Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://www.socialistparty.org.uk/issue/832/19624

From The Socialist newspaper, 5 November 2014

Them & Us

Get even

The charity Oxfam reports that the number of billionaires doubled between 2009 and 2014 - the 'Great Recession' - a period characterised by savage capitalist austerity involving mass welfare cuts and falling real incomes.

Earlier this year, Oxfam said the world's 85 billionaires owned the same wealth as the poorest half of the world's population.

In it's latest study - Even It Up - it says that this elite group had seen their wealth collectively increase by $668million (414million) a day in the 12 months to March 2014.


Frugal Google

Google has boasted of signing up to the 'living wage' for its employees. The 'living wage' is currently 7.85 an hour (9.15 an hour in London), compared to the statutory minimum wage of 6.50 an hour.

However, it seems that the ubiquitous internet search engine gives with the one hand but takes back much more with the other.

Last year Google again made the headlines but for the wrong reason; namely, that it paid only 11.6 million in UK corporate taxes despite generating 3.4 billion of business in the country and declaring a global profit of 6.1 billion for 2012.

Google avoids paying more in UK taxes by designating its UK office as primarily a 'marketing operation' with its European HQ based in Ireland. However, a Reuters investigation alleged that Google's UK workers were responsible for sales not their Irish colleagues.



Unfriendly Barclays

Another employer paying the living wage is Barclays. The banking giant had earlier this year demonstrated its 'worker-friendly' credentials by announcing 9,000 job cuts in the UK.


Debt charges

2 billion would go a long way in investing in council housing, public services or wages. Instead, the government is intending to use this sum to repay government debt stretching back to the South Sea Bubble company collapse in 1720, the Napoleonic and Crimea wars, as well as World War One.

Given that these bonds have no maturity date, and therefore the government never has to repay investors (the original ones are presumably all now dead), we can only praise George Osborne's priorities in these austere times!

Donate to the Socialist Party

Coronavirus crisis - Finance appeal

The coronavirus crisis has laid bare the class character of society in numerous ways. It is making clear to many that it is the working class that keeps society running, not the CEOs of major corporations.

The results of austerity have been graphically demonstrated as public services strain to cope with the crisis.

The government has now ripped up its 'austerity' mantra and turned to policies that not long ago were denounced as socialist. But after the corona crisis, it will try to make the working class pay for it, by trying to claw back what has been given.

  • The Socialist Party's material is more vital than ever, so we can continue to report from workers who are fighting for better health and safety measures, against layoffs, for adequate staffing levels, etc.
  • Our 'fighting coronavirus workers' charter', outlines a programme to combat the virus and protect workers' living conditions.
  • When the health crisis subsides, we must be ready for the stormy events ahead and the need to arm workers' movements with a socialist programme - one which puts the health and needs of humanity before the profits of a few.
Inevitably, during the crisis we have not been able to sell the Socialist and raise funds in the ways we normally would.
We therefore urgently appeal to all our viewers to donate to our special coronavirus appeal.

Please donate here.

All payments are made through a secure server.

My donation

 

Your message: 

 


In The Socialist 5 November 2014:


Socialist Party news and analysis

Cold, cruel cuts: Fight the Con-Dem attacks

The Con-Dems' Machiavellian cuts

All main parties in crisis: where will the opposition go?

Pressure mounts on zero-hour contracts

Them & Us


Socialist Party reports and campaigns

Every penny counts: donate to Socialism 2014

TUSC fights for health centre

Carlisle: Stop the car parking tax

Socialist Students campaign reports


International socialist news and analysis

Ireland water tax: 'We won't pay'

Burkina Faso: Mass uprising ousts dictator


Socialist Party workplace news

Back fresh strikes to save the NHS

Defend firefighters' right to strike!

Victory to St Mungo's strikers

Sheffield Green workers start indefinite strike

Greenwich libraries victory

Police staff ballot for decent pay

Ritzy cinema bosses back down

Kent: Range wardens strike

Workplace news in brief


Readers' comments

Agree with Russell Brand? Join the Socialist Party!

Ebola virus crisis - no profit, no vaccine

Repel the Tories' attacks on our democratic rights

Portsmouth jihadis: austerity and alienation to blame

Take over software giants


Obituary

Benny Adams


 

Home   |   The Socialist 5 November 2014   |   Join the Socialist Party

Subscribe   |   Donate   |   PDF  |   ebook






Related links:

Them & Us:

triangleThem & Us

triangleThem & Us

triangleThem & Us

triangleThem & Us

triangleThem & Us

US:

triangleAnniversary of nuclear destruction of Hiroshima and Nagasaki

triangleCuba: Covid-19 and the 60-year-old embargo

triangleSocialist Party placards at a protest of healthcare workers in London demanding a pay rise, photo by Isai

triangleCapitalism's 'vaccine war' shows need for socialist cooperation

Debt:

triangleAct now to cancel Covid crisis rents and debt

triangleLebanon - mass protests cut across sectarian division

triangleNHS debt so high it can't be repaid - so don't pay it!

Government:

triangleTories' obesity plans - blaming individuals not the profit system

trianglePCS union: Reject longer DWP opening hours

Wealth:

triangleUniversal Basic Income: not a solution to insecurity and poverty under capitalism

Cuts:

triangleUnite union branch pledges to support socialist candidates who oppose cuts

News and socialist analysis

News and socialist analysis

5/8/20

Coronavirus

Tories' obesity plans - blaming individuals not the profit system

5/8/20

Coronavirus

Capitalism's 'vaccine war' shows need for socialist cooperation

5/8/20

Labour Party

Labour payouts: unions must discuss political representation

5/8/20

Coronavirus

NHS pay: 15% for all now

5/8/20

Coronavirus

From first wave to second? Capitalism's Covid failures

5/8/20

Universities

What would socialist universities look like?

22/7/20

China

Huawei: what's behind Johnson's u-turn?

22/7/20

Coronavirus

Fight for our livelihoods... Fight for our lives!

22/7/20

Music

Saving the music industry from pandemic and austerity

22/7/20

Luton

Luton Council sunk by airport investment: fight for funding, not speculation!

22/7/20

The Socialist

Getting the Socialist over the summer

22/7/20

Coronavirus

Fight for the NHS

22/7/20

NHS

Tories using pandemic to privatise NHS more

22/7/20

Them & Us

Them & Us

22/7/20

Steel

Nationalise Tata Steel to save jobs

triangleMore News and socialist analysis articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party
Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

LATEST POSTS

CONTACT US

Phone our national office on 020 8988 8777

Email: info@socialistparty.org.uk

Locate your nearest Socialist Party branch Text your name and postcode to 07761 818 206

Regional Socialist Party organisers:

Eastern: 079 8202 1969

East Mids: 077 3797 8057

London: 075 4018 9052

North East: 078 4114 4890

North West 079 5437 6096

South West: 077 5979 6478

Southern: 078 3368 1910

Wales: 079 3539 1947

West Mids: 024 7655 5620

Yorkshire: 077 0671 0041

ABOUT US

ARCHIVE

Alphabetical listing


August 2020

July 2020

June 2020

May 2020

April 2020

March 2020

February 2020

January 2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999