Ukraine Buys Huge Amounts of Russian Fue... Fri Jan 20, 2023 08:34 | Antonia Kotseva
Turkey Has Sent Ukraine Cluster Munition... Thu Jan 12, 2023 00:26 | Jack Detsch
New Israeli Government Promises to Talk ... Tue Jan 10, 2023 21:13 | Al Majadeen
Russia Training Iranian Pilots Ahead of ... Tue Jan 10, 2023 15:19 | The Times of Israel
Lukashenko Abolishes Copyright Protectio... Tue Jan 10, 2023 15:05 | Nikki Main
A bird's eye view of the vineyard
From Imperial Failures to Imperial Excuses Thu Feb 02, 2023 21:35 | The Saker
By Batiushka for the Saker blog The decline of Rome was the natural and inevitable effect of immoderate greatness. Prosperity ripened the principle of decay; the cause of the destruction
Biden Administration Lied About Pipeline Sabotage Wed Feb 01, 2023 23:08 | The Saker
Miseducated (Andrei Martyanov) Wed Feb 01, 2023 23:04 | The Saker
Please visit Andrei?s website: https://smoothiex12.blogspo... and support him here: https://www.patreon.com/beP...
Trials and Tribulations of the Collective West Wed Feb 01, 2023 16:44 | The Saker
by Pepe Escobar, widely distributed on the Internet and posted with the author’s permission Sit back, relax and enjoy a race to the bottom of the Grand Canyon. The only
The West Is Now Impotent In The Ukraine Conflict Wed Feb 01, 2023 15:16 | The Saker
The Saker >>
News Round-Up Fri Feb 03, 2023 01:09 | Will Jones
A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the virus and the vaccines, the ?climate emergency? and the supposed moral defects of Western civilisation.
The post News Round-Up appeared first on The Daily Sceptic.
Big Brother is Watching Me Thu Feb 02, 2023 19:34 | Toby Young
The alarming thing about the monitoring of lockdown and vaccine sceptics by the 77th Brigade and others is that such people are now regarded not as critics of Government policy, but a danger to public safety.
The post Big Brother is Watching Me appeared first on The Daily Sceptic.
99 Doctors and Medical Professionals Demand the British Heart Foundation Comes Clean About Vaccine H... Thu Feb 02, 2023 17:00 | Will Jones
99 doctors and medical professionals have written to the Charity Commission to demand the British Heart Foundation comes clean over allegations it is covering up data on vaccine heart injuries.
The post 99 Doctors and Medical Professionals Demand the British Heart Foundation Comes Clean About Vaccine Heart Injury ‘Cover-Up’ appeared first on The Daily Sceptic.
Masks Don?t Work, Gold Standard Review of Trial Data Concludes Thu Feb 02, 2023 15:00 | Dr Robert Malone
Masks make no clear difference against viral infections, according to the latest gold standard review of trial data from Cochrane that examines the results of 78 randomised controlled trials.
The post Masks Don’t Work, Gold Standard Review of Trial Data Concludes appeared first on The Daily Sceptic.
No, Ukraine Isn?t Losing and Stalemate Isn?t Inevitable Thu Feb 02, 2023 13:00 | Ian Rons
A recent article in Die Welt by Christoph B. Schiltz said it was impossible for Ukraine to win the war, claiming it is running out of men and matériel. In fact, the opposite is true.
The post No, Ukraine Isn?t Losing and Stalemate Isn?t Inevitable appeared first on The Daily Sceptic.
Lockdown Skeptics >>
Voltaire, international edition
Zelensky's sponsor and Hunter Biden fall from grace Wed Feb 01, 2023 03:30 | en
Two perceptions of the war in Ukraine, by Thierry Meyssan Tue Jan 31, 2023 07:03 | en
Pfizer modified Covid virus ahead of pandemic Mon Jan 30, 2023 13:28 | en
The Kremlin classifies its economic statistics Sun Jan 29, 2023 15:22 | en
Voltaire International Newsletter N°25 Sun Jan 29, 2023 10:36 | en
Voltaire Network >>
Whatever happened to the Celtic Tiger?
Friday January 09, 2009 10:41 by Chekov Feeney - WSM (WS 107) wsm_ireland at yahoo dot com
Make Them Redundant
Billionaire investor Warren Buffett commented on the US financial crisis that “it’s only when the tide goes out that you learn who’s been swimming naked, and Wall Street now looks like a nudist beach.” Well when it comes to Ireland, the receding tide of the global economy has revealed that not only were our business and political elites swimming naked, they were engaged in a great big orgy as well.
They enthusiastically built up the property pyramid and pumped a vast quantity of hot air into the great debt-bubble, while enriching themselves through dodgy loans, dodgy planning decisions and every variety of backhander known to humanity. Probably one of the most sickening things about the boom was the way that the corporate media was full of hymns of praise to the entrepreneurial skills of our great leaders.
Well the bubble eventually burst, as do all bubbles, and it is now clear that the only legacy that our glorious leaders have left us from the Celtic Tiger is a ruined economy and lots of abandoned property. Unfortunately, however, it is not the great and the good who will be paying to tidy up the mess, it’s you and me, the ordinary worker. We will pay in terms of cuts in the services the state provides us, downward pressure on our wages and benefits and most of all, the increasing possibility of finding ourselves unemployed against our wishes.
In 2008, the unemployment rate almost doubled, rising to 7.8% by November, with 277,200 people on the dole. Most of the job losses in 2008 came in the construction industry. The bad news is that 2009 will see the job losses in construction continue and spread to the rest of the real economy.
This is because our genius free-market entrepreneurs came up with a brilliant new business model based on what they called ‘leverage’. Basically, this meant that it was more profitable to build businesses with borrowed money than it was to do so through capital investment, all thanks to the fact that the bankers’ chums in government wrote the tax laws so that borrowings could be written off.
With the collapse of the credit bubble, many companies now find themselves in enormous debt that they can’t pay back and will be forced to undergo huge downsizing or even bankruptcy, meaning lots more people out of work and facing serious hardship, especially considering the legacy of huge mortgage and credit card debt from the boom years.
And we can’t expect any help from the political elites. Our political leaders, from across the spectrum, have been united in their response to the boom. They have poured billions of public money into futile attempts at re-inflating the burst bubble of the developers and bankers, while putting the squeeze on the public, through cuts in health care, pensions and education. It won’t be long before the media is blaming the ‘lazy scroungers” on the dole for the mess our leaders have made of the economy.
None of this comes as much of a surprise to us though. Busts are just the occasions when the greed, stupidity, recklessness, corruption and gross unfairness of our capitalist economic system are laid bare for all to see. A change of government or a new set of regulations will change nothing. We need a fundamental reorganisation of our economy and for that we need a fundamental change in how society is run. That is what anarchists mean by revolution.
This article is from the forthcoming print edition of Workers Solidarity 107, this is it's first online publication. You can find back issues of Workers Solidarity online at http://www.wsm.ie/ws