Eight billionaires own as much wealth as half the planet – the real face of capitalism

Eight billionaires own as much wealth as half the planet – the real face of capitalism

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Poster produced by the Socialist Party in Ireland

A report published by Oxfam today has once again laid bare the growing gap between the richest and poorest people in the world. Just eight billionaires own the same amount as the poorest half of the world’s population – that’s 3.6 billion people.

Even the capitalists are starting to realise that growing inequality represents a threat to their system. The World Economic Forum’s Global Risk Report for 2017 placed inequality at the top of the list of threats facing society. But despite this realisation, under capitalism the wealth of the super-rich and the gap between “them and us” will inevitably continue to grow. Even during the financial crisis Britain’s billionaires doubled their wealth between 2009 and 2015!

Oxfam CEO Mark Goldring says that this shocking inequality shows that “our economics is broken”, and argued for “a more human economy”. But the system isn’t broken – capitalism is designed to make the rich richer, and it’s doing that perfectly. This report lays out the problem clearly – but its proposed reforms don’t address the fundamental issue of who controls the wealth in society. Workers create the wealth in society, but the super-rich keep it – to change this system we need to take the wealth off the 1%, and fight for a socialist system that will mean we can plan the world’s resources for the majority of people!

Are you angry at inequality? Do you want to join us in fighting the system that creates it? Fill in the form below!

 

Poll shows that Socialism is on the rise!

Poll shows that Socialism is on the rise!

Socialism Rising

Socialism Rising

After the 2015 General Election many people will be understandably wary of polls, and for good reason.

However a poll released by YouGov certainly makes for interesting, and encouraging reading. A survey of 3905 people showed that British people are keener on Socialism than Capitalism and that 36% of people have a very favourable or somewhat favourable opinion of Socialism compared to 33% who have a very favourable or somewhat favourable opinion of Capitalism.

In the same survey, almost 1 in 5 people described themselves as Socialists.

As ever these poll findings should be treated carefully. No doubt what people understand as Socialism will vary greatly. But what we can say is that this confirms something we have said for a long time, Socialism is far from dead, on the contrary it is on the rise.

Hardly surprising given that it was announced earlier this year that the 62 richest people in the world own as much wealth as half of the world’s population put together.

So if you are one of the growing number of people looking at Socialism as an alternative to global capitalist crisis, why don’t you get in touch to join us or find out more? Change won’t just happen, we have to get organised. Fill in the form below!