Link to this page: https://secure.socialistparty.org.uk/issue/1008/27909
From The Socialist newspaper, 5 September 2018
Them & Us
Them and us fishes, photo Suzanne Beishon (Click to enlarge)
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 (Click to enlarge)
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.
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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: 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
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
The Socialist 5 September 2018 |
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