That's Capitalism (WS40)


That's Capitalism

The latest firm to claim it can't pay the last phase of the PESP on time is Albert Reynolds C+D Petfoods. It must be awful to be a poverty stricken millionaire Taoisheach!

*****

In the six counties, supposedly an "integral part of the United Kingdom", average income has dropped from 83% to just 70% of the British average.

*****

60% of Reagan's cabinet were millionaires or near millionaires. This rose to 71% under George Bush. But Clinton, the great hope of the liberals, has seen to it that 77% of his nominees are millionaires or within spitting distance.

*****

After all the promises of job creation in return for votes and PESP agreements, there are now more people unemployed in the 26 counties who have been on the dole for over three years than the total unemployment figure for 1971.

*****

The British government plans to sell off Belfast International Airport at Aldergrove. Millions of pounds in EC grants were given for its modernisation, and now all this will go to capitalist privateers at a knock down price.

*****

Allied Irish Bank have announced that they will soon be putting up bank charges because their "margins are nder pressure". Their idea of being "under pressure" is a strange one as they also announced increased profits of £139 million for the first half of 1993, an increase of 42% in six months.

*****

While the bosses' organisation IBEC moans about "excessive" public sector wages the OECD has reported that the pay of clerical assistants in the civil service dropped from 60% of the average industrial wage in 1981 to 50% in 1991. Some earn so little they qualify for the Family Income Supplement.


From Workers Solidarity No40, 1993