Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://secure.socialistparty.org.uk/issue/1081/30560

From The Socialist newspaper, 6 April 2020

Capitalism causes crisis profiteering: fight for workers' oversight and public ownership

A queue out the door of a pharmacy in East Ham, London, March 2020, photo Dave Carr

A queue out the door of a pharmacy in East Ham, London, March 2020, photo Dave Carr   (Click to enlarge)

Iain Dalton, Yorkshire Socialist Party

The government's laissez-faire attitude towards supplies, in effect contracting out any control of this to the major retailers, means there have been opportunities abundant for speculators to rip people off.

Individual profiteers have been selling items at inflated prices via online marketplace platforms like eBay and Amazon. One user made 1,000 selling toilet roll for double the retail price, according to the Guardian. Another was selling a 72-pack of Andrex for 84.99, more than three times its normal price of 27, with another selling them for 99.90!

Care homes have paid suppliers for aprons at 166% of usual prices, reports the Times - and masks at a whopping 1,000%! One Dr Mark Ali made 1.7 million in just one week selling coronavirus tests through his company, 'Private Harley Street Clinic Ltd', based out of a north London flat.

These were then sent to Randox Laboratories in Northern Ireland. Ali charged 375 a test, while Randox provides them directly for an already-high 120.

Price controls

The capitalist system prioritises profit, not need, and continues to do so even in these crisis conditions. The government should implement price controls, under the democratic oversight of the trade unions, to prevent further abuses.

Big firms which bend the rules should be nationalised. Unions should also elect local committees of retail workers and consumers to control rationing policies where there are shortages, and form part of the oversight of price controls.

These are essential working-class counters to the profit system in this emergency. But the only way to prevent these problems outright is bringing all the major food and staple goods manufacturers, distributors and retailers into public ownership, as part of a democratic plan of production to meet people's needs. That would be a core part of a socialist programme.

Donate to the Socialist Party

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.
  • Our 'fighting coronavirus workers' charter', outlines a programme to combat the virus and protect workers' living conditions.
  • 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.
Inevitably, during the crisis we have not been able to sell the Socialist and raise funds in the ways we normally would.
We therefore urgently appeal to all our viewers to donate to our special coronavirus appeal.

Please donate here.

All payments are made through a secure server.

My donation

 

Your message: 

 


In The Socialist 6 April 2020:


What we think

Tory lies cost lives

End of the Corbyn era - Organise to fight for socialist policies

Workers take action while union leaders call truce with government and bosses


International news

Coronavirus: Amazon workers threaten revolution!

Coronavirus, capitalism and fighting for socialism worldwide


Coronavirus news

Dispatches from the front: shortages of NHS staff, equipment - and union leadership

Expired PPE relabelled for NHS use

The minimum wage must go up! Fund coronavirus workers, not bosses' profits!

Capitalism causes crisis profiteering: fight for workers' oversight and public ownership

Under the microscope: Pandemic news in brief


Workplace news

Where's the PPE Welsh Assembly?

EE puts workers' health and safety at risk

Things will never be the same again

Anger as London local authorities bulldoze through powers to discipline workers

A day in the life of a frontline worker

Victory for Medway bin workers

Socialists in Unite meet via Zoom: Struggles continue in the workplaces


World War Two

Class collaboration and worker militancy in World War Two Britain


Campaigns

Labour leadership election: Starmer wins but the fight for socialism goes on

Coronavirus crisis finance appeal

May Day greetings: we need to fund independent workers' media now more than ever

Getting the Socialist out safely under lockdown


Readers' opinion

Going viral


 

Home   |   The Socialist 6 April 2020   |   Join the Socialist Party

Subscribe   |   Donate   |   Audio  |   PDF  |   ebook






Related links:

Coronavirus:

triangleSE Birmingham Socialist Party: Sport and Coronavirus

triangleSE Birmingham Socialist Party: Was the Coronavirus pandemic inevitable?

triangleWe need readers' support to fight capitalist crisis

triangleGoing viral - Socialist comments and letters

triangleNo return to unsafe construction sites

Workers:

triangleCovid crisis boosts union membership but TUC leaders want to cosy up to the bosses!

triangleEconomic collapse leads to renewed protests across Lebanon

triangle1920s Britain: A "country nearer Bolshevism than at any time since"

triangleThe 'Lucas Plan'

Capitalism:

triangleThe Jungle: capitalism's remorseless attack on workers' safety and conditions

triangleUniversal Basic Income: not a solution to insecurity and poverty under capitalism

triangleBristol North Socialist Party: Crisis, capitalism and class division - a discussion on perspectives for Britain

Public ownership:

triangleToo little too late

triangleNationalise the railways: For an integrated public transport system

Government:

triangleSchools aren't safe

Retail:

triangleUsdaw shop workers' union activists meet via Zoom

Profit:

triangleSocialist planning is the alternative

News and socialist analysis

News and socialist analysis

29/5/20

Labour

Lessons from the Corbyn experience

27/5/20

TUC

Covid crisis boosts union membership but TUC leaders want to cosy up to the bosses!

27/5/20

Coronavirus

Reckless, lying cheats

26/5/20

Coronavirus

Coronavirus pandemic news in brief

26/5/20

Coronavirus

More blunders and profiteering in Tory track-and-trace scheme

26/5/20

Coronavirus

United action can defeat Tories' dangerous school plan

25/5/20

Coronavirus

Care home workers suffer PPE shortage and job loss fears

22/5/20

Coronavirus

Black and Asian Covid-19 deaths: an indictment of capitalist inequality

20/5/20

Coronavirus

Johnson's reckless 'back to school' plans threaten everyone's safety

20/5/20

Coronavirus

Confidence plummets in Tory strategy for Covid-19

20/5/20

Benefits

Universal Basic Income: not a solution to insecurity and poverty under capitalism

20/5/20

Covid

Furlough cut-off could force millions back to unsafe workplaces

20/5/20

Council

Crisis in council services: Labour must fight or stand aside

20/5/20

Rich

Rich get handouts - workers get pay cuts

19/5/20

Coronavirus

Transport workers and passengers mustn't pay the price

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: 079 8202 1969

East Mids: 077 3797 8057

London: 07748 534 891

North East: 078 4114 4890

North West 079 5437 6096

South West: 077 5979 6478

Southern: 078 3368 1910

Wales: 079 3539 1947

West Mids: 024 7655 5620

Yorkshire: 077 0671 0041

ABOUT US

ARCHIVE

Alphabetical listing


May 2020

April 2020

March 2020

February 2020

January 2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999