Bill Pritchard – Not Forgotten
The Late W.A. (Bill Pritchard) was recently featured in the news recently. The Vancouver Sun reminded its readers of the 1933 election campaign between the various conservative parties and the left-wing Cooperative Commonwealth Party. Pritchard had departed the Socialist Party of Canada at the time and was standing in the election for the CCF, bringing with him his reputation as socialist and someone who had been jailed for his involvement in the 1919 Winnipeg General Strike. The Right latched on to that fact in attempt to smear the CCF as radical revolutionaries.
A future Vancouver mayor Gerry McGeer charged if the CCF won, “it means revolution…and we would lose all our personal freedom.”
Pritchard laughed at the scare tactics used by the traditional parties, such as the “presumption that the CCF intended to teach absolute socialism” in schools.
“Can you imagine anything more ridiculous than an attempt to cram down the throats of children three volumes of Karl Marx?” he said. “Not six men in the whole of the Dominion have read them.”
Pritchard later returned to the Socialist Party of Canada.
https://vancouversun.com/news/politics/this-week-in-history-1933-the-ccf-fights-its-first-full-election-in-british-columbia
Understanding Socialism
The Pandemic and Billionaires
A report published Wednesday by a coalition of advocacy groups entitled Billionaire Wealth vs. Community Health: Protecting Essential Workers from Pandemic Profiteers, focuses on 12 of the most egregious pandemic profiteers—the “Delinquent Dozen”—who include the owners of Walmart and the CEOs of Amazon and Target.
These companies and their owners and executives have benefited from their “monopoly positions,” the report states, but their success “hasn’t translated into better pay or safer working conditions for the employees showing up to work in a pandemic.”
It’s not just corporations—”private equity firms have bought up essential businesses in the healthcare, grocery, and pet care industries, only to aggressively cut costs, skimp on worker safety, and load companies up with debt to boost their own profits,” the report notes.
Among its key findings:
1) As of November 17, the combined wealth of 647 U.S. billionaires increased by almost $960 billion since mid-March, the beginning of the pandemic lockdown.2) Since March, there are 33 new billionaires in the U.S. Driving this exploding inequality are 12 companies whose profits are coming at the expense of workers and communities, including retailers like Walmart, Amazon, Target, and Dollar Tree, and Dollar Store, gig economy companies like Instacart, and food producers like Tyson Foods.3) Also included is the investment giant BlackRock and private equity firms like Leonard Green Partners, Blackstone, Kohlberg, Kravis Roberts & Co., Cerberus Capital, BC Partners, and CVC Capital Partners. These private equity firms own several essential healthcare, grocery, and pet supply companies.4) Ten billionaire owners of “Delinquent Dozen” companies have a combined worth of $433 billion. Since March 18, their combined personal wealth has ballooned by $127.5 billion, a 42% increase. These 10 billionaires are: Jeff Bezos (Amazon); Alice, Rob, and Jim Walton (Walmart); Apoorva Mehta (Instacart); John Tyson (Tyson Foods); Steve Schwarzman (Blackstone); Henry Kravis and George Roberts (KKR); and Steve Feinberg (Cerberus).
The Market and the Climate
A useful article reminding us all that capitalism cannot fix climate change.
“…Nicholas Stern, the former chief economist of the World Bank, calls climate change the “greatest and widest-ranging market failure ever seen”…Though it sounds like a generic phrase, “market failure” is actually a technical term. It doesn’t refer to scams like insider trading or corporate fraud. A failure occurs when the marketplace allocates resources in a way that does not optimally deliver wellbeing.
… Countless goods and services bear the stains of harms such as pollution, habitat destruction, floods, child labor, extinctions and disease. When we fill up at the gas station the price we are charged doesn’t tell us that our purchase increases the odds that a wildfire will burn down our community.
…Another characteristic of the market that leads to failure is its inability to provide incentives for businesses to produce or protect public goods, such as fire departments or city parks. Most important, the market doesn’t generate the public goods sometimes known as “ecosystem services”, such as nutrient cycling, soil formation, oxygen creation and a livable climate.
…The market doesn’t give private businesses a profit motive to produce public goods. For example, even if a company were to restore a marsh, they wouldn’t be able to sell that service because they couldn’t exclude anyone living on that coast from using that protection for free.
https://www.theguardian.com/commentisfree/2020/nov/19/climate-crisis-markets-economic-system
Socialism – What is it
Previous convictions (short story)
A Short Story from the Spring 1985 issue of the World Socialist
Patients not Patents
India and South Africa have proposed that WTO member states be allowed to waive patents and other intellectual property (IP) rights on any treatments and tools related to Covid-19 until the end of the pandemic, including for the Moderna and Pfizer/BionNTech vaccines that are expected to be approved for use in the coming weeks.
If the waiver were adopted, it would allow manufacturers to begin producing Covid-19 vaccines, treatments, diagnostics and any others tools used to fight the disease without fear of being sued or prosecuted.
“You would open your knowledge, data and patents to all the manufacturers around the world who could possibly do this,” said Roz Scourse, a policy adviser with Médecins Sans Frontières (MSF).
Those opposing the move include the UK, US, Canada, Australia and the EU – all of which have reserved billions of doses of potential vaccines through bilateral deals. The global supply of Covid-19 vaccines is likely to be far short of what is required until at least 2024, constrained by limited manufacturing capacity and countries hoarding doses, a study by Duke University in the US said this month. Governments in mostly wealthy states have already reserved more than 3.7bn doses, with negotiations under way for at least another 5bn.
Pharmaceutical companies have received unprecedented taxpayer funding – including $2.5bn (£1.88bn) to Pfizer/BioNTech, $2.48bn to Moderna and $1.7bn to the AstraZeneca/Oxford University candidate – yet retain control over who receives the vaccine, when, and over the price and quantities.
https://www.theguardian.com/world/2020/nov/19/uk-faces-calls-drop-opposition-patent-free-covid-vaccines-wto
Money for War Goes Up
In these days of austerity budgets and cuts to foreign aid defence spending is to go up.
The largest military investment in 30 years is set to be announced by the prime minister – an extra £4bn a year over the next four years, a 10% increase.
Johnson said that he was making the announcement “in the teeth” of the coronavirus pandemic because “the defence of the realm must come first”.
The PM said in order for Britain to “be true to our history and stand alongside our allies” it must make improvements “across the board”.
“This is our chance to end the era of retreat, transform our armed forces, bolster our global influence, unite and level up our country, pioneer new technology and defend our people and way of life,” he said.
https://www.bbc.com/news/uk-54988870
Felling the Forests
Megaprojects risk pushing the world’s remaining forests past a “dangerous tipping point” and making climate targets unachievable, a report say. Tens of thousands of miles of roads and railways are planned alongside mines and dams, opening up the forests of South America, south-east Asia and central Africa to destruction, according to the report by a coalition of 25 research and conservation organisations. Today, almost half of all large mines – more than 1,500 – are in forests.
In 2014, 50 countries and 50 of the world’s biggest companies backed the declaration, pledging to cut deforestation by 50% by 2020 and end the destruction of forests by 2030. But the 2020 goal has been missed and deforestation is rising.
Robert Nasi, the head of the Center for International Forestry Research (Cifor), one of the NYDF assessment partners, said: “We are living in a dream world of pledges but a reality of little progress, lack of transparency, vested interests and short termism…”
Five Amazon countries are investing $27bn (£20bn) over the next five years to build or upgrade more than 7,500 miles (12,000km) of roads, the report says, which would lead to deforestation of about 2.4m hectares. In Indonesia, the 2,500-mile Trans-Papua highway will cut through Lorentz National Park, increasing access to more than 50,000 hectares of mining concessions inside the park, while a railway planned for Kalimantan would open areas for coalmining and palm oil production. In Papua New Guinea, two plans would double the length of the country’s road network by late 2022, the report says. In sub-Saharan Africa dozens of international development corridors to export minerals and energy would cut across 400 protected areas and degrade an additional 1,800.
Anthony Bebbington, a mining and expert and report author, explained “Their purpose is to make it easier and cheaper to extract natural capital in ways that benefit economic elites above all.”
https://www.theguardian.com/environment/2020/nov/19/megaprojects-risk-pushing-forests-past-tipping-point-report