The Socialist 27 January 2016

Housing: smash the Tory wrecking bill

Housing: smash the Tory wrecking bill

Davos summit: a broken capitalist system

Google pays pittance for avoiding £2bn tax

Red doors and wristbands scandal

Steelworkers may face benefit cut-off for not seeking bar jobs

Oscars snub black artists: fight racism and austerity in the arts

Labour councillor smears TUSC policy as 'BNP'

Them & Us

Top tweets: #TraditionallySubmissive

Teaching: a perfect storm is brewing

Teachers need national strategy for a national struggle

A day in the life of a teacher and mother

New wave of protests in Tunisia

India: student death exposes caste oppression

Tories 'Prevent' civil liberties

Labour councillor suspended for fighting cuts

Dave Nellist's byelection appeal to Jeremy Corbyn: 'let's discuss how to fight the cuts'

Labour election post-mortem: nothing to report!

The dark arts of Labour's right

Councillors must fight to defend our services

'People's budgets' and local democracy

Lewisham: no backsliding in council cuts fight!

"I have left work many times in tears" - a council worker

Trade union bill will stretch resources and limit action

Birmingham teachers strike to resist academy attack

24-hour tube strike suspended

Care services under threat in Haringey

Workplace news in brief

The end for deep coal mining jobs in Britain

Obituary: Dean Meehan 1962-2016

Letters

Protesting against closure of Huddersfield A&E

Coventry children's services closure protest

New Socialist Party branch fights against St Austell austerity

Socialist Party discusses the fight for socialism

Socialist Students bake-off

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Davos summit: a broken capitalist system

Take the wealth off the 1%!

Monopoly man with axe dancing on money bags, photo torbakhopper (Creative Commons)

Photo torbakhopper (Creative Commons) (Click to enlarge)

Robin Clapp

At their annual semi-secret get together in Davos, Switzerland last week, 3,000 bankers, industry chiefs, media moguls and capitalist politicians met to deliberate the state of world affairs.

Their primary concerns were not that 900 children worldwide still die every day from drinking polluted water, or that climate change scientists have warned that 2015 was the warmest year ever recorded.

Nor were they embarrassed that under their ownership of the world economy the wealth gap has now widened to such mind-boggling proportions that just 62 multi-billionaires own the same amount of wealth as the poorest 3.5 billion people across the globe.

Inequality

This shocking report on inequality from Oxfam, concerned them far less than the news that their private casinos, more commonly known as the world's stock markets, had been experiencing difficulties that were undermining their profits and prospects.

These self-declared masters of the universe were forced to conclude that their system isn't working properly. Pumping the banks full of money through Quantitative Easing has merely created more debt and inflated asset prices.

The much-lauded recovery from the 2008 economic crash is unstable and without real foundation. Now, slowing growth in China, recessionary trends in Europe and plunging oil prices, are all creating a perfect storm of global gloominess.

But once again it's the working class and the poor who will be expected to pick up the tab for capitalism's failures. Our living standards haven't risen during the so-called recovery. On the contrary, savage cuts to jobs, wages and conditions are the new normal.

People know this system doesn't deliver for them and their families. What is needed instead is an alternative for the 21st century - a socialist system, where the real wealth creators, the 99%, control and own the wealth produced, thus providing the 1% represented at Davos with their final redundancy notices.

In this issue

Socialist Party news and analysis

Housing: smash the Tory wrecking bill