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They didnít share the wealth - Why should we share the pain?

category national | consumer issues | feature author Saturday February 28, 2009 09:25author by Workers Solidarity - WSMauthor email wsm_ireland at yahoo dot com Report this post to the editors

featured image
It's time to fight back, not cut back.

There is no money left in Ireland. At least thatís what you might think after listening to Brian Cowen, Enda Kenny, IBEC and the parade of capitalist economists and pundits who parrot this nonsense. Yes, we are heading into a deep recession but guess who is expected to pay the cost?

The Government has no problem finding money to bail out bankers and speculators, itís only when cash is needed for special-needs teachers, the sick, or to improve run-down schools and hospitals that nothing can be found. The attack on pay and pensions is a class struggle by employers and the government against working people.

It may sound old-fashioned to talk of class struggle, but what else do you call it when one class wants to preserve its wealth at the expense of the other class? When private sector workers see 90% of pension funds they paid into for years going down the tube, Brian Goggin of Bank of Ireland thinks he is hard done by because he will ďtake home less than Ä2 millionĒ this year.

We had a financial regulator, Patrick Neary, who waltzed off with a golden handshake of Ä600,000 and a pension of Ä140,000 per year. That pension alone is the equivalent of what four workers and their families on the average industrial wage live on. And what did Neary do to deserve this, apart from turning a blind eye to massive financial Ďirregularitiesí in the banking industry?

Workers in the public service are told to suffer a Ä1.4 billion cut in wages, those on Ä35,000 will see their pay cut by Ä43 a week. Yet the wealthiest 1%, with Ä87 billion in assets, pay nothing at all. To add insult to injury the government has torn up the Public Sector Pay Agreement, denying 260,000 workers their small but agreed pay increases.

At the same time billionaire businessman Sean Quinn can lose Ä1 billion and say itís no problem ďyou win some, you lose someĒ. When you have an annual income of Ä500 million thatís very true!

IBECís aim is to reduce Irish wage rates and to make us think that a reasonable pension in old age is a privilege rather than a right. The attack on the public sector is just the start. Private sector wages are being driven down too. Even the Minimum Wage of Ä8.65 an hour is criticised as too high by Fianna FŠil ministers like Billy Kelleher, who Ďearnsí a cool Ä139,266 before expenses (and thatís after his 10% cut - and after the 65% pay rise TDs have received in the last four years).

Their goal is to subject working people to a Thatcher-style defeat. They want wholesale wage cuts across the economy. If we donít fight back they will keep coming back to take more out of our pay packets, close down more of our services and give our children a lower standard of living than we had. The rich are good at looking after their class interests Ė we should take the same attitude. They didnít share the wealth in the Celtic Tiger years, why should we share the pain today?

Related Link: http://www.wsm.ie
author by precariouspublication date Fri Feb 27, 2009 15:23Report this post to the editors

yep, we should shout it loudly: we are not gonna pay YOUR crisis

author by precarious againpublication date Fri Feb 27, 2009 15:25Report this post to the editors

why don't we start doing it from the mayday?

author by Margaretpublication date Sun Mar 01, 2009 00:04Report this post to the editors

Noel Dempsey should not blame the global recession for all our problems.YOUR party gave away our biggest asset,our national natural resources,our gas and oil.Have the courage minister to undo that deal,put our country first,then and only then will you begin to crawl out of this mess with some dignity.The citizens of this country deserve better.

author by lulupublication date Sun Mar 01, 2009 08:47Report this post to the editors

Absolutely right about the rotten Corrib Gas deal, Margaret; they were not only corrupt, but clueless, & treacherous to 'their own' people. Nationalism or patriotism mean nothing to people who have sold out to international capitalism, greed, & power.

author by Mark C - Contact.iepublication date Sun Mar 01, 2009 10:21Report this post to the editors

Spot on about the Corrib Gas field. If the government can nationalise the bank(s), why can't the same be done for the gas?

I can't imagine there's much time left for Fianna FŠil.

It's quite a Freudian slip, that when you want to go to Fianna FŠil's website, you have to type in FiannaFail.ie - fail indeed. Goodbye, Fianna Fail.

Goodbye Fianna Fail - RIP
Goodbye Fianna Fail - RIP

author by Bohemian Poetpublication date Sun Mar 01, 2009 17:01Report this post to the editors

We need to educate to formulate a calculation for the loss
Corruption beyond comparison a perception of the cost
The wasted Celtic Tiger years a complacent slippery trail
The politics of backhand Jim the birth of Fianna fail

We need freedom from the bigots a state without a church
Equal shares amongst us all let no man stand in lurch
The ideals of the proclamation written in widows tears
Those dreams and aspirations ignored for all those years

We need honesty to understand integrity to trust
Transparency of bureaucracy laws for fair and just
The strength to grow organically take pride in ancestral guile
Forget the bulls of Lisbon We are the Emerald Isle

We need to speculate to accumulate some sense from Leinster house
The traps have failed the cupboards bare no crumbs left for the mouse
A helicopter trip for the party whip cannot beat them into line
Their course has run their day has come their failures marked in time

We need equity in entity a voice with choice explained
No more the fault of lame excuse or global pressures blamed
For tightened belts or bank bail outs indeed these times are hard
No justification for their ignorance or denial of medical card

We need answers now and solutions quick before the sun goes down
Where have all the credits gone, from the growth years Mr Cowen?
On flights to those exotic places with Saint Patrick upon your back
Enjoy the trip this one last time for your surely for the sack!..

We need accountable Dail Eirean a move to get things done
A change of heart and sentiment from Bantry to Ballymun
The renewal of our heritage a centre from Athlone
From the inward out to the out within our ancestral spirit home

After thought: Now is the time of opportunity for change Not more of the same

author by D_Dpublication date Mon Mar 02, 2009 18:11Report this post to the editors

As well as


(already noted above) there is a new Irish social democratic site on the economic crisis from TASC:


The page below features a video from the WSM, 'The Credit Crunch Explained'. Also on that page are other videos explaining or analysing the crisis:


Other radical sites on The Crisis are:










author by mick burkepublication date Sat Mar 21, 2009 14:07author email mickburke at fastmail dot fmReport this post to the editors

It's good to see that the WSM has been postering around town (Dublin) for the March 30 strike. A very good poster at that, but where are all the other left groups' posters? The employers and the state do indeed intend to impose a defeat ,but the depth of the current financial crisis means that it will have to be a much worse defeat than anything that Thatcher imposed on Britain in the eighties . The idea of class struggle will sound less and less old-fashioned as this year goes on - whether people like it or not .

author by Silas Marner - bankers club , St Stephens Greenpublication date Mon Mar 23, 2009 20:05Report this post to the editors

OLD Ratso ''Reposess your home if you cant make the interest payments Michael Finnegan'' is accused of legging it with 8ml euro '

But thats ok 'they say' ,as, 'if he had been investing the 8ml euro with the banks it would be worthless by now ',

Worthless nasty little goatee bearded little excuse for a human being ,is Finnegan .

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