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From The Socialist newspaper, 27 April 2016

Rich List betrays lies of austerity

Cartoon by Alan Hardman

Cartoon by Alan Hardman   (Click to enlarge)

Sam Gleaden

The annual publication of the Sunday Times Rich List is a chance to bask in the magnificent work of our 'wealth creators'. And the past year has seen many increase their well-earned domination of British and global society.

Epitomising this spectacular enterprising growth of the capitalist elite is one of this year's biggest climbers: Major-General His Grace the Duke of Westminster, Gerald Cavendish Grosvenor.

His company, Grosvenor Group, makes him worth an eye-watering 9.4 billion. This 'creates' wealth by heroically speculating on large swathes of property, and inflating London's monstrous housing bubble.

The massive increase in the wealth of property investors in this year's Rich List - including the number-one spot, newly taken by David and Simon Reuben - shows the massive hypocrisy at the heart of the capitalist economic system.

The housing crisis is reaching preposterous levels. 53% of private tenants struggle to pay rent, according to Shelter.

The money is there to build genuinely affordable housing for all the real wealth creators - the workers, who make the goods and run the services that create the bosses' profits. But establishment politicians encourage a super-wealthy clique to exploit the basic human needs of ordinary people.

Housing is just one example of the parasitism of the 6th Duke of Westminster and pals. Cuts and privatisation are affecting every area of our lives.

That's why we should take the wealth off the 1%. Nationalise land, banking and the big corporations under the democratic control of workers and the community. Then a socialist plan of production could not only return the services we have lost, but guarantee security and prosperity for all - not just the super-rich.

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In The Socialist 27 April 2016:


Socialist Party news and analysis

Historic all-out junior doctors' strike action

Tata steel crisis: 100% nationalisation now!

Hillsborough inquest victory: cops unlawfully killed 96

Nationalise BHS to save 11,000 jobs

Rich List betrays lies of austerity

Queen reaches 90: abolish the monarchy

Most diesels emit illegal levels of poison

Them & Us

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What we think

Defeats and u-turns show Tories are weak


EU referendum

Trade unions: myths of EU 'Remain' campaign


Elections 2016

An anti-austerity alternative on the ballot paper

Welsh Assembly elections: A working class voice to say 'save our steel!'

Scottish elections: strong mood for anti-cuts strategy continues

London elections: fight for an anti-austerity GLA

Warrington: Socialist councillor fighting cuts and hitting doorsteps

Why I'm standing: TUSC can make a real difference

Southampton Labour council faces crisis as cuts hit city

Anti-cuts stand wins support from students in Leeds

Countering the growth of Ukip in south Wales


Workplace news and analysis

Junior doctors withdraw all labour to step up pressure

Trade Union Bill concessions made - now fight to scrap the lot!

Housing: Catalyst needs converting

Workplace news in brief


Socialist Party reports and campaigns

Butterfields: campaign to stay getting results

Women's Lives Matter


International socialist news and analysis

USA: the un-Democratic primary

Poland: anger at abortion ban plan


May Day greetings 2016: click here


 

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