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Keep socialist blog En Passant going - donate now
If you want to keep a blog that makes the arguments every day against the ravages of capitalism going and keeps alive the flame of democracy and community, make a donation to help cover my costs. And of course keep reading the blog. To donate click here. Keep socialist blog En Passant going. More... (4)

Sprouting sh*t for almost nothing
You can prove my 2 ex-comrades wrong by donating to my blog En Passant at BSB: 062914 Account: 1067 5257, the Commonwealth Bank in Tuggeranong, ACT. More... (12)

My interview Razor Sharp 18 February
Me interviewed by Sharon Firebrace on Razor Sharp on Tuesday 18 February. http://sharonfirebrace.files.wordpress.com/2014/02/18-2-14-john-passant-aust-national-university-g20-meeting-age-of-enttilement-engineers-attack-of-austerity-hardship-on-civilians.mp3 (0)

My interview Razor Sharp 11 February 2014
Me interviewed by Sharon Firebrace on Razor Sharp this morning. The Royal Commission, car industry and age of entitlement get a lot of the coverage. http://sharonfirebrace.com/2014/02/11/john-passant-aust-national-university-canberra-2/ (0)

Razor Sharp 4 February 2014
Me on 4 February 2014 on Razor Sharp with Sharon Firebrace. http://sharonfirebrace.files.wordpress.com/2014/02/4-2-14-john-passant-aust-national-university-canberra-end-of-the-age-of-entitlement-for-the-needy-but-pandering-to-the-lusts-of-the-greedy.mp3 (0)

Time for a House Un-Australian Activities Committee?
Tony Abbott thinks the Australian Broadcasting Corporation is Un-Australian. I am looking forward to his government setting up the House Un-Australian Activities Committee. (1)

Make Gina Rinehart work for her dole
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Sick kids and paying upfront

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Save Medicare

Demonstrate in defence of Medicare at Sydney Town Hall 1 pm Saturday 4 January (0)

Me on Razor Sharp this morning
Me interviewed by Sharon Firebrace this morning for Razor Sharp. It happens every Tuesday. http://sharonfirebrace.com/2013/12/03/john-passant-australian-national-university-8/ (0)

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A sick system: 85 people own the same as 3.5 billion poorest

Anyone who believes that wealth “trickles down” from rich to poor would be stunned by the latest figures writes Dave Sewell in Socialist Worker UK.

The world’s richest 1 percent own 65 times more than the combined wealth of the bottom 50 percent.

And the top 85 billionaires alone have more between them than the bottom 3.5 billion people.

Poverty kills millions every year through hunger, lack of drinking water and preventable diseases.

And even in Britain more and more people are going without the basics. Some food banks now give out “kettle packs” of dried food for people who can’t afford to switch on the cooker.

Yet the wealth is there to ensure no one goes hungry.

Mega-tycoons such as Carlos Slim, Bill Gates and the right wing Koch brothers have more in each of their pockets than many medium-sized countries.

Far from tightening their belts, the richest 1 percent have seen their share of wealth soar since the financial crash of 2008.

And what did any of them do to earn it?

Business

No one should be fooled by business people who call themselves wealth creators.

Every penny of profit is stolen.

Some of it comes from the centuries old land-grabs of the aristocracy. Some comes from the great crooked casino that is the stock market, and some comes from swindling poor people with loans they can’t afford.

But most of it comes from the work done by the billions of ordinary people.

These workers toil away for the rich in Chinese electronics factories, British supermarkets and everything in between and never see the full fruits of their labour.

Many of these workers are among those struggling with severe poverty. In Britain more than a million people are paid wages so low that they have to top them up with benefits—as bosses laugh all the way to the bank.

The rich like to style themselves as philanthropists, with a few well publicised charity donations.

But their entire fortunes come from the forced philanthropy of workers who provide their profitable labour for a pittance.

Capitalism is making inequality worse. This isn’t an aberration of the system. It is what it’s always done.

As the revolutionary Karl Marx wrote in 1844, labour under capitalism “produces for the rich wonderful things—but for the worker it produces privation. It produces palaces—but for the worker, hovels.”

The bosses who lord over us resent having to part with even a fraction of their cash. They reminded us of this last week, unleashing a tidal wave of miserly scaremongering in response to proposals for a modest increase in the national minimum wage.

But it isn’t their cash. It’s ours. And if we ever want to end poverty, one day we will have to take it back.

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Comments

Pingback from A sick system: 85 people own the same as 3.5 billion poorest | OzHouse
Time January 22, 2014 at 7:11 pm

[…] Jan 22 2014 by admin […]

Comment from Lorikeet
Time January 23, 2014 at 10:28 am

Yes, this seems fairly accurate to me.

Comment from Ross
Time January 23, 2014 at 9:44 pm

That 85 want to reduce the world’s population by 90% so they can have their New World Order but it is not working out as planned.

Comment from Lorikeet
Time January 24, 2014 at 9:19 am

Ross, by 2050 I believe a massive crash in the world’ population will be occurring. This will be the result of widespread abortion, contraception and involuntary euthanasia of the sick and the elderly.

Those who are not able to work to build bankers’ empires will be quickly terminated.

By then, medical scientists will also be making good use of their newly found capacity to create a master class of designer workers, with alphas, betas, gammas etc to fulfill various roles.

Comment from Ross
Time January 24, 2014 at 9:27 pm

Lorikeet you will not have to wait for 2050 for a massive crash. I think the planned monetary collapse will happen this year. There is an American Spring planned for May this year. Obama has declared the end of money printing. This means that their derivative scams will end and interest rates rise. There are 90 million people in the USA looking for work. 40 million are on food stamps of which 20 million are working and Obama is cutting food stamps. They have the largest prison population on the planet per capita and now use them for slave labour to combat China’s slave labour.

Add into the mix ” bail in” a Cyprus style theft of bank deposits when the banks fail but leaving the super wealthy even more powerful.

George Carlin predicted before his death that they would get it all, including our pension funds. Carlin knew how evil these Oligarchs were and they know no national boundaries.

In the process of destroying we the host, the parasites will destroy themselves. That is the only consolation of those who die in the cause of freedom.