Tuesday, March 19, 2013

Actually existing news

The Labour Party is abstaining from a bill being rushed through Parliament that will create a retroactive law overturning hundreds of thousands of benefit rebates due to unemployed people wrongly sanctioned. What is more incredible, the fact The Party of Labour refuses to oppose workers exploitation, or the government’s explanation for the bill, that it will “protect the economy”?

Firstly the estimated total pay-out is £130 million, which is of course next to nothing in the grander scheme. It is nothing compared to Trident, nothing compared to Afghanistan, nothing compared to uncollected tax... You could go on. But there’s also a disturbing tendency in public life, which is fast becoming a blood sport, where the weakest in our society are hounded, sometimes to their literal death. These people have been wronged by a government department but because they're unemployed the rules have to be rigged so they always lose out. For shame!

There’s more though. The national economy is being dragged down by suppressed demand, job losses, part-time work, VAT rises, service cuts and closures all add up. Using the unemployed to fill entry level, often minimum wage positions saves a little in the short term, but only for favoured companies. The government is effectively subsidising companies like Poundland. But is depressing wages and knocking the bottom out of the economy. Without effective demand there is no recovery, just a downward spiral. 

No comments: