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From The Socialist newspaper, 30 September 2015

Them & Us

Lethal loan sharks

Payday loans are lethal. Mentally ill teenager Kane Sparham-Price died by suicide on the day loan shark Wonga emptied his whole bank account.

Desperate Wonga clients can end up paying 1,509% of their original loan per year due to compound interest.

Meanwhile, failed bank Northern Rock paid only 2.7% interest on its state bailout in the 2010-2011 financial year. The government paid around 4.2% interest on the debt incurred to buy it!

It's banks like Northern Rock which caused the financial crisis. This gave establishment politicians the cover for cuts which force vulnerable people like Kane over the edge.

A blameless 18-year-old was left destitute - and died. Since 2007, casino cokeheads at the top of UK finance have taken home over 100 billion in bonuses.

Get out of jail free

If one of us terrorised, tortured and dismembered a harmless animal, we could expect prosecution. Rightly so. Even if it was a pest, there'd be general disgust at flamboyant cruelty.

Unless you're a toff huntsman, of course. Then you can just ask David Cameron to write to the police and get you off.

The latest claim from disenchanted Tory donor Lord Ashcroft is that Cameron intervened to save huntsman pal Julian Barnfield. Aschroft says the Conservative leader told cops to drop a case against Barnfield for illegal fox hunting.

The super-rich pay establishment MPs to make laws in their favour. When one slips through they don't like, they just tell their lackeys to ignore it.

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Coronavirus crisis - 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.

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 click here to donate to our special coronavirus appeal.

In The Socialist 30 September 2015:


Socialist Party news and analysis

TUSC: Central in the battle for a working class anti-austerity voice

Socialism is back!

Free school meals cut as poor children go hungry

Pollution cheat Volkswagen kills thousands for profit

Gouging boss demands price hike for life-saving drug

Gravy-train Labour MP claims expenses to rent house next door

Tower block residents defend homes

Them & Us


Socialist Party features

How can we bring down the Tories?

Lessons from the past: Liverpool City Council 1983-87

Give us the resources to defeat the Tories

Subscribe to a paper by workers, for workers


International socialist news and analysis

EU ministers squabble while refugees drown

Hungary's xenophobic right-wing government

USA: Socialists breaking 'political stagnation'

Kazakhstan: workers solidarity action


Workplace news and analysis

Junior doctors fight government attacks

Nominate Roger Bannister for Unison general secretary

Hypocritical attacks on tube control room strike

Review: Kill the Bill

Workplace news in brief


Socialist Party reports and campaigns

Anger and protest against fire service cuts in Leicestershire

Come to Socialism 2015


 

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Related links:

Them & Us:

triangleThem & Us

triangleThem & Us

triangleThem & us

triangleThem & Us

triangleThem & us

US:

triangleFully fund hospices to care for vulnerable children

triangleScandalous conditions in food distribution centre

triangle30 years since the huge anti-poll tax demo... And how mass non-payment of the tax was built

Northern Rock:

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

triangleTories flog bank assets to hellhound US profiteers

triangleNationalise the banks

Lord Ashcroft:

triangleQuiz of the year

triangleCameron must go

Super-rich:

triangleTake the wealth off the super-rich

State:

triangleAs coronavirus crisis intensifies, class antagonisms deepen

Debt:

triangleLebanon - mass protests cut across sectarian division

Cuts:

triangleNewham campaign set up against council cuts and tax hikes

Banks:

triangleThem & Us

Bonuses:

triangleArgos Christmas bonus cut

David Cameron:

triangleThe Cameron Tory legacy

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