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30 June 2021

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Millionaires multiply during pandemic

Rich get richer, poor get poorer

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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Finance appeal

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.

Inevitably, during the crisis we have not been able to sell the Socialist and raise funds in the ways we normally would.
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In The Socialist 30 June 2021:


What we think

NHS after 3 July protests Trade unions must organise serious action


NHS

Fight to save our NHS

Royal London Hospital

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

East Mids train guards strike


News

Stop the Channel 4 sell-off!

Hopeless Hancock replaced

Millionaires multiply during pandemic

Dalian Atkinson - police found guilty of killing ex-footballer


Biden police reform

Can Biden reform the police?


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

The Israeli working class

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

TV Review: GB News

Readers' comments


 

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Related links:

Wealth:

triangleTake the wealth off the super-rich to fund: NHS and social care, pay and benefit rises

triangleHow to deal with the tax-dodging mega-rich? Nationalise!

triangleWould a wealth tax end poverty and inequality?

triangleWhere's the road map to jobs and wages Boris?

triangleCovid spreading, poverty rising, rich get richer, fight for socialism!

Workers:

triangleReinstate Gary Evans! Llanelli postal workers strike

triangleUniversity workers ballot for strike action

triangleFight to defend homelessness services

triangleBrighton bin workers' victory in sight against Green-led council

Pay:

triangleScunthorpe scaffs strike for pay

triangleNapo AGM 2021: Union placed on war footing

triangleGwent valleys Stagecoach bus drivers strike for fair pay

Banks:

triangleTories plunge millions further into poverty

triangle10 years since Occupy

Article dated 30 June 2021

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