Public

Privatising Profits, Socialising Losses

Free market theory argues that hedge funds,…currency speculation, private equity firms and the other obscene money making machines are somehow vital to…the economy…. [This] is a joke. They contribute nothing…and are merely a means by which the super-rich get even richer. Real economic wealth is created by the working class who…create the goods and services that are vital to society…

(from Hedging their Bets, DA39 summer 2007)

Almost totally lacking in regulation – that is, until the recent “stable door bolting” emergency restrictions against “short selling” and betting on declines in financial markets – hedge funds and their ilk have constantly moved trillions of dollars around the globe searching for ever higher returns and leaving economic chaos in their wake. And so it has proven yet again.

Catalyst #25 is out !

The new Catalyst is out. In this issue:

Actions speaks louder: Did the trashing of Tory HQ at Millbank in November mark the start of a militant anti-cuts movment?
Direct Action: Centrefold poster to pull-out and keep - or decorate your local occupation with!
Housing benefit cuts spark poverty fears: We interview a claimant.
'All joined up': An interview with a French teacher who participated in the general strike and economic blockades there.
Pensions under threat: Divide and rule game looks set to undermine both public and private sector workers' pensions.
Know Your Rights: A brief guide to the law around Redundancy

Direct Action

"Direct Action is a notion of such clarity, of such self-evident transparency, that merely to speak the words defines and explains them. It means that the working class, in constant rebellion against the existing state of affairs, expects nothing from outside people, powers or forces, but rather creates its own conditions of struggle and looks to itself for its means of action." - Emile Pouget

What is it?

Comment & Opinion: Time to act

Class matters in Britain today. It always has, but for a long time the media and politicians have pretended that the real divisions in this country are among those who work or are on benefits. I disagree and instead hold that the real differences are between those who own and control the economy and those of us who don’t. Put it like this: the country is run in the interests of that tiny elite. The public face of that elite are often politicians, whose parties claim to be different but actually share more than they differ. We had thirteen years of Labour government, acting in the interests of that elite, despite their rhetoric. Who did well? Bankers and financiers, property developers, management consultants, PFI owners. Who didn’t? Almost everyone else, particularly if they didn’t benefit from rising house prices.

Against the Cuts in Northampton

Northampton Solidarity Federation joined the small protest in Northampton town centre today against the budget cuts.  The protest was centred on the uk uncut protest and focussed on the contradiction between cutting welfare and services on the one hand whilst allowing the rich, and large businesses to avoid, legally and illegally, billions in pounds of taxation.

This discrepancy lies at the very heart of our economic system and the politics which go with it.  When push comes to shove we see that all works for the benefit of the rich and the workers pay the cost.  Welfare is cut: are tax avoiders chased,  are tax loopholes closed?  Bankers crash the economy with their greed for bonuses, are they chased down and held to account?  Of course not: that's not how the capitalist system work:, run by the rich for the rich.

 

A report on the Portuguese General Strike of November 24th

The following is a report by our Portuguese sister organisation on the one-day general strike that paralyzed Portugal on November 24, as Portuguese workers fight austerity measures being imposed by the Socialist Party government.

This is the first general strike in Portugal for the last 22 years and that alone should shed some light over the social situation in this country. In fact, class struggle in Portugal is quite low and the number of strikes has actually been falling for the past thirty years, despite the continuously worsening situation of the Portuguese working class. Unionisation rates tend to fall as well, as the two large Portuguese party-run Trade Unions serve more to appease and stall conflicts than to fight exploitation, and that hasn't gone unnoticed.

Liverpool SolFed on the tragedy at Sonae

Below is the text of a letter sent by our local to the Liverpool Echo following the recent tragic deaths at the Sonae industrial plant. An edited version of the letter was printed in the newspaper on December 14th 2010.

I would like to express my condolences to the family and friends of the two workers, Thomas Elmer and James Bibby, who died following an accident at the Sonae factory in Kirkby.
 
It is tragic that, in this day and age, workers still risk losing their lives while simply doing their jobs.
 
It's not the first time Sonae has been in the news for all the wrong reasons. In the past there have been fires, chemical leaks and environmental concerns expressed by local residents.