Economy

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Global inequality is escalating rapidly - let’s end concentrations of wealth and power, completely

Oxfam has just released a report that shows global inequality has escalated rapidly over the last 6 years.  The particular measure they used is a very important one.  First they calculated the wealth held by the poorest 50% of the planets population, which is about 3.6 billion people. And then they asked how many of the richest people held the same amount of wealth.

Irish government are trying to stop Apple giving Ireland 19 billion in owed taxes - how's that for 'looking after our own?

How many could we house, educate and care for with 19 billion? The Irish government is currently furiously fighting the European Union to prevent Apple paying us back taxes it owes us. There has been a lot of ‘concern’ about government plans to spend 48 million looking after 4000 people fleeing warfare in Syria and Iraq. The government and the media defend there ‘our own’ is first - the super rich in Ireland and elsewhere!

The social cost to us of O'Briens massive debt write offs

The vast sums of our money that the state gave in load write offs to the billionaire Denis O’Brien are so big that they hard to get your head around. None of us are ever likely to see one million, short of winning the lotto, never mind 336 million, the amount written off when O’Brien acquired Siteserv Group, Topaz Group and Beacon Private Hospital.

The New Property Boom: More Dublin Homeless than 1925

Irish government policy is creating a fresh property boom that is once more driving the most marginalised onto the streets and into insecure accommodation. The deliberate creation of housing scarcity has seen huge numbers being evicted by greedy landlords, normally making use of the rights stripping clause that allows them to claim they are intending to move a family member into the property. Right now in Dublin who doesn’t have friends being evicted under that clause?

Politicians & bosses lie as it turns out there are 300,000 empty houses in Ireland

Homelessness in Ireland could be solved at a stroke by allowing people without homes to move into the 302,602 empty houses in the country.

 

That figure comes from the National Institute of Regional and Spatial Analysis. It's equivalent of half the homes in Dublin, many of the vacants being in ghost estates that developers have been deliberately allowing to fall apart.

As ECB tells Greeks they voted wrong - will Syriza pull the temple down?

Do we live in an economy or in a society? Last night Europe's central bankers sent the clear message they expect us to be the well behaved slaves of an economy rather than equals in a society. Less then two weeks after the Greeks had elected an anti-austerity government the ECB in effect told them they intended to block the promises of change that government was elected on.

Boomtime in Poundland: Has Austerity Worked?

With the UK economy finally reaching its pre-crisis peak, many are claiming austerity has been vindicated. We explain why this is nonsense -- the critics of austerity have been proven right while austerity has failed in its own terms.

Serious investment in social housing is required as an alternative to Dublin council housing families in hotels or prefabs

Decades of lack of investment in social housing and the growing housing crisis in Dublin means that Dublin city council now appear to be considering building temporary slum housing. That's not of course what they are calling it but Assistant chief executive and head of housing Dick Brady has revealed a plan to house families in prefabs on derelict sites.

On Ireland being No1 for business. Tech workers, society, night clubs & cycle lanes

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?

Only mass action can defeat Austerity - WS129 Cover story

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.”

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