Upcoming Events

National | Anti-Capitalism

no events match your query!

New Events

National

no events posted in last week

Blog Feeds

The Saker
A bird's eye view of the vineyard

offsite link Great unsaid in US election: Love for ?forever war? is what cost Democrats Tue Nov 29, 2022 23:31 | The Saker
by Ramin Mazaheri and cross-posted with PressTV It is an American rite of passage to realise that the Democratic Party never achieves what they claim to want to achieve. Some

offsite link US paralyzed by Islamic Republic of Iran?s strategic swing Tue Nov 29, 2022 18:16 | The Saker
By Pepe Escobar cross-posted on PressTV and the Saker blog and posted with the author?s permission Iran?s parliament has just approved the accession of the Islamic Republic to the Shanghai

offsite link Will the US try to pull off a ?Grenada? in Serbia? Tue Nov 29, 2022 14:48 | The Saker
Remember the 1983 US invasion of Grenada aka “Operation Urgent Fury”? It all began on October 23, 1983 when two truck bombs blew up the buildings housing the US and

offsite link Moveable Feast Cafe 2022/11/29 ? Open Thread Tue Nov 29, 2022 08:00 | herb
2022/11/29 08:00:01Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of

offsite link Sergey Lavrov Interview for Film on Extremism in Europe ? November 2022 ? English Subtitles Mon Nov 28, 2022 23:10 | The Saker
Note from Michael Rossi Poli Sci who subtitled that video: Dear Patreon Supporters, First off, thank you once again for your pledged support and votes of confidence on my work.

The Saker >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link RTE in breach of its own editorial principles Anthony

offsite link Waiting for SIPO Anthony

offsite link Formal complaint against Robert Watt Anthony

offsite link RTE bias complaint Anthony

offsite link Fergus Finlay and the maternity hospital ‘gotcha’ trap Anthony

Public Inquiry >>

Human Rights in Ireland
A Blog About Human Rights

offsite link UN human rights chief calls for priority action ahead of climate summit Sat Oct 30, 2021 17:18 | Human Rights

offsite link 5 Year Anniversary Of Kem Ley?s Death Sun Jul 11, 2021 12:34 | Human Rights

offsite link Poor Living Conditions for Migrants in Southern Italy Mon Jan 18, 2021 10:14 | Human Rights

offsite link Right to Water Mon Aug 03, 2020 19:13 | Human Rights

offsite link Human Rights Fri Mar 20, 2020 16:33 | Human Rights

Human Rights in Ireland >>

Lockdown Skeptics

The Daily Sceptic

offsite link To Chinese Protestors: Courage, Mon Frère Wed Nov 30, 2022 09:00 | N.S. Lyons
By kind permission we have republished a brilliant piece in the Daily Sceptic by N.S. Lyons about the protests in China against the zero-Covid terror state. It?s an outpouring of anger against the CCP and Xi.
The post To Chinese Protestors: Courage, Mon Frère appeared first on The Daily Sceptic.

offsite link Do Avian Influenza Lockdowns Make Any More Sense Than Covid Ones? Wed Nov 30, 2022 07:00 | Robert Nock
The UK's worst ever avian influenza outbreak has devastated poultry farms this year and prompted 'lockdowns' to try to protect the birds. But does this make any more sense for hens than for humans?
The post Do Avian Influenza Lockdowns Make Any More Sense Than Covid Ones? appeared first on The Daily Sceptic.

offsite link News Round-Up Wed Nov 30, 2022 01:24 | 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.

offsite link Nick Dixon, Toby Young and Will Jones Talk About Jesus Not Being Trans, Kanye Bringing Nick Fuentes ... Tue Nov 29, 2022 23:33 | Will Jones
In the latest Weekly Sceptic podcast, the talking points are Jesus not being trans, (Kan)ye bringing Nick Fuentes to meet Trump and Elon Musk's war on Apple.
The post Nick Dixon, Toby Young and Will Jones Talk About Jesus Not Being Trans, Kanye Bringing Nick Fuentes to Meet Trump and Musk’s War on Apple appeared first on The Daily Sceptic.

offsite link Two Cheers For Michelle Donelan Tue Nov 29, 2022 18:00 | Toby Young
Michelle Donelan, the Digital Secretary, has unveiled a new version of the Online Safety Bill today. How much better will free speech be protected in the ?Donelan compromise?? Let?s take a deep dive.
The post Two Cheers For Michelle Donelan appeared first on The Daily Sceptic.

Lockdown Skeptics >>

Thoughts on the crash, what is planned for us and the alternatives

category national | anti-capitalism | feature author Monday February 09, 2009 07:29author by Andrew - WSM - personal capacityauthor email wsm_ireland at yahoo dot com Report this post to the editors

Based around a review of the SIPTU alternative plan

featured image
Governments tax plan for all PAYE workers

Our government has become more and more open about their plans for us. Cowan wants to drive down our living standards 12% and has already cut all our wages through the tax levy and slashed the wages of workers in the public sector further through the so called ‘pensions levy’.

He openly talks of “four more years of even steeper cuts”. He is so confident of us taking this lying down that he had the cheek to announce his intention to drive down our living standards at what even RTE referred to as the “Dublin Chamber of Commerce's lavish AGM dinner which cost €160” a head.

The government is trying to create the impression there is no alternative to their plan but in fact several alternatives are in circulation. I’m going to look at one of these in some detail before discussing the general scale of the crash, how we can resist the attacks on workers and what we should learn about the future of the planet.

The SIPTU plan

Towards the end of last month the SIPTU leadership emailed out a 1500 word PDF file* to its members that provides their analysis of the crisis and an alternative solution to that being imposed by the government. It’s an important document in that SIPTU, Ireland’s largest union, organises over 200,000 workers of all types and across all sectors of the economy. Looking at the document provides us with a useful starting point to look at the alternative solutions to the crisis as well as the limitations of these solutions and the need to go beyond them.

The SIPTU statement starts off comparing this crisis with the 1929 crash which put the global economy into almost a decade of recession. A recession which was really only escaped in the huge arms buildup before world war two. The statement talks of how the crisis has been compounded in Ireland by the neo-liberal policies pursued since 1997. In particular it highlights the slashing of the tax base, which pays for social services and the shift from progressive income tax to indirect taxes as a way of funding these services.

At this point it has to be pointed out that the SIPTU leadership supported this slashing of income tax which was after all one of the part of the social partnership deals they pushed again and again on the membership. It allowed them to sell the deals to us on the basis of more take home income despite what were only modest increases in gross pay. PAYE workers had been carrying too much of the tax burden for too long. So while the boom lasted it’s not surprising workers voted for such deals as an apparent redressing of the balance.

Those of us who opposed the social partnership program pointed out at the time that there would be trouble when the boom came to an end because these income tax cuts had not been balanced by increasing corporate tax, or other taxes on the rich. The balance was being made up by stamp duty and VAT on what was very obviously an unsustainable property boom, the collapse of the boom means that as predicted the funds have vanished. It’s good the SIPTU leadership have now woken up to that danger, it’s a great pity that they did so at five past midnight rather than 12 years ago.

The statement then says this situation had been made worse by the fall of the dollar and sterling against the Euro as of our 64 billion in exports in the first 9 months of 2008 18% went to Britain, 19% to the US and 23% outside the eurozone. It’s not clear why this section was included except perhaps to re-assure readers that the SIPTU leadership haven’t completely gone radical and are still happy with the language of “price competitiveness.” The currency rates are of course affecting exports but more fundamental is that this is a global crisis of capitalism where exports and imports are collapsing regardless of currency rates.

Why attack public sector workers

It's argued that the purpose of attacks on the public sector has two functions. The first is to drive a wedge between public and private sector workers. We have come through a five-month intense government and employer driven media offensive against pay and conditions in the public sector. This along with panic about the crash has meant that huge numbers of workers in both the public and private sector have swallowed core parts of this argument.

A large pay cut has now been imposed on public sector workers, disguised as a ‘pensions levy’. Foolishly some public and private sector workers now hope that the worst is over and that they have either dodged the bullet or will find ways to cope. The reality is that the additional 36,000 on the unemployment live register in January will, between reduced tax and higher dole payments, have absorbed almost all of the money 'saved' in the pay cuts. And the annual shortfall is forecast 18 billion and growing. Even if public sector workers were to be paid nothing this wouldn’t deal with the entire shortfall. The worst has yet to some.

That is the context for one of the smarter observations in the SIPTU statement. That is that the public sector pay cut is not simply about dividing workers or cutting the wage bill. Rather it is also about setting up workers in the private sector for a pay cut. In some places this has already happened but we can now expect that in workplace after workplace the employers are going to be demanding that ‘private sector’ workers at the every least accept a pay cut of the same magnitude. You don’t have to be paying too close attention to the many PR people for the employers cluttering up the airwaves to have heard the message about ‘uncompetitive wage rates’. And next in line after that will be the unemployed, after all with all these wage cuts we’ll be told the existing dole rates don’t give enough incentive to find work.

The SIPTU statement goes on to acknowledge that the economic problems are not only real but also fundamental. Again presumably an attempt to reassure the reader that the leadership are not losing the run of themselves. It correctly argues that public sector costs can’t be held responsible for the state of the economy as the reality is they are among the lowest of the “developed European country’s.”

They argue that the hostility of the right to the now collapsed social partnership talks is hostility to the idea that workers should have any say in economic matters. You don’t have to be a fan of social partnership to agree with that, media commentary during the collapse was full of talk about the government governing (in the interests of business) without interference. But despite this the SIPTU leadership imagines we can have a negotiated solution and not a “prolonged battle, which would inflict suffering all-round.” I’ll return to this curious phrase below.

Much of the above analysis is both useful and correct; it’s a welcome antidote too much of what has been carried in the media. Sure it doesn’t really look at the macro causes of the crisis but then it would have been very surprising if it had. There is however a rather chicken hearted reference at the end of the first paragraph. Rather than putting the SIPTU leadership on the risky ground of suggesting there might be a problem with capitalism they instead quote an Irish Times editorial on the crisis; “It was correctly described in a recent editorial in the Irish Times as ‘… intrinsic to the very functioning of the capitalist system’.”

But we can forgive this; after all we are not under the illusion that the SIPTU leadership are secretly anarchist revolutionaries. They have bought into capitalist ideology and to neo-liberalism with a human face, let's settle for now with being pleased with the small steps taken away from that position. Now what of the SIPTU leadership’s alternative plan?

The SIPTU alternative

The alternative plan is of course based around the only thing SIPTU still knows how to do, strike a deal with the bosses and government through social partnership, this time dressed up as a ‘Social Solidarity Pact’. What is puzzling is why they think either the government or the bosses would sign up to this neo-Keynesianism proposal.

The SIPTU leaderships proposals amount to prioritizing the protection of jobs, nationalizing the banks, launching “dramatic new initiatives in support of training, adult education and skills enhancement”, new workplace legislation to prevent ‘a race to the bottom’ and protection of private pension funds. Many of these measures it is argued will promote economic activity. It is also argued that it is essential to avoid pay cuts, which would just deflate economic activity further. On the funding side it is proposed that over a period of five to seven years the “better off in society must contribute, through the building of a proper progressive tax system.”

All in all this is really quite an attractive document compared to what the government is offering. It’s a demonstration that there are alternatives to driving down workers pay and conditions and attacking social services. It’s a shift by the SIPTU leadership from the ‘neoliberalism with a human face’ of the past decade to a form of neo-Keynesianism, the idea that state spending can be used to get out of a crisis. All very nice, but also completely at odds with the policies being imposed by the government.

Nice ideas – how would they be implemented?

So let us return to the curious phrase I highlighted earlier, the fear of a “prolonged battle, which would inflict suffering all-round.” We can guess that this is pleading with the social partners to avoid the SIPTU program being imposed by industrial action. One wonders how seriously they take that threat!

What is so hard to understand is how the SIPTU leadership think this program can be achieved through negotiation rather than through a “prolonged battle”. Their program would be a complete reversal of government strategy and in complete opposition to what the employers demand. This is not a case where a clever negotiator can nudge an agreement a degree or two in the right direction.

The implementation of this program would require a head on confrontation with the government and the employers. On one level the SIPTU leadership is right, that a “prolonged battle .. would inflict suffering all-round.” But these are not ordinary times and if extraordinary measures are needed then the sooner and more forcefully they are taken the shorter will be the “prolonged battle.” Even the clueless Irish government, which appears to be unable to organize a piss up in a brewery, understands this. That is why they have launched an all out offensive on the public sector as a preliminary to driving down all wages and social welfare. The union’s response to date (and this is wider problem then SIPTU) seems to amount to no more than pleading 'don't make us defend ourselves'.

The nightmare we face

Irish workers, with only a few exceptions, are sleep walking into a nightmare. We are facing a massive attack on our standards of living in order to pay for a crisis we had no part in creating. Tens of thousands already know their houses are under threat as unemployment and wage cuts makes it impossible to keep up with repayments. Close to a couple of hundred thousand have lost their jobs, by the end of the year they will be joined by another two hundred thousand.

We need to move beyond a strategy of individual survival based a combination of belt tightening and hoping that the axe falls on someone else. Bringing sandwiches to work and making your own coffee is not a survival strategy no matter how frequently it gets presented as such on RTE.

We have almost no power as isolated individuals and even SIPTU’s analysis admits that the government and employers are dividing us with the intention of picking us off one by one. Like when wolves attack a herd it is the old, the sick and those on the margins that will be attacked first, although the old, in the form of the pensioners, proved to be a lot tougher to bring down then the wolves expected. They have moved on to what they hope are softer targets.

This is a global crisis, a crisis far deeper that the dot com bust of 2001. Perhaps part of our problem is that many younger workers think we have seen this before and expect that like then there will be a couple of tough months before the party starts up again. This is not the expectation of our rulers, it's why the stock market has continued to fall, and it’s why there is no new investment. Across the world from the USA to China economies have ground to a halt and are going into reverse. Tens of millions of workers are being thrown overboard so that profits can be maintained.

The government now publicly say they expect a budget shortfall of 18 billion. As already pointed out the 36,000 unemployment jump in January will wipe out the bulk of the ‘savings’ of the current attacks on public sector workers. But even if unemployment had not risen this attack was delivering only around 10% of that shortfall. The government has openly proclaimed its intention of “four more years of even steeper cuts”. That is four more years of greater attacks on workers (in both public and private sector) and on the growing army of the unemployed. The capitalist class on the other hand is being bailed out and promised cuts in VAT rates in order to boost their profits.

How should we respond?

Our response to this must be collective. This can happen through the unions, which despite all the flaws of the leadership and frequently undemocratic structures, are also already existing mass organizations that bring hundreds of thousands of us together in defense organizations. If you haven’t got around to joining the union in your workplace do so now. If there isn’t one start talking to your fellow workers and when you’ve a group together approach the unions that organise in your sector and see which ones are serious about recruiting you. In Dell it was only when the closure was announced that workers started to organize in a collective fashion when they realized that as individuals the company was going to give them next to nothing. Don’t make the mistake of waiting for the axe to fall.

But don’t stop there. Years of social partnership mean the unions are flabby. As weird as it seems they are often not even very good at recruiting – there are loads of stories of workers who sent in membership forms and either never heard back or only heard back months later. But in any case things have changed from the old ‘social partnership’ days when the main use of the unions to workers was often for legal and individual bullying cases.

That period is over; today it is no use expecting that a branch official will be able to deal with your problems for you as the result of a phone call. Their strength, our strength is found only in our ability to stand together in workplace after workplace, section after section. The unions provide an existing organizational framework and some legal protection that will help but local organization capable of organizing independently of the branch officials and across unions will be key.

By organising together as workers we can defend ourselves from the cuts that are coming down the line. We can defend ourselves by standing together and returning to the tradition of “an injury to one is the concern of all.” There must be no acceptance of the division that is being sewn between public and private sector workers, nor as we can expect between attempts to set workers against the unemployed.

We will have a hell of a fight to make sure that it’s the capitalist class rather than us that pays for their return to profitability. We need to defend not just our pay and conditions but also the ‘social wage’ that is the healthcare, education, libraries and every other aspect of society that helps make our lives worth living.

The end of the recession

Someday recession will end and capitalism will return to profit for another period. Once again those with capital will make shedloads of money and we will return to long hours, rising prices and false promises, all ahead of the next collapse. This has been the pattern for over a hundred years, the pattern our parents and our grandparents went through, the pattern that breed fascism and the slaughter of world war two. It is a pattern of boon followed by bust that is fundamental to capitalism even if in each new boom some will choose to believe this logic has been escaped.

Unless the system is changed it will be pattern that our children and grandchildren will also endure. But in one-way things have become worse. Capitalism in its boom periods in particular has started to exhaust the planets resources and poison the air and water we all depend on. It’s irrationality in the drive for profit no longer simply threatens us with recession and war when things go wrong, it now threatens the ability of the earth to support the current population.

In the middle of a boom it may have looked like capitalism is working, if you are lucky enough to be in a developed country like Ireland. But even during the boom two billion people were living on less than two dollars a day and tens of millions of children were dying every year of preventable diseases. And now the boom is over, one of the first cuts our government imposed was to slash 95 million off the foreign aid budget.

We need to stop the bust - boom – bust cycle by ending the system based on profit rather than need that drives that cycle. It is true that we cannot but be aware that previous attempts to implement alternatives have ended in disaster; the Russian revolution promised everything just over 90 years ago but delivered only horror. Unlike that generation we cannot fall into the illusion that individual freedom can be weighed up on some scales and exchanged for economic security. In reality this is no more than the reverse of the illusion that free market capitalism has sown in the last decades.

What we must start to organize for is a system that is based not only on satisfying the needs of the many but which also does away with the division into ruler and ruled that led the socialist movement to disaster in the last century. We must organize for a society without leaders and led, without boss and workers whether that boss wears the top hat of the capitalist or the red star of the political commissar.

Written for indymedia.ie

* The SIPTU document can be read at http://www.siptu.ie/PressRoom/NewsReleases/2009/Name,10....html

Related Link: http://www.wsm.ie/public_newswire/workplace


To stop your IP being automatically logged by the provider of the (Google video) video content, we have not loaded it automatically. If you wish to proceed to watch the video, then please Click here to load the embedded video player for video Id 692063054715025716


This setting can be controlled by your User Preference settings.


author by Padraicpublication date Mon Feb 09, 2009 00:24author address author phone Report this post to the editors

Theres an interesting article from Jim O'Leary on the Irish Times website http://www.irishtimes.com/newspaper/finance/2009/0116/1....html. Published back in mid January he explicitly argues for public sector cuts because they will facilitate private sector cuts.

As he says: "One of the objections that trade union leaders have raised to cutting public sector pay is that it would have a demonstration effect on the private sector, but that is precisely the point."

He goes on to say that "We have collectively been living well beyond our means for some time now and must realign our pay with our productivity."

Of course he doesn't seem to have a problem with PAYE workers doing all the realigning ..

author by Andrewpublication date Mon Feb 09, 2009 10:13author address author phone Report this post to the editors

I hadn't seen this at the time I wrote the above but its worth quoting, its around the start of the last 1/3 of that article when Jim O'Leary writes

Faced with the need to retrieve the sharp loss of competitiveness of recent years, and without the option of using the exchange rate to do so, nominal wage cuts must take place (and are already taking place) in the private sector. Reductions in public sector wages and salaries can greatly facilitate this process.

One of the objections that trade union leaders have raised to cutting public sector pay is that it would have a demonstration effect on the private sector, but that is precisely the point. Another objection, of course, is that it will reduce the living standards of their members. Regrettably, that is also the point.

http://www.irishtimes.com/newspaper/finance/2009/0116/1....html

author by Blacblocpublication date Mon Feb 09, 2009 10:20author address author phone Report this post to the editors

Beyond employment terms and conditions unions need to tackle policy in more fundamental ways than pay and conditions if the latter are to be protected and the interests of workers upheld. Where public policy is concerned there are various corporate sector 'publics' that the unionised workforce needs to tackle - each with their own agenda and who play different roles in maintaining neo-liberal policies depending on context. There has been a sustained assault on how our country is run, many of us dont realise how public administration has been altered - much of it farmed out to management consultants. Wages and benefits are vital but we need to get at the belly of the beast, so to speak:- or at least to get at all of those who are driving this situation behind the scenes - to change the way people think fundamentally about government. Off the top of the head:

Political - national and local
Big Business - Irish - by industrial sector
Big business - foreign owned - by industrial sector
Banking and other financial services
Agricultural sector - big/medium
Management Consultants
Medium sized businesses employing more than 20 people
Property Developers and the wider construction industry
Civil Servants
The professions
Agencies and quangos set up to bolster neo-liberal policy implementation and to further the interests of profit (IBEC, HIQA , etc)
Voluntary sector (thoroughly tamed and neutralised by social partnership where once it used to be a real force for social change.)

(Small businesses are not 'the enemy' as a rule - easily as abused and neglected in many ways and without which our high streets and small towns would be wastelands. The banks are leaving them high and dry at the moment.)

We need a comprehensive list of who is who within each of these corporate sectors, what their function is and how their organisation plays its part in propping up the extreme right wing economic policies that are being deployed as solutions to the crisis. (Naomi Klein's 'The Shock Doctrine' really ought to be required reading for everyone.) Unions need to devise individual strategies for targetting these publics according to what they do and exposing how they are all propping up the status quo. Dedicated teams of people are needed with realisable and detailed plans of action agreed appropriately at grassroots level. All of this is very doable if there is the will and commitment among sufficient numbers of people. Yes, we really can. (Sorry about that! :-/)

An efficient media strategy needs to be put in place. Journalists, love em or loathe em, are still key to getting information into the public domain, though a huge emphasis needs to be put on grassroots dissemination of union policy and activity. Despite a near media blackout of the recent teachers strikes, huge numbers of people were mobilised - shows what can be done. Staying connected and aware of what is going on is important to ensuring cohesive action - good communication channels are needed between the different unions and their members at grassrotts level.

A major national conference of all unions running over 3 or 4 days would be a good way to get the ball rolling - if properly planned and efficiently run on strictly democratic principles. The 12 policy areas listed above could be the focus for the meeting with the objective being to produce an initial blue print for action within each one - to be refined at further regional and national meetings as needed. No top down speechifying - plenty of working groups and feed back sessions eg. Such a conference might be called something like The National Workers Conference of the Public and Private Sectors - any worker should be able to attend - not just union members.

Workers in country towns are much more isolated and this is an urgent priority for unions. The corporate sector outside the cities has a disproportionate influence on local employment issues relative to the numbers - and on government policy through political representation that is craven to it. Rural and country town Ireland is still lethally conservative in its outlook. If people are wondering why FF go on being elected and how they've been able to advance the neo-con agenda, then the Dublin-centred left needs to wake up to this and get around the country much more than at present. Marching in Dublin is only one thing. Workers out here need much more support than they get.

We need a comprehensive understanding of all relevant law: taxation law, planning law etc. And although many of us do not see the EU, ultimately, as anything more than a rich man's club, nevertheless there are directives and other legal obligations that should afford greater protection. We have rights of protest and complaint under EU law that are woefully underused. Astonishingly the unions have been incredibly lax at ensuring that employment law is observed. I don't agree that individual cases are unimportant. Far from it. Employers take them very seriously and use them as precedents. It's a vital part of what unions are for and makes a huge difference to protecting employment rights generally. Individual cases are very good at bringing the issues alive too. Union reps need to get off their arses and start doing their jobs in this respect. They are too often lazy and indifferent - and very cowardly at tackling management.

Just a few thoughts.

author by pat - nonepublication date Mon Feb 09, 2009 10:51author address author phone Report this post to the editors

As we sink deeper and deeper into this recession i cant ponder why our union bosses take smaller pay cheques and stopp feeding off the workers,Who sets their pay scale which is well over 100,000 euro and then we have the biggest crooks of all,our government,We the people should demand they take a 25% pay cut and lower their expences,We the people should vote on there pay raises not allow them to do it for themselfs.
I also would recommend the Government enter the same pension plan all workers enter not have their own private plan and pay a levy also.We the working class are being ripped off with taxes,food prices,petrol,cars,houses etc etc and now another tax disguised as a pension levy,
We have the money to bail out banks and special intrests but no money for the workers,
Take just one bail out of 7 billion euro thats to go to the banks and divide it into the population of workers that pay taxes and social security and then people would pay off their houses this would resolve the mortgage crises and stabalise the banks,pay off cars,cerdit cards,student loans etc etc,Then this would create jobs and help the true economy,i mean after all it is tax payers money,
Ponder it

author by C. Antillonpublication date Mon Feb 09, 2009 14:48author address author phone Report this post to the editors

"Some of this decline in competitiveness can probably be justified by improved productivity, but there can be little doubt that prices and wages -- in both the private and public sectors -- overshot their sustainable levels during the bubble years."- Alan Ahearne, Sindo Feb 8, 09.

This crisis has revealed the intellectual bankruptcy of the economics profession. They have mounted a sustained attack on the Irish working class. And their arguments often amount to little more than gibberish. Take that quote above, "some of this decline in competitiveness can probably be justified by improved productivity"- How does improved productivity justify a decline in competitiveness? Rubbish.

author by Blacblocpublication date Mon Feb 09, 2009 17:23author address author phone Report this post to the editors

Humility? Contrition? Reflection? These guys are not even touched by this crisis. We're so brilliant we're worth it seems to be the thinking. Get a load of this guy who keeps a blog on the Wall Street Journal:

http://blogs.wsj.com/deals/2009/02/04/mean-street-why-c...ments

Some of the comments beneath it are pretty illuminating. They dont want to leave the party no matter what. We need to bear it firmly in mind that this how the banking and financial services sector thinks and that it will never think differently. Even now, the thinking is purely about how to hold onto those bonuses and screw every last cent out of us.

author by southern comfortpublication date Fri Feb 13, 2009 08:10author address author phone Report this post to the editors

I like the sound of all that, but if Lenihan didn't read his own report on the banks that was ready last October, what else will he not read?

At least we could laugh at Bertie, you knew he was a windbag, but this lot of seriously-fat ministers give out all the wrong signals. If they can't look after themselves how are they going to look after the rest of us?

82% are opposed to their policy in the latest poll out today.

author by Raymondpublication date Sat Feb 14, 2009 14:27author address author phone Report this post to the editors

"Some of our money was stolen directly, some was stolen in more creative ways. The most obvious thieves are the hedge fund and investment bankers who simply took it.  Bernie Madoff, America's Ponzi King, stole $52,000,000,000, a figure that no one can really  understand. Other criminals made off with only hundreds of millions. Wall Street's most cunning criminals were much more subtle, and relied on extremely complex computer aided crimes. Derivatives, swap trades, subprime mortgage instruments - if that much effort and energy had been directed to clean power generation, imagine where we would be today. Certainly not wasting our soldiers'  lives in Iraq."  (From http://www.capitolhillblue.com/node/14218 )

Obama package & TARP Scam:
http://www.google.ie/search?hl=en&q=Obama+package%2C+TA...meta=

author by Gaylepublication date Sat Feb 14, 2009 20:02author address author phone Report this post to the editors

"For example, the German government found this out to its cost recently. An article in Financial Times Deutschland explains how Ireland has set itself up in recent years as the Cayman Islands of Europe - with virtually non existent supervision of a host of financial subsidiaries of international banks, including German ones. What created fury in Berlin was to discover the losses of the Irish based subsidiary of the German bank Hypo Real Estate, Depfa. Thus the German government was obliged to prop up that bank because of systemic risk to the German and international financial system in what should have been picked up on by the Irish financial supervisors. The bitter irony here was that German taxpayers were being asked to back a bank that got in trouble in Ireland and had located to Ireland to avoid paying German taxes."

See http://www.feasta.org/forum/viewtopic.php?t=726&sid=db1...c43a9 for full article.

author by Redandblackpublication date Fri Aug 21, 2009 14:54author address author phone Report this post to the editors

One of the greatest transfers of wealth in Irish history was during Cromwell's 'to hell or to Connaught' campaign, when some 25% (or 5 million out of a total 20 million acres) of Ireland's land was seized from its Irish owners and transferred to Cromwell's soldiers and followers. At a post-bubble price of €9,000 per acre for agricultural land, this would be worth €45 billion today. NAMA is 'buying' €90 billion worth of property assets from the banks, less a discount in the region of 25% (i.e. €67.5 billion). Many commentators, both in Ireland and abroad, say these bubble-price assets are now worth only 25% of the value of the loans used to finance them (i.e €22.5 billion. If this is so, the Irish tax-payer (and for a number of future generations) is being relieved of the difference between these two figures; €45 billion. This, without a shot being fired, is a seizure on a par with Cromwell's.

author by no to namapublication date Sun Aug 23, 2009 01:04author address author phone Report this post to the editors

It has been suggested in one of the papers, the Irish Times during the week, that NAMA plus nationalisation might work as then we'd get the profits as well as the losses. Plus we'd control the banks.

Maybe 'nationalise the banks!' should be the demand made on the upcoming Green Party special conference?

author by NoAgain - The Anti-Organisationpublication date Mon Aug 24, 2009 06:53author address author phone Report this post to the editors

There is, we have to admit, enormous wastage all around Ireland, of Social Welfare payments, in the pubs of Ireland every Dole Day, whilst Rent and ESB Bills soar ( as Vincent dePaul will tell you). We must counter this, we must place the blame on the publicans, and make them shoulder the responsibity for this wastage of money every penny of which should be budgetted carefully by unemployed workers in this time of Recession.

Pubs in towns should be closed on Dole Day, publicans must set a limit on the amount of money they take from the unemployed on Dole Day, preferably none - or legal limits must be placed on the publicans, who are, in effect the petit bourgeois class in training to be the big capitalists of the future.

No Disability, no educational allowance, no person over 60 years of age, should be cut, we can work our way out of this Recession together ( providing no more public funds are poured into NAMA/The Banks ). Just look at the German Economic Miracle after the war, successful because every worker across Germany gave up drinking alcohol and buying alcoholic drink - and this in a country of beer guzzlers !

A ceiling must be placed on all civil service salaries of 50,000 a year, a ceiling on civil service pensions of 30,000 a year, Dail Deputies must have their salaries cut to this ceiling, Ministers' salaries should be abolished, with their TD salaries more than enough to give them a comfortable living. No social welfare weekly payment should be allowed to fall beneath a floor of 200 Euro a week, that is minimal :-)

We have to fight our way out of this recession alone and together, the E.U. is not going to give us a single extra Euro for a Yes victory, that is a total lie, they have undertaken to give nothing - but multinationals who are spouting off in favour of a Yes Vote such a INTEL will hive off their jobs to Poland and Points East after the manner of Dell :-) Can INTEL tell us they won't, well then they should shut their mouths as they can't be trusted anyway. We must nail these INTEL Lies on behalf of the EU .

Number of comments per page
  
 
© 2001-2022 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy