Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://www.socialistparty.org.uk/issue/1009/27920

From The Socialist newspaper, 12 September 2018

Fearful bosses call for 'fairer capitalism'... we say: fight for socialism!

We are the 99% - Take the wealth off the 1% Socialist Party placard, photo Paul Mattsson

We are the 99% - Take the wealth off the 1% Socialist Party placard, photo Paul Mattsson   (Click to enlarge)

Corinthia Ward, Birmingham Socialist Party

City banker Dame Helena Morrissey has called for "a more responsible and fairer form of capitalism" as part of a new report by the Blairite IPPR thinktank.

What it highlights is big business's lack of reinvestment - preferring to suck out short-term profits rather than develop infrastructure, technology and wages. This is a long-standing weakness of British capitalism, but is now a profound problem and part of the world economic crisis.

The report puts forward a list of reforms it hopes would boost the productivity of workers in the UK, and dissipate the anti-establishment mood fuelled by rising inequality. Few of the ideas are new.

Raising the minimum wage to 10.20 in London and 8.75 in the rest of the UK, for example. The Socialist Party campaigns for at least 10 an hour, without exemptions, now.

A 20% higher wage for those on zero-hour contracts. Many zero-hour workers would welcome this, but it risks dividing workforces. The Socialist Party fights for guaranteed hours for all who want them, and a single, trade union-agreed rate for the job.

Forming a national investment bank. Jeremy Corbyn has a similar policy. But to guarantee the resources and control needed for serious investment would also require nationalising all the banks and top corporations.

And giving workers a token voice on the boards of companies. This is something Theresa May had advocated - but subsequently u-turned on last year. The Socialist Party stands for full democratic workers' control and management.

It was a disappointment - but not a surprise - to see that report participant Frances O'Grady, general secretary of the Trade Union Congress, apparently failed to argue for a stronger position for the working class. Never mind the full pro-worker programme the Socialist Party fights for - it seems she didn't even call for scrapping the anti-union laws!

But the fundamental problem is there is no such thing as "responsible" or "fairer capitalism." Every flavour of capitalism is based on the majority of people doing all the work, and a tiny elite of super-rich big business owners making huge profits from it.

There's nothing 'fair' about that. And no system based on putting private profit ahead of everything else can ever be 'responsible'.

The Socialist Party fights for every possible improvement in the lives of ordinary people. But only ending the capitalist system - and replacing it with a socialist society, based on democratic planning to provide plenty for all - can make reforms comprehensive and permanent.

Britain has already seen an array of reforms after World War Two. But under capitalism, only constant working class struggle can offer any protection from attacks by profit-hungry bosses. As early as 1951, only three years after the set-up of the NHS, the capitalists and their politicians started privatising bits of it!

The IPPR report reflects the desperate fear of the capitalists. They are watching an angry working class starting to look for alternatives to their system.

Only a socialist society can truly make inequality a thing of the past. If workers fight to run our workplaces and society as a whole in our interests - to end poverty, for job security, and decent housing and services - we will no longer have to wait for the imaginary generosity of the capitalists.

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


In The Socialist 12 September 2018:


What we think

Corbyn must lead in fight against the Blairites


News

Tories in chaos - general election now!

Enfield North Labour Party votes 'no confidence' in its MP

4m children in homes that can't afford fruit and veg

Fearful bosses call for 'fairer capitalism'...

School students in solitary: for full funding, not exclusion!

Them & Us


Financial crash

10 years since the financial crash - the socialist answer to capitalist crisis


Workplace

NSSN rally: militant trade unionists share ideas to win for workers

TUC congress Brexit debate: unions must lead fight for a general election

Guards move closer to beating driver-only operation on Merseyrail giving confidence to other strikes

Cardiff Uber Eats couriers strike back against bosses

Workplace news in brief


International socialist news and analysis

Nicaragua: With the people against the Ortega government and imperialism

Support for Putin's regime dips over major attacks on state pensions

Sweden: left and far right gain as establishment parties falter

Ireland housing occupations


Socialist Party reports and campaigns

Catford campaign against regeneration

Students unite and fight - free education now!

Reading council plans privatisation - set a no-cuts budget instead!

EDL outnumbered and confronted in Worcester

Fight against billionaire Newcastle boss Mike Ashley continues


Opinion

When working class women dominated football

The Socialist inbox


 

Home   |   The Socialist 12 September 2018   |   Join the Socialist Party

Subscribe   |   Donate   |   Audio  |   PDF  |   ebook






Related links:

Capitalism:

triangleCarlisle Socialist Party: The 1918 German Revolution

triangleOnly a socialist alternative can end austerity

triangleTories ensured Carillion meltdown went unchecked

triangle'People's vote' should be a general election

triangleCorbynism three years on

Socialism:

triangleManchester Socialist Party: AI and new technology under socialism

triangleLatest Socialism podcasts

triangleSocialism 2018

triangleDozens of militant trade unionists to address Socialism 2018

Socialist Party:

triangleNorth London Socialist Party: Zero tolerance to implementation of cuts in Haringey!

triangleCardiff West Socialist Party: Legacies of The British Empire

triangleCardiff West Socialist Party: Globalisation v Internationalism

The Socialist:

triangleCaerphilly Socialist Party: What is the socialist attitude to the Gender Recognition Act?

triangleSupport the Socialist alternative, subscribe to the Socialist

Working class:

triangle1,000-strong rally in London this weekend

Inequality:

triangle10 years since the financial crash - the socialist answer to capitalist crisis

Poverty:

triangleHomelessness, Universal Credit misery, high rents, cramped flats, isolated estates...end the housing crisis!

Economic crisis:

triangleCapitalism is a chaotic, irrational system - we need socialist change

News and socialist analysis

News and socialist analysis

15/11/18

Tories

Tories Out! General election Now!

14/11/18

Scotland

NHS Tayside facing massive job cuts

14/11/18

Racism

A mass, trade union-led, socialist anti-racist campaign can defeat the far right

14/11/18

NHS

Tories out now to save our NHS

14/11/18

Grenfell Tower

Grenfell - no more cover-ups!

14/11/18

Elderly

Major private care operator puts thousands of vulnerable people at risk

13/11/18

Socialism

Socialism 2018

7/11/18

Socialism

Tories out - we need socialism!

7/11/18

NHS

Care crisis cashing in

7/11/18

EDL

Stand up against abuse - justice not racism

7/11/18

University

University bankruptcy threat - kick the market out of education

7/11/18

Cuts

Labour councils should use 14bn reserves to fight all cuts

31/10/18

Housing

Homelessness, Universal Credit misery, high rents, cramped flats, isolated estates...end the housing crisis!

31/10/18

Climate change

60% of wildlife wiped out - urgent action needed to save planet

31/10/18

Bullying

Philip Green scandal - bring him down like BHS

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


November 2018

October 2018

September 2018

August 2018

July 2018

June 2018

May 2018

April 2018

March 2018

February 2018

January 2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999