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From The Socialist newspaper, 30 June 2021
Millionaires multiply during pandemic
Rich get richer, poor get poorer (Click to enlarge)
There are now more millionaires than there ever has been, an extra 5.2 million of them. It turns out, if you own high-value property, or have substantial investment in stocks and shares, the economic bailout measures have suited you just fine.
Meanwhile, millions of us remain on furlough with a 20% pay cut, have been thrown onto the unemployment scrapheap, face bosses' 'fire and rehire' or a public sector pay freeze.
Global wealth grew by 7.4% in 2020, despite the devastating health and social consequences of the pandemic. It is clear where that wealth has gone. For workers to get our hands on it, we need to nationalise the banks and big companies under democratic workers' control and management. Coordinating internationally, and on the basis of a socialist plan, wealth can be redistributed to meet the needs of all, including the 55% of the world's population who currently own just 1.3% of the world's wealth.
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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 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.
- 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 Fighting Fund.
In The Socialist 30 June 2021:
What we think
NHS after 3 July protests Trade unions must organise serious action
NHS
Fight the health and care bill
Keep private hands off NHS patient data
We don't want a USA-style healthcare system
Railways
Post-pandemic railway battles loom
News
Millionaires multiply during pandemic
Dalian Atkinson - police found guilty of killing ex-footballer
Biden police reform
Workplace news
Socialist candidate wins NIPSA general secretary election
Gateshead: Sacked electricians reinstated
Support Gary Clark for CWU executive
Support Sharon Graham for Unite general secretary
End bullying and victimisation at Oaks Park school
Unite members step up action against bullying Mungo's managers
Sandwell Leisure workers: No to 'fire and rehire'
International
German Greens: The image and reality
Campaigns
Protesters halt Nadia's eviction
Brighton: Moulsecoomb strike against academisation
York residents demand land for local community needs
Young Socialists march in London
Pride is a campaign, not a business opportunity
Readers' opinion
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2021