Wealth chasm widens
Take the wealth off the 1%!, photo Senan (Click to enlarge)
The rich have got richer during the pandemic. For those who own expensive property or other assets, they have seen a big jump in their family wealth, widening the already existing wealth chasm. The continued rise in house prices has helped. Not much use if you are a lower-paid worker looking to buy a home.
A year of Covid restrictions has meant that those who are better off have been less likely to spend and have increased their savings. For those worse off, they are more likely to have lost their job, taken a 20% pay cut on furlough, or taken the opportunity to pay off debts.
The report states that total UK wealth has increased by £900 billion during the course of the pandemic. It is clear that the Tories want to keep this wealth in the hands of the rich. That explains the planned end of the Universal Credit uplift and triple lock on pensions. It is also clear that Labour is unprepared to challenge them. We need a new mass workers' party that fights in the interests of the working class with a socialist programme to take the wealth off the super-rich to end poverty and inequality.
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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.
- The Socialist Party's material is more vital than ever, so we can continue to report from workers who are fighting for better health and safety measures, against layoffs, for adequate staffing levels, etc.
- We must be ready for the stormy events ahead and the need to arm workers' movements with a socialist programme - one which puts the health and needs of humanity before the profits of a few.
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In The Socialist 14 July 2021:
NHS: Kick out the privatisers - Fight for a 15% Pay rise
Scrap the privatising health and care bill
Tories threaten to axe free prescriptions for older workers
We cannot trust this government over Covid: Fight for a new workers' party
Trade unions must continue the fight for Covid safety
Pride is protest - Build a mass movement for LGBTQ+ liberation and socialism
LGBTQ+ workers' charter
Dagenham school workers strike against 'fire and rehire' pay cuts
St Mungo's strikers end 12-week strike
Telecoms workers angry at CWU deal with BT
GKN Birmingham workers rally against plant closure
Brush workers into eighth week of strike
New wave of radicalisation in Latin America
Putting the Olympic gravy train ahead of public health
Kazakhstan: Solidarity with protesters attacked by regime forces
Keep the Universal Credit uplift
Defend the triple lock - Fight to end poverty pensions
Wealth chasm widens
Right-wing study concludes youth like socialism
Youth Fight for Jobs is back
We need councillors who will end housing crisis - vote TUSC in Staines on 22 July
Stop Pimlico gentrification
Why I joined the Socialist Party
Everyone can spot Socialist Party in Stoke
Socialist Party meetings say: We're ready to go out and campaign
England football team
Farewell Leicester Square - the story of Britain's first black bus driver
The Socialist 14 July 2021 |
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