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9 June 2021

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G7 Can't solve poverty, Covid and climate change - join the struggle for Socialism

Jarrow demonstration: we are the 99% Take the wealth off the 1%, photo Paul Mattsson

We are the 99% Take the wealth off the 1%, photo Paul Mattsson   (Click to enlarge)

A lot has happened since the G7, a group of rich capitalist nations including the UK and US, last met in summer 2019. Since then, the capitalist system's inability to respond to the Covid-19 pandemic has been a disaster for most of the world's working class and poor.

The G7 summit from 11-13 June brings together the political leaders of nations with vast economic wealth, around 30% of global GDP. But over decades they have demonstrated their inability to solve global poverty or halt climate change.

That's because, without exception, the leaders are unprepared to do anything that would fundamentally challenge the economic dominance of the super-rich, and the systematic exploitation we experience under capitalism.

The pandemic has acted as a brutal but effective teacher for the world's population. At every stage of the unfolding catastrophe, global capitalism has been further exposed. While the virus has already cost 2.5 million lives worldwide, in the same period the ten richest billionaires have increased their fortunes by $500 billion.

The billionaires and their political representatives are scared of the mass upheavals that are coming, fuelled by seething class anger. That's why they have preceded the summit with announcements of a suggested 15% minimum corporation tax rate.

The summit will discuss a target for global vaccination by the end of 2022, stopping climate change, and how to shore up a sustained economic recovery. But none of these objectives can be achieved by a system based on maximising the profits of a tiny minority.

We need to fight for a world where the vast wealth in society is used to provide for the needs of humanity. That means taking the major corporations and banks into democratic public ownership as part of a socialist transformation of society.

A starting point is to build powerful organisations of the working class, to build fighting leaderships in the trade unions, and to assist in the creation of a new mass party for workers in Britain and around the world.

To help us in that struggle, join the Socialist Party.

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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.

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In The Socialist 9 June 2021:


News

G7 tax deal won't challenge corporate power

Dea-John Reid murder: Jobs, homes and services, not racism

Tory school catch-up plan: Fight for the funding our schools and colleges need

Post-Brexit trade deals: Workers' mobilisation needed to stop corporate extortion

G7 green hypocrisy

New book - coming soon: The Struggle for World Socialism

G7 Can't solve poverty, Covid and climate change - join the struggle for Socialism


What we think

Tory splits and infighting growing


NHS

'Let's fight to win on NHS pay and funding'

We're building for 3 July NHS protests


Workplace news

Goodlord striker speaks out: How we unionised and fought the bosses

Revolt against 'social partnership' at Wales Trades Union Congress 2021

Douwe Egberts workers strike against pay cuts of up to 12,000 a year

London workers prepare to fight Khan's transport cuts

If unions give a lead, workers are fully prepared to fight and win victories

Fight for a socialist leadership in PCS, build a fighting, democratic union!

Workplace news in brief


Lessons from history

The 1971 Upper Clyde Shipbuilders occupation and work-in


Campaigns news

Cladding safety: Protests demand developers and government pay

"Rights are won not given" - London refugee wins housing debt campaign

Hundreds march to scrap Silvertown Tunnel project

Shame on Clarion - another exploitative landlord


Israel/Palestine

Palestinian self-determination - is the solution one state or two?


Readers' opinion

TV review: Mrs Thatcher vs the miners

Readers' Opinion


 

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Related links:

Climate change:

triangleSunak's climate finance agenda typifies capitalism's COP26 failure

triangleYouth fight for well-paid green jobs and socialist change

triangleHackney & Islington Socialist Party: Socialist change to reverse climate change

triangleThousands march in Glasgow and elsewhere to save the planet

triangleCapitalism's COP26 failure: socialist planning vital

Socialism:

triangleSocialism 2021: How we reached our fighting fund appeal target

triangleWaltham Forest Socialist Party: What the Socialism Party stands for

triangleSouthampton Socialist Party: A report from the Socialism 2021 event

triangleWhat did you think of Socialism 2021?

Poverty:

triangleEnd fuel poverty

triangleTories hammer nail in pensions triple lock coffin

triangleThe fall of Apartheid in South Africa

Covid:

triangleCovid-19: New variant emerges but same old capitalist disease

triangleDVLA ballot turnout falls short of threshold

Global:

triangleVaccine inequality - the ugly face of capitalism

Capitalist:

triangleAfter COP26: where next for the climate movement?

Capitalism:

triangleChina: Bureaucracy grapples with new crises

Article dated 9 June 2021

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