CBS News reports that although the basic pay for members of Congress is $174,000, nearly half — 261, to be exact — are millionaires (there are 535 total members of the House and Senate). Just 1 percent of Americans overall can say the same. 55 members had an average calculated wealth of $10 million or more in 2009. While the economy has generally faltered over the past two years, congressional members actually saw their collective personal wealth increase by more than 16 percent between 2008 and 2009. The wealthiest member of Congress is Rep. Darrell Issa (R-Calif.), whose holdings...
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It is well known that the word ‘democracy’ originates from Ancient Greece and means ‘power of the people’. Such an idea, in its literal sense, encompassing economic, political and social democracy does not exist anywhere in the world. This is primarily because the planet’s resources, many of which human beings need in order to live, do not belong to the people as a whole. Instead, they are in the hands of a small, privileged, rich minority. Such extremely limited political ‘democracy’ as does exist in parts of the modern world, is scarcely even a shadow of what genuine democracy...
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Socialists often meet with the argument that while capitalism may have been a terrible system in the past, with the awful gap between rich and poor, today we are gradually improving things and such inequalities no longer exists. So what do the anti-socialists make of these recent statistics? “The rich-poor gap also widened with the nation’s top one percent now collecting 23 percent of total income, the biggest disparity since 1928, according to the Economic Policy Institute. One side statistic supplied by the IRS: there are now 47,000 Americans worth $20 million or more, an all-time high.” (San Francisco...
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It is not uncommon to hear leftists talk knowingly of “ongoing struggles” when they project the day after tomorrow of an anti-capitalist revolution, as if it weren’t really over yet with the expropriation of the capitalist class. The working class must evidently “smash” the capitalist state and set up a “proletarian” régime holding down the entire capitalist class, if we are to take our cue from Lenin (The State and Revolution). The truth, however, is at once simpler and more complex: an anti-capitalist revolution cannot stop with promising capitalism’s eventual replacement worldwide but must make immediate global common...
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Judging by the ubiquitous media-generated euphoria that greeted the Barak Obama victory in the US presidential election, you could be forgiven for thinking that the class struggle had ended in the USA. Across the globe, the world’s media intimated that this was the dawn of a new age and hundreds of millions of workers breathed a sigh of relief, convinced President Obama will now undo all the wrongdoing carried out by President Bush and generally improve the quality of their lives and the safety of the planet. The first thing to note, however, is that this had been the...
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Bianca Jagger participating in a demonstration during the United Nations climate change conference in Poznan, Poland “The politicians just don’t seem to get the seriousness of the global warming crisis. Scientists attending the recent UN climate conference in Poznan, Poland, complained that the gap between political rhetoric and scientific reality on climate change is growing.”It doesn’t matter what the politicians promise,” said French climate scientist Phillipe Ciasis. “Even if we stop emissions growing today, the world will still warm by 2 °C – a lot more in some places. It is too late to prevent that.” Ciais was at...
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Book Review from the December 2008 issue of the Socialist Standard Green Capitalism. Manufacturing Scarcity in an Age of Abundance. By James Heartfield. www.heartfield.org .2008 James Heartfield is associated with the former Trotskyist (British) Revolutionary Communist Party (RCP) which used to publish Living Marxism (LM) and has moved on considerably since “the collapse of Communism” at the end of the 1980′s and the dissolution of the formal RCP organisation in 1997. These days the so-called “LM network” produces the edgy www.spiked-online.com website and organises debates and events under the auspices of the Institute of Ideas and a myriad of...
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And this man wants to be president. From MSNBC : Senators John McCain and Barack Obama released their Senate financial disclosure statements on Friday, revealing that Mr. McCain and his wife had at least $225,000 in credit card debt…The bulk of the McCains’ obligations stemmed from a pair of American Express credit cards that are held in Cindy McCain’s name. According to the disclosure reports, which present information on debts in a range rather than providing a precise figure, Mrs. McCain owed $100,000 to $250,000 on each card. Unlike the millions of Americans who can’t afford to pay their...
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