Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://secure.socialistparty.org.uk/issue/977/26670

From The Socialist newspaper, 10 January 2018

Them & Us

Them and us

Them and us   (Click to enlarge)

How many billions of pounds did your asset portfolio appreciate by in the last year? Is it zero?

We knew it. You idiot! Instead of frittering your wages away on beans and rent you should be pumping it into financial speculation.

Here's what you could have won, compared to what you actually did...


You should have bought a bank. The Tories gave 4.4 billion to banks in tax breaks last year, according to Labour analysis. Banktastic!

You now get less chocolate orange for the same price - increasing profits while cutting your chocolate, photo by Evan-Amos (CC)

You now get less chocolate orange for the same price - increasing profits while cutting your chocolate, photo by Evan-Amos (CC)   (Click to enlarge)

Instead you bought a smaller chocolate orange. Last year Terry's shrank 10%, from 175g to 157g - for the same price. It's called 'shrinkflation', but it's more about shrinking your wallet than your waistline.


You should have worked less. The heads of top FTSE 100 firms earn 160 times the average wage of 28,200, according to last year's High Pay Centre analysis of 2016. At that rate you could afford to go home before you get out of bed!

Instead you worked too much. One in ten workers are officially "overemployed," working more hours than they want to, according to the Office for National Statistics (ONS). Overwork is certainly more rife than that shows. Meanwhile a lot of us want more hours - or at least more secure hours.


You should have played the stock market. Last year the world's finance casinos gained $9 trillion in (fictitious) value, according to analysts at MSCI. Spiv-a-licious!

Instead you played the jobs market. On top of endemic overwork and underemployment, both employment and job vacancies have started to fall. Unemployment also fell - because the long-term jobless are giving up looking, as shown in ONS figures for the third quarter of 2017.


You should have been an oligarch. The world's richest 500 billionaires boosted their wealth by $1 trillion last year, according to Thomas Piketty's World Inequality Report. (See also letters, page 12.) Capital!

Instead you were a worker. Britain's 800,000 agency staff - that's four times the size of the army - are underpaid by 400 million a year, says the Resolution Foundation. And 4.6 million people in the UK are in "persistent poverty," according to the latest ONS figures for 2015.

Why not click here to join the Socialist Party, or click here to donate to the Socialist Party.


In The Socialist 10 January 2018:


What we think

Sustained mass movement needed to stop Tories wrecking our NHS


International socialist news and analysis

Movement challenges Iranian regime

Sweden: School strike against deportations


Socialist Party news and analysis

Cabinet chaos as shambolic reshuffle underlines Theresa May's impotence

Bigot Toby Young quits - now scrap the new uni regulator driving privatisation

Teacher recruitment falls by a third - cut workload, not funding

Them & Us


Socialist Party workplace news

McDonald's strike wins biggest pay rise in ten years

RMT rail members buoyed by coordinated action

Amy Murphy for Usdaw president - vote for a fighting and democratic union

Newham academy strikes spread to Cumberland school

UCU members balloting for action on pension cuts


Socialist Party reports and campaigns

2017 was the best fighting fund total this century!

Socialist sales highest in years as mistrust in capitalist media hits record levels

Hoxton: "Stop this unwanted development"

Closure of Nottingham unit shows dismantling of NHS


Socialist Party comments and reviews

Art can help expose sexual harassment

Debate: should tower blocks form part of socialist housing policy?

The Socialist Inbox


 

Home   |   The Socialist 10 January 2018   |   Join the Socialist Party

Subscribe   |   Donate   |   Audio  |   PDF  |   ebook






Related links:

Them & Us:

triangleThem & Us

triangleThem & Us

triangleThem & us

triangleThem & Us

triangleThem & us

US:

triangleBezos housing hypocrisy

triangleThe ongoing capitalist crisis and the struggle for a socialist world

triangleThem & us

triangleTrump ally prosecutions

Market:

triangleBig drugs companies dodge 3 billion pounds in tax

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

triangleSocialist nationalisation: what it is and why we need it

Wages:

triangleLondon cleaners' strike: 'Pay us a living wage!'

triangleDWP surrenders to union pressure - now vote Yes to smash pay cap for everyone

Pay:

triangleUniversity pay ballot: vote yes for strike action!

Poverty:

triangleFearful bosses call for 'fairer capitalism'...

Inequality:

triangleBosses' pay up a fifth while workers' pay falls ...

Army:

triangleExclusive interview with Gazan activist: "The more they kill us, the more the anger increases"

Banks:

triangleUniversal credit causes £24m rent arrears

News and socialist analysis

News and socialist analysis

19/9/18

Labour Party

Blairites must go

19/9/18

Student

Mobilise mass student fightback

19/9/18

Housing

250,000 families in "non-decent" homes

19/9/18

EU

The fog of Brexit

19/9/18

What we saw

What we saw

19/9/18

Rail

Rail rip-off reversal

19/9/18

Momentum

Momentum's 'The World Transformed' blocks discussion on Liverpool council struggle

19/9/18

Labour Party

The struggle to transform Labour

18/9/18

Drug companies

Big drugs companies dodge 3 billion pounds in tax

13/9/18

PCS

PCS: the real issues at stake - a reply to Socialist View

12/9/18

Labour Party

Corbyn must lead in fight against the Blairites

12/9/18

Capitalism

Fearful bosses call for 'fairer capitalism'...

12/9/18

Food

4m children in homes that can't afford fruit and veg

12/9/18

Them & Us

Them & Us

12/9/18

Academies

School students in solitary: for full funding, not exclusion!

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

LATEST POSTS

CONTACT US

Phone our national office on 020 8988 8777

Email: info@socialistparty.org.uk

Locate your nearest Socialist Party branch Text your name and postcode to 07761 818 206

Regional Socialist Party organisers:

Eastern: 0798 202 1969

East Mids: 0773 797 8057

London: 020 8988 8786

North East: 0784 114 4890

North West 07769 611 320

South East: 020 8988 8777

South West: 07759 796 478

Southern: 07833 681910

Wales: 07935 391 947

West Mids: 02476 555 620

Yorkshire: 0114 264 6551

ABOUT US

ARCHIVE

Alphabetical listing


September 2018

August 2018

July 2018

June 2018

May 2018

April 2018

March 2018

February 2018

January 2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999