US business profits outside of the financial sector are shrinking

by Pat O'Dea

For the capitalists the recession is officially over when growth, (profit) returns to the economy.

Big profits are being made from the continuing financialisation of the economy. (You know the thing that caused the huge speculative bubble that began the recession in the first place).

Unfortunately this huge profit taking in the financial sector is not being matched in the rest of the capitalist economy. Profits being made in the rest of the business world are shrinking as the data in the following blog article shows: http://blogs.hbr.org/fox/2010/11/the-real-story-behind-those-re.html

Bomber Bradbury: The speech I would have given for a new left wing party

On his TUMEKE! blog,Martin ‘Bomber’ Bradbury says he would have given the following speech to welcome the launch of a new left wing party, the possible launch of which has been widely speculated on during Matt McCarten’s Mana campaign.

The passage quoted at the start of Bradbury’s post is from Chris Trotter’s latest column on Stuff.

Left’s utopia must have room for aspiration

[by Chris Trotter]

OPINION: Another Aotearoa Is Possible – that’s the hopeful title of a conference getting under way in Mangere tomorrow morning.


This grand political hui – featuring some of New Zealand’s leading leftists – was conceived with not one, but two agendas. Or, to employ the steely jargon of yesterday’s revolutionaries: a Maximum Programme and a Minimum Programme.


For the Maximum Programme to prevail, radical Unite Union leader Matt McCarten had to attract 5 to 10 per cent support in last Saturday’s Mana by-election. If he’d ended the evening with 1200 to 1500 votes, Te Wananga O Aotearoa’s Mangere campus – the conference venue - would almost certainly have witnessed the birth of a “New Left Party”.


Unfortunately for the conference organisers, Mr McCarten ended up attracting the support of just 3.6 per cent of Mana voters. This failure to surpass even the 5 per cent MMP threshold means that tomorrow’s conference agenda will default to its Minimum Programme: “A day of dialogue with activists against injustice and inequality”.

We live in extraordinary times. The current global economic crises is unlike anything since the 1929 stock market collapse which spawned the great depression. We face a crises ‘of’ capitalism as the unregulated neoliberal greed of corporations has been allowed to replace managed Keynesian economic theory. In the 1970s the real economy and the financial economy were evenly valued but 40 years of deregulation, low tax, free market dogma has seen the real economy valued annually at $8 trillion while the financial economy is valued at $330 trillion, that disconnect between reality and the inflated bubble world of finance has gone pop, we must reconsider the rules of the game because the unsustainable consumer culture of SUVs, plasma TVs and cosmetic surgery all on the credit card game is over.

Message of condolence to families of Pike River miners

Along with the many other New Zealanders and people from around the world who have sent messages of support, we would like to offer our heartfelt sympathy to the families, fellow miners, and all those communities on the Coast effected by the shocking disaster at the Pike River mine.

We have been deeply saddened at the terrible loss of 29 irreplaceable lives.

We have shared your frustration in the delays in attempting a rescue, hoping against hope for a joyful outcome, while fearing the terrible consequences we now know.

It should never be a condition of earning a living that workers, such as your staunch and courageous men, should have to put their lives at risk. Yet this is what they do daily, and have done for generations. It is these dangers which has bound mining communities together on the Coast into a resilient, tenacious and caring family.

Words are inadequate to express our sorrow. We know you will hang on to your memories of your loved ones.

Our thoughts are with you all. We hope your men are returned to you soon and that the cause of and responsibility for this disaster is soon established.

Yours in solidarity,

Socialist Worker central committee

If blood be the price of your cursed wealth, Good God! we have paid in full

From the Grey River Argus, January 8, 1920, page 2

The Grey River Argus, was a West Coast newspaper owned by mine workers. It printed the lyrics to the song above in 1920.

You can hear the late Utah Phillips give his rendition in the post below.
The song, with words attributed to an “unknown proletarian” was popularised by the Industrial Workers of the World or Wobblies in the USA.

The Wobbly’s message of “One Big Union” to organise workers to wage uncompromising struggle against the exploiting class found widespread support among West Coast miners and many other workers in Aotearoa, in the early years of last century.

The poem / song is a reworking of Rudyard Kipling’s “The Song of the Dead”, a 1893 tribute to the sailors sacrificed so the British Navy could rule the waves.

Utah Phillips sings ‘We Have Fed You All A Thousand Years’

Venezuelan workers march for more participation

Banners read, “Neither Bureaucracy nor Capitalism, Worker Control” and 

“Socialism is Won Fighting.” (Source: VA.com)

By Juan Reardon
Venezuelanalysis.com

Thousands of Venezuelan workers took to the streets of Caracas on Tuesday, November 9th, demanding greater participation in their country’s nascent socialist economy.

Carrying banners that read, “Neither Capital nor Bureaucrats – More Socialism and More Revolution,” thousands of workers, union representatives, members of leftist political parties and other popular organizations took their demands to the Ministry of Communes and Social Protection, the National Assembly and the offices of the Vice Presidency.

Venezuela’s National Workers’ Union (UNETE), the organizers of the demonstration, called for the immediate passing of a new and radical labor law, the resolution of pending collective labor contracts, and the empowerment of workers within their unions, especially at worksites that now belong to the network of recently nationalized industries.

Labour holds Mana, McCarten fourth

By David

Labour’s Kris Faafoi has won the Mana by-election with 10,397 (46%) of the 22,387 votes cast. However, National’s Hekia Parata was close behind, with 9,317 (42%).

Third place went to the Green Party’s Jan Logie with 1,493 (6.7%). With Matt McCarten, standing as an independent backed by his Unite union coming in forth with 816 (3.6%). Also on the left, Kelly Buchanan of the Alliance gained 37 votes, despite endorsing McCarten.

McCarten’s result was better than any of the radical left (Alliance, Workers Party or RAM) candidates achieved in the last general election. However these were poor results themselves and I think many will be disappointed with this result.

During the campaign, there has been much speculation about McCarten’s plans to launch a new left party. This result will not provide much of a boost for this idea.

On the positive side however, McCarten’s campaign has seen a large group of radical left activists working together, it has highlighted some significant social issues and fired the imagination of many of the left who, at least for the duration of the campaign are taking the idea of a new party more seriously.

A Futures Commission to forecast what the world's rich will do

In conclusion to his article Ruling on Behalf of Wall Street's "Super Rich": The Financial End Time has Arrived, US left-wing professor Michael Hudson writes:

What we need is a Futures Commission to forecast just what will the rich do with the victory they have won. As administered by President Obama and his designated appointees Tim Geithner and Ben Bernanke, their policy is financially and fiscally unsustainable. Providing tax incentives for debt leveraging – for most of the population to go into debt to the rich, whose taxes are all but abolished – is shrinking the economy. This will lead to even deeper financial crises, employer defaults and fiscal insolvency at the state, local and federal levels. Future presidents will call for new bailouts, using a strategy much like going to military war. A financial war requires an emergency to rush through Congress, as occurred in 2008-09. Mr. Obama’s appointees are turning the U.S. economy into a Permanent Emergency, a Perpetual Ponzi Scheme requiring injections of more and more Quantitative Easing to to rescue “the economy” (Mr. Obama’s euphemism for creditors at the top of the economic pyramid) from being pushed into insolvency. Mr. Bernanke’s helicopter flies only over Wall Street. It does not drop monetary relief on the population at large.

The unsustainability of the US economy that Hudson writes about is leading many people, including Socialist Worker, to the conclusion that capitalism is entering its end time, however long that might last. The global response of socialists must be to lead a broad mass challenge to neo-liberalism right now and plan ahead for a seismic shift to a post-capitalist world.

To find out more about these ideas read Grant Morgan's compelling essay ‘BEWARE! THE END IS NIGH - Why global capitalism is tipping towards collapse, and how we can act for a decent future’.

Death of Bert Allison

by Len Parker

We have just heard of the recent death in Palmerston North of long time socialist and working class fighter Bert Allison in his 88th year. Bert succumbed to cancer.

Bert had a lengthy history in the working class and never gave up his belief in a socialist alternative or in the role of the working class in achieving it.

He was recognized by his friends and associates as a staunch fighter; even as he became increasingly incapacitated with failing eyesight and ill health he held to his convictions.

He kept in touch with local and international events throughout his life as an avid reader of The People's Voice, Socialist Worker, UNITY and other left-wing journals and as a student of Marxism.

Bert started his working life as a grocery-boy before working as a miner in the Huntly coal mines during the Second World War, then as a Gold miner in the Waihi Martha mines.

He had a spell picking tobacco in the South Island with his brother Percy. They then worked for a period as surveyors on the West Coast. Percy went on to work at Mangakino and was involved in the strike there.

Bert was locked-out  during the historic 151 days of the 1951 Waterfront dispute when the government and bosses tried to break the workers by starving them back to work under draconian anti-working class Emergency Regulations.

When Bert could no longer read himself his daughter read to him so he could keep up with events.

We take this belated opportunity to extend our condolences to all Bert's family in the loss of this working class stalwart.

Video: Matt McCarten at the Alliance conference

Matt McCarten speaking at the 2010 Alliance Party conference.

This video is part one of three, to watch the rest go to Socialist Worker’s YouTube page: http://www.youtube.com/user/SocialistWorkerNZ

Video: Tax Justice talk at Alliance conference

Socialist Worker’s Vaughan Gunson spoke to the Alliance Party conference about the Tax Justice Campaign, which is jointly sponsored by Socialist Worker and the Alliance.

This video is part one of four, to watch the rest go to Socialist Worker’s YouTube page: http://www.youtube.com/user/SocialistWorkerNZ

Interview: Advancing solidarity with Gaza

 Members of the latest Viva Palestina convoy celebrate after going through the Rafah crossing into Gaza

 

The fifth Viva Palestina convoy to break Israel’s siege of Gaza drove through the Rafah border crossing with 147 vehicles carrying 380 people from some 30 countries—and humanitarian aid worth some $5 million.
 
The convoy departed from London on September 18 and traveled 3,000 miles through France, Italy, Greece and Turkey before arriving in the Syrian port town of Latakia, where it was joined by two other convoys—one from Morocco and Algeria, and another that originated in Doha and came through the Gulf States and Jordan. After spending 16 days in Latakia while carrying out frustrating negotiations with Egyptian authorities, the convoys traveled on October 19 to the port city of El Arish, and from there drove into Gaza.
 
Kevin Ovenden, the director of the Viva Palestina convoy, spoke with Eric Ruder about the convoy’s significance for the Palestine solidarity movement. 

 

Matt for Mana: against homelessness & empty housing

Matt McCarten’s Mana by-election campaign has taken up the issue of housing, identifying many empty state houses in the electorate, while families are homeless.

The following video outlines the problem:

 The report from TV3 gives there take on what happened when some of Matt’s supporters took action:

Four arrested in Mana by-election stunt
By Liz Puranam
3 News

Four supporters of a political candidate in the Mana by-election have been arrested tonight after they took over an empty state house.
The men were protesting against what they say is the uncaring nature of big government but is it little more than a political stunt?

Mana candidate Matt McCarten and his supporters arrived at the Porirua police station this evening after they had been told four campaigners were arrested and charged with being on a property without permission.

“People are saying they can't get any response, that they can't get houses but then what we have is one protest and suddenly the housing corporation swings into action within minutes and people cleaned off and stuck in jail,” Mr McCarten says.

The prominent unionist and his supporters took over the Porirua state house today, saying they wanted to fix it up so a couple who have been living in a garage can have a home.

“These places are empty. There are people who are living in garages; it's real,” he says.

Carolyn Harvey was to be the new unpaying tenant. She and her partner have been living in a nearby garage.

“I sit in here and I think, ‘when's it going to end, you know, when's it going to end’,” she says.

Mr McCarten's supporters say they have counted 27 vacant state houses in Porirua so they had no problems simply opening this one up to install Ms Harvey and her husband.

But another candidate in the Mana by-election says this is a political stunt; Carolyn Harvey and her husband are with their daughter this evening while the four men arrested are still at the Porirua police station.

Housing New Zealand issued a statement this afternoon saying Mr McCarten's action was illegal and unfair on others waiting for a house and anyone on the property would be served with a trespass notice.

They told 3 News tonight that police have taken their own action; going one step further and arresting them, which they say is entirely appropriate under the circumstances.

‘NZ Not for Sale’ campaign to oppose trade agreement

Media release New Zealand Not For Sale Campaign

The New Zealand Not For Sale Campaign will be formally launched in Christchurch on November 11, in conjunction with the launch of Professor Jane Kelsey’s book on the Transpacific Partnership Free Trade Agreement.

The NZ Not For Sale Campaign has been set up to oppose the Transpacific Partnership because it is against New Zealand’s best economic, environmental and social interests.

“The trade agreements we already have are linked with high international debt, job losses, asset stripping, risky speculation, increasing sales of land to overseas owners, running down public assets and services, and loss of tino rangatiratanga and national sovereignty’’, says the Campaign Secretary, Dr Christine Dann.

Climate Activists to Dairy Summit: ‘Get a real job on a real farm’

Camp for Climate Action Aotearoa

Media Release: 9th November 2010

Camp for Climate Action Aotearoa invites the corporate farmers of the World Dairy Summit to get a real job on a real farm

In response to yesterday’s Federated Farmer’s press release telling protestors of the World Dairy Summit in Auckland to “Get a real job like farming” Camp for Climate Action Aotearoa suggests that Federated Farmer’s listen to their own advice.

Camp for Climate Action Aotearoa spokesperson Gary Cranston says “we support the actions of small scale farmers all over the world who are already living sustainably, feeding their communities and defending their climate-friendly farming practices from mega-scale agribusinesses.”

“As a stream of greenwash spews from the World Dairy Summit into our rivers small-scale farmer’s livelihoods are not only threatened by climate change, they’re also threatened by industrial agriculture itself and the kind of money-making false solutions that the world’s agribusiness giants are pedalling at the UN climate negotiations and through John Key’s Global Research Alliance on Agricultural Greenhouse Gases.”

PUBLIC MEETING: Tax Justice and Left Unity

Invitation to discuss:

Tax Justice & Left Unity

7pm, Thursday 11 November

@ Socialist Centre, 86 Princes Street, 
Onehunga, Auckland

Intro speaker: Vaughan Gunson, Tax Justice campaign coordinator
& Socialist Worker national chair

The meeting is hosted by Socialist Worker.

Light refreshments and hospitality will be served.

• Grassroots people are struggling. Food prices are going through the roof. There's simmering anger at National's GST hike. Will GST off food be a cut-through political issue next year?

• Can the demands of the Tax Justice campaign, to remove GST from food and tax financial speculation instead, be won? Would this put a significant dent in the neo-liberal economic model?

• 20,000 signatures have been collected for the Tax Justice petition. How can we build on this and break the campaign into national consciousness?

• What role can the Tax Justice campaign play in popularising an economic alternative to neo-liberalism?

• Could the Tax Justice campaign be linked to the Council of Trade Unions' Alternative Economic Strategy?

• Could a popular Tax Justice campaign be one element in helping to bring about the much needed unity of left forces in NZ?

These and other questions will be discussed after a short intro by Vaughan. The emphasis will be on open discussion and networking. The discussion won't be restricted to the demands and strategy of the Tax Justice campaign. Wider input on the challenges of building a left alternative to neo-liberalism, and what vehicles might best achieve this, are encouraged. Bring your two cents worth!

For more info contact,

Vaughan Gunson

021-0415 082

svpl@xtra.co.nz

*Join the Tax Justice campaign Facebook group.

Tax Justice advisory to broad left

3 November 2010 

20,000 signatures collected for Tax Justice petition

The Tax Justice campaign has collected over 20,000 signatures for a parliamentary petition calling on GST to be removed from all food and a tax placed on financial speculation instead.

The petition’s demands are connecting with a broad range of people angry at the economic hardships they're being made to bear. The rising cost of food is for many New Zealanders a big issue, especially when real incomes levels for most people are either stagnant or falling. (See Council of Trade Unions media release Real incomes falling, 7 October.)

The factors behind the positive popular reception to the Tax Justice petition are going to intensify in the months ahead. The New Zealand Institute of Economic Research has predicted that food price inflation will hit 10 per cent by the end of the year. (See Rising prices to offset October tax cuts, 1 September.)

The stretched budgets of grassroots people, particularly when it comes to the most basic of life’s necessities, food, requires that progressive forces offer solutions, both immediate and longer term.

It’s the view of Tax Justice campaigners that the “common sense” demand to remove GST from food, coupled with a tax revenue replacement that targets the mega-rich, has the potential to become a cut-through political issue for the left.


Invitation to get behind the Tax Justice campaign

In the spirit of greater cooperation and unity amongst leftists, unionists and other supporters of justice for grassroots people, we’ll be approaching a number of organisations and groups over the coming weeks about getting behind the Tax Justice campaign.

The two groups who have initiated the campaign, Socialist Worker and the Alliance Party, are very interesting in discussing how we can collectively grow the campaign into a bigger political force, and what kind of organisational structures might be established to best achieve this.

Already the Tax Justice campaign has received solidarity from members of the Maori Party, Green Party, and the Labour Party, as well as from members of Grey Power and a number of trade unions. Increasing the level of broad and active support for Tax Justice will be essential if we're going to force a major change to neo-liberal tax policy, which is what removing GST from food and the introduction of Financial Transaction Tax would undoubtedly represent.

The potential to break the Tax Justice campaign into national public consciousness is there, it just needs a big enough pool of active supporters to make it happen.

If you would like to discuss with us the prospects for broadening the groups and organisations actively involved in the Tax Justice campaign, please contact Vaughan Gunson, campaign coordinator. Email svpl@xtra.co.nz or phone 021-0415 082.


Two upcoming public meetings

There are two upcoming public meetings where the way forward for the Tax Justice campaign, along with other issues relating to left unity, can be discussed. They are:

Tax Justice & Left Unity
7pm, Thursday 11 November
@ Socialist Centre, 86 Princes Street, Onehunga, Auckland

Intro speaker: Vaughan Gunson, Tax Justice campaign coordinator. Discussion to follow.

For more details, contact Vaughan, svpl@xtra.co.nz or 021-0415 082.


There Is An Alternative - Progressive Economics for the 21st Century
3pm, Saturday 13 November
@ St Johns Church Hall, cnr of Willis & Dixon Street, Wellington

Speakers: Bill Rosenberg (CTU economist), Vaughan Gunson (Tax Justice campaign coordinator, Socialist Worker national chair). Chaired by Andrew McKenzie co-leader Alliance Party.

For more details, contact Kay Murray, ksimmondsmurray@xtra.co.nz.


Both these meetings are open to all leftist, unionists and supporters of justice for grassroots people.


Labour MP to present petition to parliament in 2011

Su’a William Sio, the Labour Party MP for Mangere, has offered to present the current Tax Justice petition to parliament sometime in 2011, most likely prior to the General Election.

Having a South Auckland MP present the petition to parliament will give it real political weight. We extend our thanks to Su’a for making this offer.

For further up-to-date information on the Tax Justice campaign go to our website www.nogstonfood.org The petition can be downloaded there.

And if you’re on Facebook join the ‘No GST on Food’ page. Over 5,500 people already have, making it one of New Zealand’s most popular grassroots political campaigns on Facebook.

Tax Justice campaigners will be working hard for the remainder of 2010 and into 2011. Help us make Tax Justice a big issue next year.


In solidarity,

Tax Justice executive committee:

Grant Brookes (Socialist Worker)
Kay Murray (Alliance Party)
Vaughan Gunson (Socialist Worker)
Victor Billot (Alliance Party)

How Obama got from hope to hopeless

In the U.S. Barack Obama’s Democratic party have suffered a big defeat in the mid-term elections, loosing control of the House of Representatives.

Alan Maass from the US Socialist Worker newspaper argues that when Obama swept to victory two years ago, the Democrats were handed a golden opportunity to transform U.S. politics for years to come—and they blew it.

President Obama during a meeting with Cabinet members (Pete Souza)

BARACK OBAMA thinks you really ought to be more patient.

“It took time to free the slaves,” he said in a speech at the end of September. “It took time for women to get the vote. It took time for workers to get the right to organize.”

Well...he’s certainly right about that. The struggles of the past that changed the world didn’t happen overnight.

But Obama wasn’t just making an observation about history. This was his excuse for how little the Democrats have done to meet the expectations of their supporters—they need more time.

The real question is: More time for what? The Democrats haven’t moved at even a snail’s pace on so many of the issues that motivated millions of people to support them in 2008—keeping people under threat of foreclosure in their homes, creating good-paying jobs, reducing the staggering inequality between rich and poor, reversing the shrill intolerance of the Christian Right, ending America’s wars and occupations around the globe.

NDU’s Robert Reid at Fairness at Work rally

Robert Reid, General Secretary of the National Distribution Union, speaks at the cross union rally in Manukau on October 20th 2010, as part of the national day of action for fairness at work. More on the campaign here: http://fairness.org.nz/

Hillary Clinton comes bearing poisoned chalice for NZ

By Murray Horton

CAFCA 

As if 2,000 earthquakes haven’t been enough punishment for Christchurch, now we’re going to have Hillary Clinton visiting us (and Wellington) this week.

A major focus for her NZ visit  will be the negotiations which are well underway for the US and a number of other countries to join an expanded Trans-Pacific Strategic Economic Partnership (currently comprising NZ, Chile, Brunei, and Singapore, and known as the P4 Agreement), with 2011 as the target to seal the deal. This will be used as the backdoor means to secure a US/NZ Free Trade Agreement.