive of the pressure group TaxPayers' Alliance .

The top 10 best-paid council officials, 2006-07
1. Northamptonshire: Peter Gould, chief executive, £215,000
2. City of Kingston-upon-Hull: Kim Ryley, chief executive, £213,162
3. Kensington and Chelsea: Derek Myers, town clerk and chief executive, £205,000
4. Northampton: Mairi Mclean, chief executive, £205,000
5. Bexley: Nick Johnson, chief executive, £203,000
6. Hertfordshire: Caroline Tapster, chief executive, £201,485
7. Ealing: Darra Singh, chief executive, £195,456
8. Surrey: Dr Richard Shaw, chief executive, £195,330
9. Cambridgeshire: Ian Stewart, chief executive, £195,000
10. Westminster: Peter Rogers, chief executive, £195,000

HOME OF THE BRAVE

"The homeless population of New Orleans since Hurricane Katrina has reached unprecedented levels for a U.S. city: one in 25 residents. An estimated 12,000 homeless accounts for 4% of New Orleans' estimated population of 302,000, according to the homeless advocacy group UNITY of Greater New Orleans. The number is nearly double the pre-Katrina homeless count, the group says." (USA Today, 16 March) RD

Credit Crunch - Not for everyone , it seems

Bob Diamond, the US banker who runs Barclays' investment banking arm, has cemented his position as one of the highest paid bosses in a FTSE 100 company after receiving almost £36m last year. The figure comprises £21m in cash, bonuses and shares in addition to £14.8m from a three-year performance plan. The £21m includes his £250,000 base salary, £6.5m cash bonus, a £11.3m share award held in a trust for three years and £3m of shares which will be received in three years provided performance criteria are achieved. His total is boosted by the £14.8m "retained incentive opportunity" - half in cash, half in shares - put in place three years ago when he joined the Barclays board.

Diamond achieved the bonus even though Barclays took a £1.6bn hit from the sub-prime crisis in the US and despite ongoing financial woes which have seen billions wiped off share values worldwide. The bank's profits in 2007 were £7bn, the same as 2006, and its share price has suffered.

The report published yesterday also exposed the pay to bankers working on takeovers. Barclays paid one former director £600,000 a month during the bank's ill-fated bid for Dutch rival ABN Amro. Naguib Kheraj received the sum, plus £14,178 a month in benefits, from May to December 2007 for a "corporate finance advisory role". The £4.9m he received was in addition to the £657,000 he was paid to the end of April while he helped his successor settle in.

Asylum Britain

A report, published by the Independent Asylum Commission which has been the most comprehensive examination of the UK's asylum system ever conducted , with testimonies from every sphere of society, including three former home secretaries, more than 100 NGOs, 90 asylum-seekers, the police, local authorities, and hundreds of citizens, has found it "marred by inhumanity" and "not yet fit for purpose". The commission found that Britain's treatment of asylum-seekers "falls seriously below the standards to be expected of a humane and civilised society". The report details how the "adversarial" system is failing applicants from the very first point of interview, with officials accused of stacking the odds against genuine claimants. "A 'culture of disbelief' persists among decision-makers," it said. "Along with lack of access to legal advice for applicants this is leading to perverse and unjust decisions." "Some of those seeking sanctuary, particularly women, children and torture survivors, have additional vulnerabilities that are not being appropriately addressed," it found.

The use of detention centres – especially to lock up children, pregnant women and torture victims – was condemned, as was the often brutal handling of removals, and the use of destitution as a tool to drive claimants out of the country.

GOT IT? FLAUNT IT

"In a shipyard in Germany, Blohm & Voss workers are building a mammoth yacht called the Eclipse. Like many things in the secretive world of super yachts, its exact length is hard to pin down. So is the name of its owner, and the cost of building it. But according to the Web site of The Yacht Report, one of several publications that track yachting with the same intensity that gossip magazines cover Hollywood hunks, the Eclipse is 531.5 feet long. That’s six and a half feet longer than the Dubai, an 11,600-ton behemoth that now holds the record as the world’s largest yacht. Its owner is the ruler of Dubai, Sheik Mohammed bin Rashid al-Maktoum. The extra length on the Eclipse isn’t an accident. Supersized yachts are the latest examples of one-upmanship among billionaires, many of whom already own a private jet, a Rolls-Royce or two, and multiple mansions. Despite fear of an economic recession and unrelenting job pressures among those who remain yachtless, there’s still a lot of money floating around the world. And as the superrich get richer, the size of yachts grows bigger and bigger, too. (New York Times, 16 March) RD

On the Fiddle

Capitalism is a strange type of money society . We read throughout the 1920s stock market crash, the Second World War and the oil crises of the 1970s, there was one stock which remained steady – fine violins. As global financial uncertainty strikes again, investors shy of the FTSE and put off by property may wish to consider putting their money into a Stradivarius instead.

This is the hope of the Fine Violins Fund, a syndicate set up by the renowned violin restorer and trader Florian Leonhard, which is hoping to attract investment for about 50 pre-19th century Italian violins. The project aims to loan the instruments to up-and- coming performers – old violins are worth more when they are in use, and being linked to the career of a musical star can also increase their value. The cellist Julian Lloyd Webber, the historian and philosopher Theodore Zeldin and the principal of the Royal Academy of Music, Professor Sir Curtis Price, all sit on the advisory board of the investment vehicle, the first fund investing in fine violins, with a target of €60m (£46m) in commitments. The fund has already attracted pledged investment of €25m and hopes to be running by the early summer. The violin fund can achieve a net return of from 12 to 15 per cent.

What about wine investment ?

In recent years there have been several vintage wine harvests, making it a good time for investors. The Wine Investment Fund, set up by Peter Lunzer, holds and sells for maximum returns, based on the principle that certain fine wines in limited supply increase in quick, short bursts over time.

Or perhps stamps ?

Leading dealer Stanley Gibbons offers an investment service, based on its 150 years experience of philately. Salomon Brothers rated stamps among the top four investments of the 20th century, giving an average annual return of 10 per cent. Autographs and rare coins also offer investment opportunities.

Maybe cars ?

Cars are not usually a good investment but vintage cars can make money, particularly if they are rare and have low mileage.

But , of course , in the end , the real source of wealth is always the workers labour and the surplus value they produce .

A caring society ??

THE number of Scottish children in care is at its highest in two decades and youngsters are being pushed on to the streets at just 16, leaving them vulnerable to addiction, violence and homelessness a new report from Scotland's Commissioner for Children and Young People .

The report highlights the gulf between children brought up with their families – who are increasingly staying at home until well into their twenties – and those who are in care.Although Scottish Government policy dictates that children should leave at 18, six times as many are leaving at 16, often coerced by social services.The report found that children with "challenging behaviour" are those under most pressure to leave. More than one in 10 reported episodes of homelessness. Some were sent to bed-and-breakfasts - at least one youngster had to share accommodation with a convicted murderer. Senior social work sources said 16-year-olds were being squeezed out to make way for an army of needy children

Author of the report ,Ms Marshall, said: "In many cases children and young people in care are seen as a troublesome burden rather than a vulnerable person to be nurtured. At 16 - the time they need help to cope - many are all but completely abandoned with little, if any aftercare."

The report states that the level of 15- to 18-year-olds who are homeless "represents a shocking failure in corporate parenting".It claims authorities are either failing to keep under-18s within the care system, or not supporting them afterwards in accordance with the legal duty that extends to the age of 19. Although the laws and the policy in place supported the children and prioritised their interests, there was a gulf between that and practice.

Tam Baillie, the assistant director of Policy and Influencing at Barnardo's Scotland, said: "Nowadays, most young people stay at home well into their twenties, yet most looked-after young people leave care aged 16 or 17. We need to ask ourselves why our most vulnerable young people are expected to be fully independent at such a young age, often in very difficult circumstances..."

Elsewhere , we read more than a quarter of drug addicts due to receive treatment have been waiting for more than a year .

work causes cancer

Further to this earlier post that health inequalities between rich and poor have widened since Labour came to office in 1997 , American research shows that night-shift workers, and their number is growing by about 3% per year, according to the Bureau of Labor Statistics , are known to be at higher risk for accidents, sleep disorders and psychological stress due to daytime demands, such as family and other obligations, that interfere with sleeping. Now scientific evidence suggests their disrupted circadian rhythms may also cause a kind of biological revolt, raising their likelihood of obesity, cancer, reproductive health problems, mental illness and gastrointestinal disorders.

The evidence for an increased cancer risk is so compelling that, in December, the International Agency for Research on Cancer, a unit of the World Health Organization, declared that shift work is "probably carcinogenic to humans."

*Night-shift workers have a 40% to 50% increased risk of heart disease compared with day workers, various studies have found.
* People who get five hours of sleep, common among night-shift workers, are 50% more likely to be obese than normal sleepers, Columbia University researchers have found. Several dozen other studies have tied sleep loss to weight gain as well.
* Women night-shift workers have higher rates of miscarriage, pre-term birth and low birth-weight babies.
* Night-shift workers show increased rates of breast (by 50%) and colon (by 35%) cancer in numerous, independent studies. And animal studies have shown that exposure to dim light during the night-time can substantially increase tumor development.

ANOTHER SNOUT IN THE TROUGH

"Patricia Hewitt is to join BT later this month as a non-executive director, boosting her salary by a healthy £60,000.The appointment of the former Secretary of State for both Trade and Health into one of Britain's largest private companies muddies the water between politics and business." (The Register, 13 March) RD