Link to this page: https://secure.socialistparty.org.uk/issue/1041/29072
From The Socialist newspaper, 8 May 2019
Them & Us
Them and us (Click to enlarge)
Measures to curb excessive executive pay have "failed", according to the High Pay Centre. Every single binding shareholder vote between 2014 and 2018 at FTSE 100 companies approved top executive pay.
Nowhere even came close to rejecting these gargantuan handouts. Only in 11% of instances did more than a fifth of shareholders 'rebel'.
Average FTSE 100 chief executive pay rose to £3.9 million in 2017 - 137 times the average worker's pay.
Tinkering with the capitalist system won't work. Only by implementing socialist policies - nationalising the FTSE 100 under workers' control and management, with compensation paid only on the basis of proven need, not to the fat cats - can we end grotesque wealth inequality.
Nationalisation not deregulation
Southern Rail, photo Hugh Llewelyn/CC (Click to enlarge)
The Rail Delivery Group - representing rail companies - has tried to sideline nationalisation attempts and protect profits by calling for a new 'independent' body to oversee the network.
Transport union RMT general secretary Mick Cash said private rail operators were proposing "a deregulated free for all where private train operators slug it out on the most lucrative routes" and that it would be "a break from the last shreds of accountability."
First past the post 'failure'
The current 'first past the post' electoral system abets "extremism" and discourages "moderate" politics, according to the Constitution Society.
What the ruling class fears most is the euphoria unleashed by a Jeremy Corbyn government implementing anti-austerity policies, and workers demanding more.
But it's not first past the post that's put this on the table. It's a decade of capitalist economic crisis and austerity, demonstrating the need for a socialist alternative to millions of workers and young people.
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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 8 May 2019:
Socialist Party election analysis
Local elections: Tory meltdown but Labour loses ground
England council elections: socialist anti-cuts message chimes with voters
Leicester elections: "We planted a marker for the future"
Bolsover elections: Labour's cuts councillors punished by voters
Halton Brook election: support for our policies on doorstep
International socialist news and analysis
Spanish elections - new upheavals underline need for a revolutionary socialist alternative
Socialist Party news and analysis
Climate catastrophe looms: we need socialist change
Young and old, unite and fight!
Water bosses plan to undermine nationalisation: no compensation for fat cats!
Northern Ireland: Socialist wins council seat
Them & Us
Workplace news and analysis
Unions must back a general election and oppose bosses' EU
Doncaster NHS pay win shows: strikes can get results!
PCS union: listen to members, link the campaigns - we can win fight on pay
Usdaw union conference demands action on pay, jobs and the right
UCU general secretary election: fight for a left leadership!
Newham gas workers to strike
Hull dinner ladies protest against loss of week's pay
Asda workers protest against attacks on paid breaks and bank holiday working
Woolwich Ferry staff to strike over pay and safety
Radiographers' union slams professional costs
Socialist Party reports and campaigns
Labour launches homelessness campaign
Socialist vision at Leeds May Day rally
Alternative housing awards shames bosses
Sequel to 'A Very British Coup' - workers' struggle, not bosses' EU and media, is route to socialism
'Line of Duty' - twists and turns as organised crime meets police corruption
The Socialist Inbox
The Socialist 8 May 2019 |
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