Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://www.socialistparty.org.uk/issue/980/26807

From The Socialist newspaper, 31 January 2018

Capitalists fear for their system at Davos

Monopoly man with axe dancing on money bags, 1% super-rich austerity inequality, photo torbakhopper (Creative Commons)

Monopoly man with axe dancing on money bags, 1% super-rich austerity inequality, photo torbakhopper (Creative Commons)   (Click to enlarge)

Stephanie Hammond

Representatives of the world's ruling class again gathered for the annual meeting of the World Economic Forum at the Davos mountain resort in Switzerland.

Significantly, the official theme was "creating a shared future in a fractured world" - a departure from the shameless openness about capitalist theft usually espoused by the conference.

A coterie of world leaders gave talks at the event including Donald Trump and Theresa May.

Trump, the least popular president in American history, hypocritically called for "peace" - while his reckless actions exacerbate conflict in the Middle East and risk war with North Korea. May was snubbed and prattled blandly about artificial intelligence to a nearly empty room.

The backdrop to the meeting is that in 2017 a billionaire was created every two days on average - the highest growth in the 31 years Forbes magazine has listed it.

Meanwhile, international relations between the great powers are strained. Poverty, hunger, war and want are at the door of practically every country, and inequality is at its highest point in history.

So it was that left-wing professor Guy Standing was able to speak at the conference of the dangers of "rentier capitalism," the obstacles faced by the "precariat," and the "plunder of the commons."

And Shadow Chancellor John McDonnell was a panellist for a session about the free market. He warned attendees that tax avoidance on an "industrial" scale had alienated ordinary people who feel the system is a "con trick" and "rigged."

This couldn't be more accurate. But many of the academics, chief executives and world leaders in attendance cannot see the wood for the trees.

Short-sighted

Even the less short-sighted capitalists who understand that growing anger about inequality fundamentally threatens their wealth are dumbfounded about how to restore faith in the system. They are completely integrated within it - and the interests of their class are directly opposed to ours.

Socialists welcome any progressive reforms which improve the lives of ordinary people. But with capitalism in crisis and the super-rich unwilling to pay for it, any serious programme of reforms will have to tackle the capitalist system itself.

So the fight for every possible improvement must be linked to the fight to send the entire system to the scrapheap, replacing it with socialism. The Davos meeting should be confined to nothing more than a historical curiosity.

Donate to the Socialist Party

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 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.
  • 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 Fighting Fund.

Please donate here.

All payments are made through a secure server.

My donation

 

Your message: 

 


In The Socialist 31 January 2018:


Save our NHS

NHS: use the 3 February protests as a launch pad for a mass movement

NHS we're ready to fight

Northern health campaigns conference discusses the fightback

8,000 strong petition opposes closure of Sheffield health services

Labour NHS rally reveals horrors but offers no way forward

Leicester NHS protest


Opinion

Trump as Nixon: urgent questions about press freedom and the state

Capitalism v cricket


Women's liberation

For workplace trade union organisation against sexual harassment

Presidents Club sexism scandal: what you thought

100 years since women won the vote


Socialist Party workplace news

Victory for Hackney school cleaners!

Local government workers' reps reject 2% pay offer

University workers' walkout for decent pensions

Merseyrail protest

Supermarket's slash jobs - union fightback needed

Cammell Lairds strikers demand improved pay and conditions


Socialist Party news and analysis

Labour civil war re-erupts over Haringey regeneration project

Tory infighting escalates - workers' action can oust them

Failing academy chain strips school assets - end academisation!

Capitalists fear for their system at Davos

Majority of kids poor in some areas


Socialist Party reports and campaigns

Fat cat vice chancellors schooled by Brum students

Confident London Socialist Party conference discusses key issues

Your newspaper fights with you: help fund it with May Day greetings

Bristol anti-cuts campaigners debate alternatives to the cuts


International socialist news and analysis

Stop the war on the Kurds

Sudan: Free Mohamed Satti

Vienna: 50,000 march against racism and austerity


 

Home   |   The Socialist 31 January 2018   |   Join the Socialist Party

Subscribe   |   Donate   |   Audio  |   PDF  |   ebook






Related links:

Davos:

triangleNew recession fear stalks the world economy

triangleThem & Us

triangleTory infighting escalates - workers' action can oust them

triangleEight billionaires own as much as half humanity!

triangleWorld economy heading into a storm

Trump:

triangleKeep fascists out of Portland: Build a mass movement to fight the right

triangleAre Biden's immigration policies a break with Trump's?

triangleWill Biden's new foreign policy change the direction of US imperialism?

triangleIs Biden offering a new 'New Deal'?

War:

triangleTV review: Valley of the Tears

triangleNapo AGM 2021: Union placed on war footing

triangleNuclear Folly: A New History of the Cuban Missile Crisis

Inequality:

triangleVaccine inequality - the ugly face of capitalism

triangleThe fall of Apartheid in South Africa

Capitalism:

triangleAfter COP26: where next for the climate movement?

Capitalist:

triangleCovid-19: New variant emerges but same old capitalist disease

Wealth:

triangleTake the wealth off the super-rich to fund: NHS and social care, pay and benefit rises

Capitalist system:

triangleCan green technology and AI save capitalism?

Theresa May:

triangleReaders' comments

World Economic Forum:

triangleBillionaires avoid paying and even talking about tax! Take the wealth off the 1%

Rich:

trianglePandora property speculators fuel housing crisis

Korea:

triangleTV review: Squid Game

Donald Trump:

triangleUSA in crisis - the need for a socialist alternative

John McDonnell:

triangleNon-fiction: Left Out - the inside story of Labour under Corbyn

Middle East:

triangleSwansea and West Wales Socialist Party: Instability continues in the Middle East

North Korea:

triangleAnniversary of nuclear destruction of Hiroshima and Nagasaki

Super-rich:

triangleNo trust in billionaire owners - kick them out and reclaim the game

News and socialist analysis

News and socialist analysis

1/12/21

Tories

Tories strengthen repressive laws

1/12/21

Covid

Covid-19: New variant emerges but same old capitalist disease

1/12/21

NHS

NHS Critical

1/12/21

Asylum

27 dead in channel migrant tragedy

1/12/21

Workers

After COP26: where next for the climate movement?

1/12/21

Energy

Bulb bailed out, nationalise energy to solve price crisis

1/12/21

London

Khan threatens further London transport cuts

1/12/21

Youth

Kickstart scheme 'insufficient and flawed'

1/12/21

Housing

East London mass non-payment wins housing victory

1/12/21

NHS

NHS workers - vote yes for action to win a decent pay rise

1/12/21

Wales

Wales: The Labour-Plaid Cymru agreement - jam tomorrow, maybe

1/12/21

Rural

Behind the rural idyll - the problems of everyday life

24/11/21

NHS

Workers' action can defeat weak and divided Tories

24/11/21

Violence against women

End sexism and violence against women

24/11/21

Disability

The struggle for accessible workplaces and an inclusive society

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: [email protected]

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: 077 7221 5281

West Mids: 024 7655 5620

Yorkshire: 078 0983 9793

ABOUT US

ARCHIVE

Alphabetical listing


December 2021

November 2021

October 2021

September 2021

August 2021

July 2021

June 2021

May 2021

April 2021

March 2021

February 2021

January 2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999