Politicians always emphasise the importance of new legislation and of course their own importance. 'The Child Poverty Act of 2010 holds the government accountable for reducing child poverty. And yet, new figures from the Institute for Fiscal Studies show that not only are they failing to do so, the numbers of children living in poverty will actually rise, from 2.4 million to 3.4 million by 2020 – the date that was set for the elimination of child poverty in the UK' (Guardian, 8 May). So after all that pompous talk and so-called erudition what is the result? More kids are living in poverty than before the brilliant legislation.
Many opponents of socialism think we are a little mad. A world based on production for use? No profits? No Money? Crazy! But what of present day society? 'A racing pigeon named Bolt officially became the most expensive pigeon in the world when a Chinese businessman bought him at auction for $400,000' (Business Insider). We live in a society wherein millions of people try to exist on less than $2 a day and yet a member of the capitalist class can spend $400,000 on a pigeon. Who are the mad people?
There are many reasons to abolish capitalism. War, poverty, racialism and nationalism, to mention but a few, but here’s another powerful reason. 'Malnutrition is responsible for 45 per cent of the global deaths of children under the age of five, research published in the Lancet medical journal suggests. Poor nutrition leads to the death of about 3.1 million under-fives, annually, it says' (BBC News, 6 June). Capitalism is a baby killer – we must get rid of it.
The illusion nurtured by supporters of capitalism that workers are constantly improving their financial position is shattered by another study by the Institute for Fiscal Studies. Wages have fallen more in real terms in the current economic downturn than ever before, according to their recent report. 'On top of rising cost of living, one third of workers who stayed in the same job saw a wage cut or freeze between 2010 and 2011, said the Institute for Fiscal Studies (IFS). ....... In 2009, the average public sector worker earned about £16.60 per hour, which dropped to about £15.80 in 2011, the IFS said. Meanwhile, hourly pay for private sector workers in 2009 was just over £15.10 and dropped to £13.60 in 2011' (BBC News, 12 June). Even the capitalist class institutions like the IFS know that the worker’s position is getting worse off.