"The Failure of Irish Capitalism"

cork | anti-capitalism | event notice Tuesday October 22, 2013 21:43 by Ned Ludd

Public Meeting and Book Launch of "Austerity Ireland"

Academics Kieran Allen and Brian O'Boyle,have written a new book to offer a critique of current economic policies.

The book, which is entitled Austerity Ireland, is based on detailed factual evidence to show that austerity policies have failed.

Kieran Allen, a sociologist who works in UCD, said, 'Figures show that the wealthy have effectively gone on an investment strike. A mere €16 billion is being invested in Ireland compared to €46 billion in 2007. This is unsustainable and means that unemployment and emigration will continue for some time'.

'Ireland is being re-configured as an Atlantic tax haven. Giant companies are increasingly locating in Ireland to get a base to cover their tax dodging activities and providing few jobs. Only 7 percent of the labour force now work for foreign multi-national companies'.

'One reason why the government rejects any small tax on financial speculation – as proposed by the EU commission itself – is that we have become a major centre for 'tax planning by big corporations'.

Come to a public meeting, discussion and launch of the book at

Isaac's Hotel
MacCurtain Street,
Cork

Wed 23 Oct 2013
@8 pm

All Welcome!

presented in association with SWP Cork