Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: http://www.socialistparty.org.uk/issue/710/14178

From The Socialist newspaper, 21 March 2012

Them & Us


Super rich suffer cash piles

It seems that 'Broke Britain' ain't so broke. Cash holdings of big companies in Britain are standing at £731 billion. That's cash sitting in banks not being invested because of 'lack of confidence in the market'. The deficit for 2010/11 was £110 billion. So the cash lying idle could pay it off nearly six times over. In other words it could not only pay it off and end the cuts but also create millions of jobs by investing in infrastructure and public services, funding free education for all, etc, etc. But where's the point in that?


Happy birthday!

Topshop owner and tax dodger, Sir Philip Green, turned 60 recently. You're probably hoping he had a lovely day - chocolate cake, new aftershave and a nice meal with the family. No, no, no - that just won't do. Green held a joint party with his daughter, who turned 21, in the exclusive Rosewood Makayoba resort in Mexico. A DJ doesn't cut it for this birthday duo - they flew Stevie Wonder, Robbie Williams and Michael Bublé to perform at the event. Sausages on cocktail sticks wouldn't suit the crowd either - guests, including Simon Cowell and Gwyneth Paltrow, were treated to caviar and £225 a bottle champagne. Even the toilets couldn't be mundane and were glammed-up with mirrored walls and luxury black toilet paper. All a steal at a mere £6.5 million. You can see why the millionaire's government saw fit to make him their 'efficiency czar'.


PFI socialism

The Guardian recently quoted a risk and compliance officer at a major bank as saying: "I remember in my first few weeks I sat down with one of the structures products guys. He was selling so-called PFI deals, where local authorities buy a complicated financial instrument to pay for, say, a hospital. I asked him: where's the benefit for the local authorities in this? He was aghast. 'What are you, a socialist?'" Quite.


Greek tragedy

The austerity imposed on Greece by the Troika is having devastating consequences for working class and poor people in the country. 40% funding cuts to hospitals have led to a massive increase in infectious diseases including malaria and tuberculosis. An increase in prostitution and drug use as well as the closure of needle exchange services has meant a big increase in HIV/Aids too - in 2011 the number of sufferers increased by 1,250%. Families are struggling to buy food to the extent that teachers no longer expect children to do PE because many are too weak.


Muppets

Goldman Sachs - "a great vampire squid wrapped around the face of humanity" - typifies the dog eat dog nature of capitalism. Recent revelations by an ex-employee show that there is nothing 'moral' about Goldman Sachs and the other great firms that really rule the world, despite what David Cameron would have us believe. Goldman Sachs is "toxic", customers are "Muppets", etc. It helped to build the colossal debt mountain before 2007. It 'earned' revenues of $29 billion last year and distributed more than $12 billion to its staff in pay and bonuses, as much as the GDP of Albania!

Why not click here to join the Socialist Party, or click here to donate to the Socialist Party.


In The Socialist 21 March 2012:


Fighting the cuts

Tell the Con-Dem government: NO CUTS!

Prepare for future struggle - build the trade union left

Build a strategy to win on pensions

Stop the NHS sell-off - National demo now!

Stroud: Labour lets NHS down again


Socialist Party features

Capitalism isn't working: Time to fight for socialist change

Fight or privatise: A tale of two councils


Socialist Party news and analysis

Budget: far from 'all in it together'

Student walkout: Socialist Students show what could have been

No to workfare - fight for a genuine alternative

Defend the right to protest!

Youth demand future at Dundee sham summit

Them & Us


Socialist Party workplace news

MMP packaging: workers still locked out

Swindon hospital workers fight bullying

Construction workers demand better pay and conditions

Workplace news in brief


International socialist news and analysis

The 'Kony 2012' phenomena

Sri Lanka's Killing Fields: War Crimes Unpunished


Reviews and readers' comments

Smear campaign on Hillsborough?

Single and video: ill Manors by Plan B


 

Home   |   The Socialist 21 March 2012   |   Join the Socialist Party

Subscribe   |   Donate   |   PDF  




Related links:

Rich:

triangleTrump's tax attacks

triangle'Paradise' for billionaires - austerity for us

triangleCan you donate to the Socialism 2017 appeal?

triangleYoung people being strangled by debts

triangleTories torn - bin them now

Pay:

triangleLocal government pay: fight for the 5% claim, fully funded

triangleDemonstrations by uni students and staff greet Bath vice-chancellor resignation

triangleArriva bus strikers stand firm

trianglePCS Left Unity celebrates 40th anniversary at annual conference

Goldman Sachs:

triangleTrump victory: Failure of the Democrat establishment

triangleUSA: We need mass resistance to Trump and a new party of the 99%

triangleUS elections: Clinton coins it

Cuts:

trianglePlans to launch no-cuts campaign at Kirklees College

triangleEnd Tory war on poor

Britain:

triangleMobilise to stop bigoted billionaire Donald Trump's state visit to Britain

Greece:

triangleSolidarity with Athens bus cleaners!

News and socialist analysis

News and socialist analysis

8/12/17

Government

Local government pay: fight for the 5% claim, fully funded

6/12/17

Labour

Corbyn's Labour can defeat Tories with socialist programme

6/12/17

NHS

Branson sues NHS: kick out the profiteers

6/12/17

Immigration

Royal wedding exposes them-and-us visa system

6/12/17

Banks

RBS to sack 1,000: nationalise the banks

6/12/17

Homelessness

Rough sleeping crisis: make homes, not arrests

6/12/17

Poverty

End Tory war on poor

6/12/17

Rail

Nationalise rail now

29/11/17

Them & Us

Them & us

29/11/17

Homes

Tory housing policy: build zilch, hike prices

29/11/17

Wages

Make the Tories history

29/11/17

Birmingham

Birmingham bin workers win!

29/11/17

British economy

Amber warning lights flash on British economy

23/11/17

Pay

After the budget - unions must launch pay fight

22/11/17

Climate change

Carbon dioxide hits 800,000-year high: end profit-driven pollution

triangleMore News and socialist analysis articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party

triangle8 Dec Local government pay: fight for the full 5% claim

triangle6 Dec Strikers rally in Liverpool

triangle6 Dec Corbyn's Labour can defeat Tories with socialist programme

triangle5 Dec Victory at Glenfield shows people power can save our NHS

triangle5 Dec Labour council Blairites deselected

triangle30 Nov Victory: Glenfield Children's Heart Centre saved!

triangle30 Nov Dramatic retelling of Grunwick strike

More ...

triangle12 Dec Birmingham South East Socialist Party: Can the Labour Party be changed?

triangle12 Dec Liverpool Socialist Party: Fighting council cuts

triangle13 Dec Caerphilly Socialist Party: Are we heading for an era of war?

triangle14 Dec Wakefield Socialist Party: Universal Credit - the Tories' latest assault on the poor

More ...

Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

Archive

Archives:

December 2017

November 2017

October 2017

September 2017

August 2017

July 2017

June 2017

May 2017

April 2017

March 2017

February 2017

January 2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

Legal

SP RSS feed RSS

Platform setting: = No platform choice

V2