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(en) Ireland, Workers Solidarity issue #93 is - Thats capitalism!

Date Sun, 08 Oct 2006 10:07:22 +0200

Slaving your life away just so you can make ends meet; having no
say in the major decisions that affect your life; criminal politicians
and businessmen plundering the country. Try to do something about
it and they’ll lock you up. Yes, thats capitalism!
In April Judge Alan Mahon, of the Flood/Mahon tribunal on
corruption, found it “extraordinary” that land speculator Tim
Collins could not remember his profit from the sale of the Boyne
Park. The Boyne site was bought for e3.4 million and then sold, just
weeks later, to the Office of Public Works for e9.4 million.
Collins claims that he had no knowledge that the state would buy the
land, let alone at that massively inflated price, and that he “never
discussed it with the Taoiseach”. Bertie, in turn, has described
Collins as “a local person” and “someone I know outside
of politics”.
In fact Collins has been a Fianna Fail activist in Bertie’s
constituency since the 1970s, a government appointee to the board
of Enterprise Ireland (at Bertie’s insistence according to Mary
Harney), and a trustee of Bertie’s own constituency


Bank of Ireland reported pre-tax profits of e1.6 billion for the year to
the end of March, an increase of 31% on the previous year. When
the effects of sell-offs and restructuring costs are taken out, profits
are up 16% to just under e1.4 billion.
So what was the Bank’s reward for their staff? A wage increase
of 16%? Not likely. Chief executive Brian Goggin declared that
defined benefit pension schemes (which guarantee an income based
on your final salary) were “a thing of the past”. New
employees will now get a smaller pension after years of making big
profits for their bosses.


Brian Goggin received a total remuneration (his pay, plus bonus plus
pension contribution) of over e2.5m for the year 2005/2006, a 31%
increase on the e1.9m he received the previous year. This included a
pension payment worth e168,000 into his (definitely not “a thing
of the past”) defined benefit scheme.


A new trend across the USA: Santa Monica.. Dallas.. Tampa.. Las
Vegas.. Orlando.. Feeding the homeless in city centre parks is now a
crime. Businesses don’t like poor people hanging around, and
politicians have rushed to do their bidding. The anarchist Food Not
Bombs network has vowed to continue feeding the destitute, despite
members being arrested and threatened with $1,000 dollar fines and
jail sentences of six months.
From the anarchist journal Workers Solidarity 93, Sept/Oct 2006
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