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From The Socialist newspaper, 5 September 2018

Them & Us

Them and us fishes, photo Suzanne Beishon

Them and us fishes, photo Suzanne Beishon   (Click to enlarge)

Lehman blow-out...

Lehman Brothers bankers who helped cause the 2007-08 financial crash are throwing a ten-year reunion party, says Financial News.

The collapse of the investment bank was a major turning point in the credit crunch. Why celebrate that?

Ordinary workers at Lehman Brothers and in wider society faced redundancy and eviction. But top bosses snuck out the back with the swag - and moved on to the next cushy gig.

... workers' debt

For the working class, of course, the credit crisis never ended. Not only has the economic 'recovery' not reached us - but UK households have hidden debts of 18.9 billion, says Citizens Advice.

The sum of missed bill payments has soared by 34% since 2010 when the Tories came to power. And consumer borrowing is rising well above meagre pay - hitting 213 billion in June, says the Bank of England.

Hull protest against the Bedroom tax - Debt = Slavery, photo Lash

Hull protest against the Bedroom tax - Debt = Slavery, photo Lash   (Click to enlarge)

Golden wings...

Are you so revoltingly, dizzyingly minted that gold is literally disposable for you? How about chowing down on some gold-plated fried chicken?

An upmarket New York restaurant began selling $1,000 chicken wings slathered in 24-carat gold sauce earlier this year.

Or you could jump in the chopper and head to Miami, where you can pick up a dozen gold-coated doughnuts for $1,200.

... kids' junk food

Meanwhile, anti-union multinational McDonald's is allowed to plug junk food to our children because Britain's advertising regulator has ruled Happy Meals 'healthy'.

The Advertising Standards Agency said last month that Coco Pops and KFC commercials are not allowed around kids' shows. But cartoon-themed McDonald's nosh is acceptable because it can include non-junk options.

Of course, parents should be allowed to treat their kids to McDonald's. But get real. Pushing the brand during Peppa Pig is not about encouraging balanced dietary choices.

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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.

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In The Socialist 5 September 2018:


What we think

Unions must lead in fight to kick Tories out

Labour: Blairite wreckers must be given the boot

Theresa May's 'Chequers deal' mauled by Johnson and EU: fight for a socialist Brexit!


Socialist Party reports and campaigns

Fight racism, fight capitalism!

Legal Costs Fund Appeal launched for former Derby TUSC election agent

Birmingham Socialist sales success

Obituary: Stan Herschel


Socialist Party news and analysis

Tory and Blairite racist policy is behind Windrush fatality

Self-harm soars among young: fight the mental health crisis

Them & Us

Capitalism in crisis: news in brief

What we heard


PCS union

PCS union: build the fight for a pay rise and against austerity - re-elect Chris Baugh

DWP: PCS union builds fightback on pay

PCS members in Land Registry demand 6% pay rise


International socialist news and analysis

Germany: violent attacks in Chemnitz - how can the far right be stopped?


Workplace news and analysis

Shop workers hungry for 10 an hour now and an end to zero-hour contracts

Guards continue fight against driver-only operation following Merseyrail victory

Higher education ballot: vote Yes and strike for pay and equality!

Housing workers walkout forces improved pay deal

Liebherr Sunderland strike continues


Opinion

A day in the life of a carer: "I am having trouble feeding my children on my wages"

The Socialist inbox

GDPR data laws: Punishing workers for human mistakes


 

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