The Socialist

The Socialist 8 July 2020

Fight for every job, fight for socialism

The Socialist issue 1094

Fantastic virtual NSSN conference: "Fight for our lives and livelihoods''

Homerton hospital workers deserve equal pay and conditions

Jobcentre reopening: only union struggle will put safety first

Southampton UCU: election victory for combative rank and file

Tower Hamlets council workers strike against wholesale attack on terms and conditions

Nottingham unions fight council job cuts


Fight for every job, fight for socialism

Tory NHS betrayal

Young people have no choice but to fight the system

Leicester: End the scandal of sweatshop labour

Covid pandemic and Northern Ireland - workers must resist the bosses' offensive

1,600 less benefits if your job goes - while super-rich splash cash

Testing: Tories' 5bn gift to private sector

Johnson blames care workers for deaths

3bn green pledge: not enough for climate or jobs

Poverty rises again - especially for BAME workers

Them and us


No going back: Nationalise social care!


The best place to start - join the Socialist Party

Trans rights protests oppose Tory backsliding

Black Lives Matter - the fight is not over


Hong Kong: The fight for democratic rights

Bangladesh: Stop closure and privatisation of Jute Mills


TV: The school that tried to end racism

Books that inspired me: The Fire Next Time

The Socialist Inbox

 
 
 
 
 

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Them and us

Them and us fishes, photo Suzanne Beishon

Them and us fishes, photo Suzanne Beishon   (Click to enlarge)

  • England's privatised water firms have paid out 57 billion in dividends since 1991, says Greenwich University analysis for the Guardian. They have accrued 48 billion in debt in that time - meaning borrowing has funded payouts rather than investment in leaky infrastructure.
  • The world capitalist economy will shrink by $12 trillion due to the pandemic, reckons the IMF. The 4.9% global contraction compares to 0.1% in 2009 during the Great Recession.
  • But central banks have bought over $6 trillion of financial assets to boost big business this year. The immediate result? A (precarious) stock market bonanza. Bosses scramble for golden tickets while the workers who made their wealth lose pay and jobs.
  • The lockdown led to a surge in illegal killings of rare birds of prey, reports the RSPB. The reason? The rich retreated to their country piles - and birds of prey disrupt their game shoots.
  • Retailers paid just 14% of their quarterly rent bills last month. Taking offices and industrial premises into account, 18.2% of commercial rent was paid, reports Re-Leased - compared to 25.3% in March. Can workers stop paying rent if we can't afford it too?
  • US billionaire wealth exploded by 20% between 18 March and 17 June, report the Institute for Policy Studies and Americans for Tax Fairness. That's an additional $584 billion and 29 new billionaires. Jeff Bezos's personal fortune grew by $43.7 billion - or the GDP of Paraguay.
  • While the net worth of US billionaires soared to $3.5 trillion, US households lost $6.5 trillion, and 45.5 million filed for unemployment, reports Forbes. And the US employment-to-population ratio fell to 52.8% in May, says the Bureau of Labor Statistics. To return to its 64.7% peak in 2000 would mean creating 30 million jobs, says the chief economist at Deutsche Bank.
  • Women workers in Britain have been hit particularly hard by the corona crisis. The number of part-time vacancies fell 69.4% from February to May, finds Adzuna.co.uk. 73% of part-timers are women, says the Women's Budget Group. Mothers are 47% more likely to have lost their jobs than fathers, and 14% more likely to have been furloughed, says the IFS.
  • And it's not just at work. 70% of mothers report carrying the main burden of home schooling, and 67% the main burden of general parenting, says University of Sussex research. 57% told Pregnant Then Screwed that pandemic childcare has damaged their career prospects. Website visits to domestic violence charity Refuge surged 950% under lockdown, the charity reports.
  • Boris Johnson has promised 1.57 billion to rescue Britain's collapsing culture sector. But a quarter of that is in loans, and the rest is a one-off payment. Make it all a grant, and make it permanent - fund access to culture for all workers!
  • Pandemic economic paralysis caused a 17% fall in year-on-year global CO2 emissions in early April, reports Nature Climate Change. This rose to an average of 26% in the countries with strictest lockdowns. To make this permanent, the answer is public ownership and socialist planning to replace fossil fuels. Only this can both improve living standards and deal with the remaining 83%.
  • Even if emissions plummet, climate change in the deep oceans could accelerate by a factor of seven in the second half of this century, finds Nature Climate Change. The vastness of the oceans means heat stored now could continue permeating down for years to come. Marine life could be displaced from food sources and habitats in different layers of the water.

In this issue


Workplace news

Fantastic virtual NSSN conference: "Fight for our lives and livelihoods''

Homerton hospital workers deserve equal pay and conditions

Jobcentre reopening: only union struggle will put safety first

Southampton UCU: election victory for combative rank and file

Tower Hamlets council workers strike against wholesale attack on terms and conditions

Nottingham unions fight council job cuts


News

Fight for every job, fight for socialism

Tory NHS betrayal

Young people have no choice but to fight the system

Leicester: End the scandal of sweatshop labour

Covid pandemic and Northern Ireland - workers must resist the bosses' offensive

1,600 less benefits if your job goes - while super-rich splash cash

Testing: Tories' 5bn gift to private sector

Johnson blames care workers for deaths

3bn green pledge: not enough for climate or jobs

Poverty rises again - especially for BAME workers

Them and us


No going back

No going back: Nationalise social care!


Campaigns

The best place to start - join the Socialist Party

Trans rights protests oppose Tory backsliding

Black Lives Matter - the fight is not over


International news

Hong Kong: The fight for democratic rights

Bangladesh: Stop closure and privatisation of Jute Mills


Readers' opinion

TV: The school that tried to end racism

Books that inspired me: The Fire Next Time

The Socialist Inbox


 

Home   |   The Socialist 8 July 2020   |   Join the Socialist Party

Subscribe   |   Donate   |   Audio  |   PDF  |   ebook