Greed and Capitalism

What kind of society isn't structured on greed? The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of a system.
- Milton Friedman

Friday, December 2, 2011

Jobs Not Austerity

An estimated two million other public sector workers staged a one-day general strike across Britain Wednesday (11/30).
That strike – the largest labor action in Britain in 30 years – closed 62 percent of the public schools in England, Scotland and Wales in addition to shuttering many government offices (local and national) including courts plus disrupting government services, such as forcing the postponements of some

...over 25,000 public workers staged a rally and march that was one of over 1,000 protest actions by workers across Britain on November 30th. 

The flash point of the strike is the British government’s demands that public sector workers make higher contributions to their pensions and work longer before retirement.

Yet, the wider context of the strike is the set of austerity measures Britain’s conservative leaders say are required to reduce massive national budget deficits.

Deficit reduction actions, many contend, are unfairly targeting the middle and lower classes by forcing them to pay for the economic woes created by the upper class that is largely escaping the slash-and-burn pain of tax increases and service cuts.

Those participating in the general strike challenge claims pushed by conservative government officials and media coverage that public sector workers enjoy plush pensions particularly when compared to private sector workers.

The average pension for a worker in the National Health Service – Britain’s largest public sector employer – is $12,500 annually in U.S. dollars…hardly sufficient for a lavish life style, especially with the costs of food, energy and seemingly everything else soaring.

According to Britain’s Trade Union Congress, a key organizer of the general strike, public sector pensions average between $7,859-to-$14,147 annually in U.S. dollars.

Many workers argue that government official’s the pitting of public sector pensions against pensions for lower-waged workers in the private sector is both deceptive effort devised to maliciously divide workers.

Watson said there should be “parity” between public and private sector pensions but divide-and-rule tactics are a part of “the general attack” by the conservative government to “claw back” gains that workers have achieved in the past few decades.
 
The day before the November 30th general strike, Prime Minister Cameron’s finance head, George Osborne, announced new austerity-driven fiscal measures including pay freezes for public workers and hundreds of thousands of additional job cuts in the public sector.

Osborne’s announcements did include plans for billions in infrastructure improvements to stimulate the economy, government loans for small businesses to expand, targeted programs to reduce massive youth unemployment and increases in welfare benefits.
 ... reports from think-tanks of a possible new recession in Britain, steep reductions living standards for the average family and the poorest 30-percent of households losing more than three times as much as the richest 30-percent of the population.

Others outside of public sector employment also oppose the austerity initiatives, criticizing the failure of the Cameron coalition government to end accelerating income inequities and crack down on the corporate classes that created the economic collapse with manipulative enrichment-schemes.

Austerity actions, Tongogara said, are increasing rates of poverty, especially among children and the elderly – an assertion backed by economists and other experts. “The rich continue to off-shore billions of pounds to avoid paying taxes. Tax evasion is illegal for working people but tax avoidance is not illegal for the rich…that is wrong,” he said.

Activist Selma James, 81, criticizes Cameron’s coalition government for failing to seriously address accelerating income inequities that aggravate existing poverty particularly impoverishment impacting children and the elderly.

“The 1% is pushing us around determining our lives, stealing our money, our resources and our possibilities,” James, the founder of London’s Crossroads Womens’ Centre, stated in an email interview.

James, the widow of the late Caribbean author/activist C.L.R. James, said actions like the general strike and the Occupy Movement are vital.

Those activities, said James, are a “strength for all to stop suffering in silence and spell out our real conditions of life and the brutality we try to defeat every hour we’re alive.”


Britain's situation is a microcosm of what is going on all over Europe with the credit and banking system problems leading to calls for austerity from all governments.   

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