Link to this page: https://secure.socialistparty.org.uk/issue/872/21501
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.
- 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.
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- 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.
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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
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