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From The Socialist newspaper, 16 March 2011

The rich get richer - by another $1 trillion

THE LATEST rich list produced by the Forbes magazine shows that the collective wealth of the world's 1,210 billionaires has reached a new record high of $4.5 trillion - up nearly $1 trillion on last year's total.

At the same time three billion people (around 50% of the world's population) exist on a meagre $2 a day. In fact only three years ago it was estimated that the world's richest 225 people had combined assets equal to the combined annual income of the world's 2.5 billion poorest people. This glaring gap in wealth has undoubtedly widened since then.

Such inequality, combined with the accompanying huge disparities in health and other life chances between rich and poor, are the products of the profit-driven capitalist system. This system almost went bust two years ago, in part due to the speculative greed of rich financiers. But it was rescued by pro-capitalist governments using trillions of dollars of public funds ie our money.

As Mahatma Gandhi once remarked: "We have enough for everybody's need. But not enough for everybody's greed."

So the next time rich politicians Cameron or Clegg or any other defender of this system parrots "we're all in it together" or, "we can't afford to maintain current levels of spending on public services", etc, then tell them to make the rich pay!

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In The Socialist 16 March 2011:


Anti-cuts campaign

Defend jobs and services: Protest 26 March

Building the battle against the cuts - now and beyond 26 March

Campaigning against all cuts and privatisation

Save our NHS!


Socialist Party news and analysis

Hutton's plans mean savage cuts - Fight to defend your pension!

Vote for a socialist alternative

Huge protests against job insecurity

The rich get richer - by another $1 trillion

Wisconsin occupation

Yahya victory

Hunger strike


Youth fight for jobs

March from Jarrow with Youth Fight for Jobs

Save our youth services

For real jobs not exploitation

Review: Classroom Warriors


Socialist Party workplace news

Northern Ireland: Broad left gains in union elections

Privatisation threat to the blood service?

Defend jobs and education at Newcastle College

Action called off by Birmingham bin workers

Left victory in building workers' union

Support the UCU strike


International socialist news and analysis

Japan: Tsunami results in misery for millions

Workers hit hard by earthquake and tsunami

Israel and the occupied Palestinian territories: "We'll struggle like in Egypt"

Tunisia: 'You come back - we come back'

Saudi troops to suppress Bahrain protesters


Socialist Party campaigns

Thousands protest against Lib Dems in Sheffield

Protester challenges Lib Dem MP to debate

Students want to protest too

Thatcher was no heroine

Lively discussion at LGBT meeting

Leeds: Celebrating International Women's Day

Celebrate International Workers' Day in the Socialist with a May Day greeting


 

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