Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: http://www.socialistparty.org.uk/issue/388/4392

From The Socialist newspaper, 14 April 2005

Tesco - every two billion helps

TESCO, WITH its huge hypermarkets and many smaller neighbourhood shops across Britain, is the first British retailer to notch up annual profits of over 2 billion (2.03 billion to be precise). That's 250,000 every hour!

Tesco is a capitalist retail giant. Out of every 8 spent in Britain's shops, Tesco is said to account for 1. It has also been expanding abroad rapidly. Apart from the directors and shareholders, however, who's gained from these massive profits?

200,000 plus Tesco workers in Britain would rather work for a profitable firm than for a debt-ridden company like MG Rover. However, throughout Tesco's rise in the supermarket pecking order, workers have had to put up with some poor pay deals, many of them below-inflation. Staff allege many instances of bullying management.

Tesco's South African suppliers pay "poverty wages", claims the ActionAid charity. Low-wage female seasonal workers growing fruit on Tesco-accredited farms in South Africa have to live in "dreadful conditions" and cannot afford to feed their families.

Just 30 companies account for a third of the world's processed foods. And between them, the world's top food retailers control 80% of food production and distribution.

This gives capitalist retail outlets like Tesco power, using their size to muscle smaller shops out of business through "predatory pricing" policies. That's where unprofitably low prices are kept up just long enough to weaken the opposition.

Farmers that supply Tesco's food haven't done so well. Many small farmers say the Tescos of the world are ruining them. And Tesco's market position is so strong that when the Dairy Crest food group said Tesco wasn't renewing its contract for fresh milk, its share price plummeted.

This giant's profits come from low wages and super-exploitation and their activities are destroying local shops and communities. Capitalism cannot control them - surely it's a prime target for democratic public ownership.

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


In The Socialist 14 April 2005:

MG Rover: The Ugly Face of Capitalism

Nationalise Rover now

No more asset-stripping, renationalise, don't subsidise

British economy - not really that healthy

Tesco - every two billion helps

Socialists' city-wide challenge

Anti-social behaviour orders (ASBOs) A socialist approach

New Labour's education failure

Liberal Democrats: Phoney radicals - no different to the rest

Socialist Students fight for a campaigning NUS

Three months after the tsunami, government inaction fuels the flame of protest

Pope John Paul II

Young members create new opportunities in Huddersfield


 

Home   |   The Socialist 14 April 2005   |   Join the Socialist Party

Subscribe   |   Donate  




Related links:

Tesco:

triangleTesco's 10% pay increase accompanied by cuts and job losses

triangleUsdaw ADM 2017: Left challenge needed to end assault on retail jobs and conditions

triangleWhat would a socialist food industry look like?

triangleSolidarity with Tesco Ireland Valentine's Day strike

triangleBillions in profit for Tesco, cuts and job losses for workers

Food:

triangleWe're freezing: reverse cuts to boiler replacement schemes!

triangleThe Socialist inbox

triangleObesity epidemic: end food market anarchy

triangleFood processing workers vote for action against miserly bosses

Profits:

triangleAirwave jobs strike

triangleBosses get pay-offs, workers get layoffs

Britain:

triangleTamil Solidarity and Refugee Rights activists meeting

triangleTory plan to hold dinner at coal mining museum defeated

Reports and campaigns

Reports and campaigns

14/12/17

Waltham Forest

Stop the rotten redevelopment plan, demand residents

13/12/17

London

Six months on - still no justice for Grenfell

13/12/17

Fracking

Movement growing against fracking giant Ineos

13/12/17

Devon

Totnes MP uses coffin controversy to distract from brutal NHS cuts

13/12/17

Miners

Tory plan to hold dinner at coal mining museum defeated

13/12/17

Bradford

Bradford campaign to save children's services launched

13/12/17

South London

South London health bosses' cover-up

13/12/17

Blacklisting

Unite day of action against blacklisting

13/12/17

Brighton

Brighton victory

13/12/17

Newham

Newham anti-academies strikes

13/12/17

Tamil Solidarity

Tamil Solidarity and Refugee Rights activists meeting

12/12/17

Woolwich

Support the Crossrail Woolwich walkout

7/12/17

Blacklisting

Unite protest against blacklisting

7/12/17

RMT

Anti-DOO lobby of Liverpool's transport committee

6/12/17

Donald Trump

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

triangleMore Reports and campaigns articles...


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

triangle14 Dec Stop the rotten redevelopment plan, demand residents

triangle13 Dec Six months on - still no justice for Grenfell

triangle13 Dec Movement growing against fracking giant Ineos

triangle13 Dec Totnes MP uses coffin controversy to distract from brutal NHS cuts

triangle13 Dec Trump's incendiary Jerusalem statement reignites Israeli-Palestinian...

triangle13 Dec Labour 'purge' furore really just democracy

EU parliament, Strasbourg

triangle13 Dec Brexit deal no solution to Tory rifts

More ...

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

triangle18 Dec Leeds Socialist Party: Religion and Socialism

triangle19 Dec Bristol North Socialist Party: Christmas social

triangle21 Dec Wakefield Socialist Party: Socialists and the National Question

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