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.

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


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:

triangleTory infighting escalates - workers' action can oust them

triangleEight billionaires own as much as half humanity!

triangleWorld economy heading into a storm

triangleDavos summit: a broken capitalist system

triangleDavos summit: 'The pitchforks are coming!'

Trump:

triangleUSA: federal workers without pay - but immediate mass action can end shutdown

triangleHackney & Islington Socialist Party: The US mid-term election results

trianglePreparing the struggle for socialism in 2019

triangleSan Francisco Bay Area's toxic smoke crisis and capitalism's mismanagement

War:

triangleHeroic martyrs of German Revolution

triangleTheatre review: Women of Aktion - the heroic story of how World War One was ended

triangleJohn Maclean - revolutionary fighter of the working class

Inequality:

triangle'Fat Cat Friday' shows where all the money's gone

triangleIn defence of socialist feminism

Capitalism:

triangleCardiff West Socialist Party: Why capitalism is bad for your mental health

Capitalist:

triangleMay facing Brexit vote catastrophe

Wealth:

triangleWest London Socialist Party: Seattle council's struggle against big business on wealth tax

Capitalist system:

trianglePhilip Green scandal - bring him down like BHS

Theresa May:

triangleFor a socialist alternative to the EU - mobilise to kick out the Tories!

World Economic Forum:

triangleBosses say 217 years to close pay gap - workers' struggle can close it now!

Rich:

triangleWalthamstow Socialist Party: France in revolt!

Korea:

triangleTrump's tariffs raise international tensions

Donald Trump:

trianglePittsburgh Synagogue shootings: Unite to fight anti-Semitism and far right

John McDonnell:

triangleHaringey 'Corbyn council': end the secrecy and confusion - lead a fight against the cuts

Middle East:

triangleJoin the fight for refugee rights

North Korea:

triangleUnited working class movements can defeat Trump

Super-rich:

triangleTories out - we need socialism!

News and socialist analysis

News and socialist analysis

16/1/19

Schools

30% of English secondaries in deficit

16/1/19

Universal Credit

Robbing the working class

16/1/19

Them & Us

Them & Us

16/1/19

Grenfell Tower

After Grenfell, thousands still in high-rise firetrap blocks

15/1/19

Brexit

May facing Brexit vote catastrophe

9/1/19

Brexit

For a socialist alternative to the Tory deal and bosses' EU

9/1/19

Austerity

Javid's migrant 'emergency'

9/1/19

Wealth

'Fat Cat Friday' shows where all the money's gone

9/1/19

What we saw

What we saw

9/1/19

Them & Us

Them & Us

9/1/19

Homelessness

Death in a doorway: struggle can end homelessness

9/1/19

Austerity

Tories Out. End austerity. Mass working-class action for a general election

2/1/19

Rail

Yet another wage-busting fare hike? Nationalise rail now!

2/1/19

Swansea

Early morning cabinet meeting nods through 24 million cuts

2/1/19

Housing

Rip-off landlords make money out of misery

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: 0798 202 1969

East Mids: 0773 797 8057

London: 020 8988 8786

North East: 0784 114 4890

North West 07769 611 320

South East: 020 8988 8777

South West: 07759 796 478

Southern: 07833 681910

Wales: 07935 391 947

West Mids: 02476 555 620

Yorkshire: 0114 264 6551

ABOUT US

ARCHIVE

Alphabetical listing


January 2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999