Mainstream media were very excited earlier this week with Forbe's proclaiming the republics "extremely pro-business environment" with of course no critical commentary over what that reality means for the mass of the population who rely on paid labour or social welfare to get by. What lies behind phrases like " low tax burden, investor protection"? Why has there been more investment by UC companies since 2008 ( $129.5 billion ) then in the previous 58 years? Should we really be cheering being No1 for attracting corporations?
Five years into an austerity program that is only working to make the rich richer, most of us are very unhappy about the lack of resistance from the unions. During the Croke Park campaign the SIPTU National Executive Council released a statement that included: "There is, of course, a wider issue of fairness in the Country as a whole because the wealthy are not contributing to the degree that they can or should. This is a consequence of the political choices made by the voters at election time.”
Roughly 1,000 people protested at the Dail last night as yet another austerity budget was debated. As with previous budgets the new flat rate taxes, PRSI & excise hikes will mean workers & those on low income will be hit hard while the richest 1% will hardly notice any difference.
This is a write-up of my talk at the 2012 London Anarchist bookfair on Anarchist Economics. I was part of a panel which was inspired by the recent AK Press book The Accumulation of Freedom (to which I provided a chapter on Proudhon). It does not cover everything and the other panellists made points I should have included – as such economics not being separate from society in a free society (nor, for that matter, would the analysis of how goods are produced – although that is, I think, implicit in my talk). Suffice to say, on the day I did not quite manage to cover everything I wanted and so this write up reflects my hopes rather than exactly the reality!
Over the last few months changes made by Facebook have greatly reduced the effectiveness of Events and Pages because it has become much less likely that someone following a page will see made by that page. According to Facebook on average only 12% of followers will see a given post. In 2011 Facebook did the same to events, multiple changes in the way events work saw response rates to event invitations decline from around 80% of those invited responding to this figure often being less than 20%.
€1,600 billion. That is the figure for Irish Oil & Gas reserves already licensed revealed this morning in a detailed report from Shell to Sea using the energy corporations own reports and estimates. People in Ireland will see almost no benefits from this incredible wealth because the Irish state gives these reserves to the corporations at the cheapest terms in the world.
Four anarchists including two Greek anarchists examine the real effects of the Euro crisis on the Greek population, resistance to the attempts to impose all the costs of the crisis on ordinary Greeks and the meaning of the second round of elections in particular the role of SYRIZA.
With votes still being counted it has become clear that the largest block of potential voters refused to take part in the fiscal compact referendum, rejecting the arguments that they could either vote for 'stability' or against 'austerity'. Quite possibly more people chose to boycott the referendum then the combined Yes and No voters. On top of this some 17% of the population who live and pay tax in Ireland were excluded from voting at all in the referendum. This means as many as 2/3 of the adult population did not vote in the referendum. [Italian translation of this article]
Who can dare suggest we are not all in it together? Cuts are being inflicted across all classes – the elite and companies get tax cuts, working class people get wage and benefit cuts. Even better, the Tories in their drive for fairness have given the many the opportunity usually afforded the wealthy few – by waiting until a pasty is lukewarm we can all participate in tax avoidance!
Ha-Joon Chang, while an economist, is not of the mainstream neo-classical brand. This becomes very obvious reading his extremely useful book 23 Things They Don’t Tell You About Capitalism.