CPB
CP BRITAIN
CP BRITAIN
www.communist-party.org.uk Autumn 2017
Tory danger Theresa May’s EU Withdrawal Bill incorporates all the worst neo-liberal aspects of EU law
K C A B E TAK
NEO-LIBERALISM JOHN FOSTER
Austerity is working – for the rich and powerful CAPITALISM EvAN PRITCHARD
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This Tory government – acting for the rich – wants to slash state spending which benefits working people and slash financial and economic controls on capital with tax cuts for themselves. They want to hand over even more vital public services to big business. This government of the rich and powerful wants to further restrict our rights to organise, demonstrate and take industrial action. Behind the headlines about so-called full employment there is a crisis for working people. Three-quarters of new jobs are parttime, or with workers seeking full time jobs forced into precarious and zero hours contracts by threat of benefit sanctions. In this desperately precarious ‘gig’ economy more workers are ‘self-employed’ facing long hours, uncertain and low incomes and without pensions. Even with faked statistics there are still 1.7million people on benefits and registered as
unemployed. 600,000 young people are on the dole, more than one in eight, with many forced to face oppressive sanctions and benefit suspensions. The drop in living standards is the biggest since records began in 1856. A million families depend on food banks. Meanwhile the richest five percent own over a half of all the country’s wealth while half of the population share only two per cent of all wealth. One in a hundred are the poorest of all and own practically nothing. Average annual salary of the top 100 FTSE company bosses last year was £4.53 million. It would take a worker on average pay (£28,000) 160 years to earn that much. Company profits are up from an average rate of return of 9.5 per cent at the depth of recession in 2009 to 12.7 per cent in 2017. Meanwhile corporation tax on company profits fell from 30 per cent in 2008 to 19 per cent in 2017 and are planned to be reduced again to 17 per cent by 2020 . Britain parasitic banking and finance industry made an annual profit of £90 billion and paid out around £7 billion in bonuses on top of their bloated salaries. Banks, hedge funds and other holders of government bonds have been paid £375 billion in ‘Quantitative Easing’, which has been used to recapitalise failing banks or fund speculation rather than
Autumn 2017
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EvAN PRITCHARD IS SECRETARy OF THE MANCHESTER COMMUNIST PARTy
International Conference
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stimulate manufacturing and housebuilding. But, as Jeremy Corbyn spelled out in his conference speech this week, there is an alternative to capitalist austerity. We can end tax cuts for the rich and big business, cuts in public services, welfare benefits and our pay and pensions. Working people need a government that can deliver financial and economic policies that ensure full and sustainable employment, rising living standards, social justice and a better quality of life socially, culturally and environmentally. Such a government can legislate to end the public sector pay cap, enforce equal pay and strengthen union rights so that workers can take effective action to raise wage. It can take our utilities into public ownership, expand our public services and tax the rich to modernise Britain’s industrial base rather than sacrificing it on the altar of financial speculation. Challenging austerity in this way, and defeating the resistance of bankers, bosses and bureaucrats, will shift the balance of wealth and power away from the rich and towards a Britain run in the interests of the working people and with power exercised not by the few but by the many. H
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The conference will take place at TUC Congress House in London on Saturday November 4. Speakers from across Britain and around the world will gather to discuss the political, historical and cultural legacy of 1917. Book tickets at http://tinyurl.com/y73o5kjy
Over the next twelve months we can be sure that she will seek to make these elements the basis of a binding treaty with the EU and that one key political objective will be to invalidate, and prevent the implementation of all the progressive elements of Labour’s manifesto – those that most directly threaten the Conservatives electorally. What are these neo-liberal prohibitions ? Key among them is EU competition law. This disallows comprehensive state ‘monopolies’ and hence any full, integegrated public ownership of rail transport, energy or posts. It also precludes state aid and thereby severely limits the scope for state investment to safeguard manufacturing jobs and overcome Britain’s disastrous productivity gap, thus negating Corbyn’s activist industrial policy Equally damaging are the EU’s procurement rules. Unless there is a massive campaign of resistance these also will be included in any Tory treaty. These rules will end the possibility of requiring state contractors to recognise trade unions or pay a full living wage – or to play an integrated role in regional industrial reconstruction. Compulsory competitive tendering will continue as before and Labour’s objective of full sectoral collective bargaining will be lost. Unfortunately these issues don’t figure at all in current debate. Instead the mainstream press is focussing everyone’s attention on ‘hard-soft’ Brexit - while the government pursues its objective of a neo-liberal Brexit that matches the interests of the City and the big corporations and its own political and ideological ends. What happens in Britain is of great importance for workers across Europe. If we can stop a neo-liberal settlement here, then it will help all those struggling internationally against EU neo-liberalism. Last month workers in France were demonstrating against the destruction of their contractual entitlements in line, as the French communist newspaper l’Humanite puts it, with the EU’s neo-liberal directives. The same goes for workers in Portugal, Greece, Spain and Italy who have suffered similar attacks – and even those in Norway who, as members of the Single Market, have just seen their dock labour scheme struck down by an EFTA court. H JOHN FOSTER IS INTERNATIONAL SECRETARy OF THE COMMUNIST PARTy
Jeremy Corbyn ‘The Morning Star is the most precious and only voice we have in the daily media’ Daily paper of the left £1 from your newsagent or online at www.morningstaronline.co.uk