Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page:

From The Socialist newspaper, 30 April 2015

And the rich just get richer!

Membership of this club doesn't come cheap. In fact, it'll cost you a minimum of 100 million to be featured in the Sunday Times Rich List.

The latest tally of the UK's richest 1,000 individuals and families reveals a combined wealth of 547 billion. That figure covers assets, property and shares but excludes what they have salted away in onshore and offshore bank accounts.

And while us mere mortals have seen our pay and savings shrink to next to nothing since the 2008 capitalist recession, these masters of the universe have seen their collective wealth double. And yet the pro-austerity politicians still insist there is no money around to maintain services.

The ever-widening wealth gap between the 0.1% super-rich and the overwhelming majority blows a massive hole in the Tories' much vaunted 'trickle down' theory of economic prosperity. Indeed, the situation in Britain is better explained by a 'hoovering-up' theory of inequality!

The current rich list includes 117 billionaires - up from 104 last year. Of these, 80 reside in London - giving the capital the unenviable record of hosting more pound billionaires than any other city in the world, and helping to push property prices into the stratosphere.

Top of the pile with 13.7 billion, is Ukrainian capitalist tycoon Len Blavatnik. His empire, which includes Warner Music Group, swelled by 3 billion last year. That must be of cheer to his fellow countrymen and women shivering in a bombed out basement in Donetsk.

The owners of Selfridges and Primark - Galen and George Weston and family - have also enjoyed a profitable year, seeing their wealth leap upwards by 3.7 billion to 11 billion. No doubt, their outsourced south Asian clothing workers are looking forward to a bumper wage rise!

Of course, capitalism is an economic system not just a conspiracy of rich people. As such it requires a socialist transformation by the working class to end inequality. That said, a wealth tax levied on the 1% would be music to our ears, Mr Blavatnik.

Britain's richest people increased their wealth by over 28 billion last year.

The Equality Trust reckons that 28 billion could:

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 government has now ripped up its 'austerity' mantra and turned to policies that not long ago were denounced as socialist. But after the corona crisis, it will try to make the working class pay for it, by trying to claw back what has been given.

  • 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.
  • When the health crisis subsides, 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 30 April 2015:

Socialist Party news and analysis

NHS in crisis

After the election: prepare for the battles to come

Establishment witch-hunt in Tower Hamlets

Rent controls? Another Labour fudge

And the rich just get richer!

Them & Us

The Socialist election schedule

International socialist news and analysis

125 years of May Day: Learn lessons of past struggles

Ireland: crucial stage for water charges

Greece: gold mining meeting

Special feature

Socialist plan or capitalist chaos

Why you should join the socialists

Elections 2015

Why the Trade Unionist and Socialist Coalition?

Why I'm standing

Key working class fighters rally to TUSC

Anti-cuts councillor set to defend seat

Pop star and activist Jawad Ahmad backs TUSC

Why many class fighters won't vote Labour

Socialist Party workplace news

Labour Party link dominates conference discussion

Dundee porters force NHS bosses to retreat

Glasgow homelessness caseworkers' strike

MoD IT workers demand decent pay

Bromley workers escalate strikes

Bradford bus drivers strike against job losses

Wales: Hundreds protest cuts to adult education

Barking bin workers walkout over pay cuts

May Day Greetings

May Day Greetings in the Socialist 2015 - pdf


Home   |   The Socialist 30 April 2015   |   Join the Socialist Party

Subscribe   |   Donate   |   PDF  |   ebook

Related links:


triangleEngels on the origins of women's oppression

triangleBetter for billionaires. Worse for workers

triangleBAME Covid deaths due to capitalist inequality, confirms government

triangleMillennials disillusioned with 'democracy'

triangleOver 30% of children living in poverty


triangleNews in Brief

triangleMake the super-rich pay, not the poorest

triangleRich countries hoarding vaccine is danger to us all

triangleSuper-rich tax evasion costs 34 million nurses worldwide


triangleUniversal Basic Income: not a solution to insecurity and poverty under capitalism

triangleRich get handouts - workers get pay cuts

triangleBail out the real wealth creators, not the rich


triangleMorrisons - 10/hr headline hides divisive pay offer

triangleBritish Gas strike continues


trianglePeace and Justice Project - no way forward for socialism

News and socialist analysis

News and socialist analysis


Socialist Party

Socialism the podcast: 2020 episodes



May elections: Tories and Labour's Khan both vying to slash public services


Jeremy Corbyn

Peace and Justice Project - no way forward for socialism



USA in crisis - the need for a socialist alternative



News in Brief



Millionaire tendency regains control of Scottish Labour



Vaccine confidence - a worker's response


Social Media

Trump Twitter ban: only independent workers' voice can defeat right



Make the super-rich pay, not the poorest


Working class

The Tory blame game: scapegoating the working class - 100% pay for all now



Covid: Bosses chase profit and put workers in danger



Latest Socialism podcast: The outlook for class struggle in 2021



Global capitalism at most dangerous conjuncture since the 1930s



Fully resource the vaccination programme now



Covid vaccine nationalism threatens pandemic response

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



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: 079 3539 1947

West Mids: 024 7655 5620

Yorkshire: 077 0671 0041



Alphabetical listing

January 2021