Lockdown and locked out of school

Lockdown widened learning gaps between richer and poorer primary school children, an analysis of thousands of families in England suggests.
Children from poorer families did at least one hour less learning a day compared with those in richer families, the Institute of Fiscal Studies found.
One head teacher says it could take up to two years to bring some children back to their correct attainment level.
The IFS surveyed the parents of 5,500 school-aged children in England during lockdown. It compared the richest 20% of pupils with the poorest 20%. In May, the IFS said children from wealthier families were spending more time studying during the pandemic than poorer children. And in its latest research, the think tank gives a more detailed picture of how coronavirus has widened the gap between the richest and poorest primary school children. Its findings suggest richer primary school children spent 75 minutes a day more on educational activities, compared with those in poorer families during lockdown.
Resources provided by schools are also unequally distributed, the IFS suggested. Around 42% of poorer primary-aged children received some sort of online lesson, conference call or support from their school, compared to 58% of richer children. And the IFS said it found evidence suggesting children who have had better access to learning resources are also more likely to spend more time learning than children who do not. 
Richer children were (37%) more likely to have their own space to study than their poorer counterparts. And although a large majority of children from all backgrounds had access to a computer or tablet, richer children were also more likely to have access to a computer or tablet.
Kirsty Tennyson is Executive Principal of the Three Saints Academy Trust and explained,  “In a deprived area there is already a gap that we’re striving to close – to narrow and ultimately to close the gap,” she says. “Children who have not got that support at home and have not been able to access that learning – that gap will have grown hugely.” She admits there is a mountain to climb. “This is going to take into this academic year and the one after to really get those children back to where they need to be and for some children it will take longer.”

Inequality in USA

 For Every $100.00 in Median White Wealth, Black People Have $8.70


In 1968, it was $9.43. It keeps getting worse for beaten-down Americans. In the past twenty years, median income for Black households has dropped 5 percent while increasing 6 percent for White households. This year the Black and Latino communities have suffered the greatest effects of the coronavirus pandemic.


 Because of their job losses and lack of savings and inability to maintain rent payments, they will be taking the brunt of a growing housing crisis, especially in the big cities, where rent for Millennials is already over two-thirds of their incomes. Black and Latino households are also more like to face food insufficiencies. Yet the Trump administration recently considered cuts to the food stamp program.


After building their businesses on 70 years of taxpayer-funded research and development, Apple/Amazon/Google/Microsoft/Facebook have expanded their composite net worth to almost $7 trillion, while avoiding over a hundred billion dollars in taxes. 


Capitalism at Work



The Institute for Policy Studies shows that the dozen richest American billionaires now collectively own more than $1 trillion in wealth, a finding one analyst described as “a disturbing milestone in the U.S. history of concentrated wealth and power.”



According to IPS, the 12 top U.S. billionaires have seen their combined wealth soar by 40%—or $283 billion—since the coronavirus began spreading rapidly across the U.S. in mid-March, sparking widespread economic shutdowns and mass job loss.



“During the first stage of the pandemic, between January 1 and March 18, the collective wealth of the Oligarchic Dozen declined by $96 billion,” wrote IPS researchers Chuck Collins and Omar Ocampo. “But their wealth quickly rebounded and surpassed their September 2019 Forbes 400 wealth level. The only exception is Warren Buffett, who is still $2 billion below his September 2019 wealth, but is currently worth $80 billion.”



Last Thursday, the billionaires’ combined wealth reached $1.015 trillion—the first time in U.S. history that the collective net worth of the top 12 American billionaires has topped the trillion-dollar mark. According to IPS, Tesla and SpaceX CEO Elon Musk has seen his wealth jump by $48.5 billion since mid-March, making him the “biggest pandemic profiteer” of the group.


“The total wealth of the Oligarchic Dozen is greater than the GDP of Belgium and Austria combined,” said Ocampo. “Meanwhile, tens of millions of Americans are unemployed or living paycheck to paycheck, and 170,000 people have died from Covid-19 in the United States.”


“This is simply too much economic and political power in the hands of twelve people,” Collins, director of IPS’ Program on Inequality and the Common Good, said in a statement.


The dozen wealthiest U.S. billionaires and their respective net worth as of August 13 are:

Jeff Bezos—$189.5 billion Bill Gates—$114.1 billion Mark Zuckerberg—$95.5 billion Warren Buffett—$80.6 billion Elon Musk—$73.1 billion Steve Ballmer—$71.5 billion Larry Ellison—$70.9 billion Larry Page—$67.4 billion Sergey Brin—$65.6 billion Alice Walton—$62.6 billion Jim Walton—$62.3 billion Rob Walton—$62.03 billion https://www.commondreams.org/news/2020/08/17/disturbing-milestone-just-12-us-billionaires-now-own-more-1-trillion-combined-wealth



Campaign from the left – Govern from the right!

 

“…The masses must have time and opportunity to develop, and they can only have the opportunity when they have their own movement…”  Frederick Engels to the American socialists when the labor movement in New York City nominated the non-socialist reformer Henry George for mayor in 1886   If you are always complaining about the number of socialist, anti-capitalist and otherwise radical-left parties in the United States and keep wondering why when America is already well provided with a multiplicity of left-wing parties, why the World Socialist Party of the United States (WSPUS) is added to this profusion of the confusion? The answer is there is no way of challenging and refuting the spurious programs of the parties which promise to reform capitalism except by building up from the ground an organization of socialists working only for socialism.


Joe Biden believes that capitalism can work if it is properly tethered and reined in. And we have a plethora of political commentators urging us that Biden is the best choice when the other option is Trump.

It is well worth offering the analysis of Eugene Debs when it comes to the US electoral circus.

…Parties but express in political terms the economic interests of those who compose them. This is the rule. The Republican party represents the capitalist class, the Democratic party the middle class and the Socialist party the working class. There is no fundamental difference between the Republican and Democratic parties. Their principles are identical. They are both capitalist parties and both stand for the capitalist system, and such differences as there are between them involve no principle but are the outgrowth of the conflicting interests of large and small capitalists…”

…To the workers of the country these two parties in name are one in fact. They, or rather., it, stands for capitalism, for the private ownership of the means of subsistence, for the exploitation ol the workers, and for wage-slavery…”

In contrast to the capitalist parties he argues that:

…Unlike the platforms of the Republican and Democratic parties, the Socialist Party platform is a plain and simple declaration of principles and policies which all may understand. It was not framed merely with a view to winning votes. Its utterances are straightforward and to the point. There is no ambiguity; no evasion of vital issues; no possibility of double construction. There is no attempt to compromise with capitalism; no effort to throw a sop to the enemies of labor; no adherence to the miserable fiction that the interests of labor and capital are identical. The Socialist Party, in short, proposes to place the workers in possession of all the wealth they produce and to insure to every individual full and free opportunity to labor. The elector who casts his vote for its candidates may do so with the positive assurance that whenever the opportunity arises every pledge of the party platform will be carried out to the letter. The Socialist Party does not disguise the fact that its ultimate aim is the entire abolition of rent, interest, and profit…”

Radical activists do a disservice to Debs’ legacy and his commitment to working-class political independence. By trying to get Joe Biden to say and do what leftist want him to say and do, is to engage in a pathetic and puerile political ventriloquism. It is dependent politics, powerless politics. It is readily admitted by many in the liberal progressive movement that both the Democratic Party and the Republican Party are controlled by moneyed interests. And we know that the Democratic Party represents corporate interests. So no matter what the candidates say or do, they are still being controlled by the two-party system which is disempowering.

  Regardless that Biden may seem a genuine and honorable man to the electorate, once such a sincere person is elected to office in any government anywhere, they become the captive of capitalism, compelled by the system to represent the interests of the ruling class of the nation state, which ever nation state it happens to be. Some voters will respond, “surely, a little is better than nothing?” Except it will always result in nothing, because capitalism can never serve the exploited.

  The WSPUS espouse the theory that poverty, unemployment, racial oppression and environmental destruction are not simply sideeffects of capitalism but are vital part of it. This is something that Eugene Debs understood only too very well. The membership of the WSPUS is minuscule, it is true, but there is no alternative to world socialism if the planet is to have a future.

Campaign from the left – Govern from the right!

 

“…The masses must have time and opportunity to develop, and they can only have the opportunity when they have their own movement…”  Frederick Engels to the American socialists when the labor movement in New York City nominated the non-socialist reformer Henry George for mayor in 1886   If you are always complaining about the number of socialist, anti-capitalist and otherwise radical-left parties in the United States and keep wondering why when America is already well provided with a multiplicity of left-wing parties, why the World Socialist Party of the United States (WSPUS) is added to this profusion of the confusion? The answer is there is no way of challenging and refuting the spurious programs of the parties which promise to reform capitalism except by building up from the ground an organization of socialists working only for socialism.


Joe Biden believes that capitalism can work if it is properly tethered and reined in. And we have a plethora of political commentators urging us that Biden is the best choice when the other option is Trump.

It is well worth offering the analysis of Eugene Debs when it comes to the US electoral circus.

…Parties but express in political terms the economic interests of those who compose them. This is the rule. The Republican party represents the capitalist class, the Democratic party the middle class and the Socialist party the working class. There is no fundamental difference between the Republican and Democratic parties. Their principles are identical. They are both capitalist parties and both stand for the capitalist system, and such differences as there are between them involve no principle but are the outgrowth of the conflicting interests of large and small capitalists…”

…To the workers of the country these two parties in name are one in fact. They, or rather., it, stands for capitalism, for the private ownership of the means of subsistence, for the exploitation ol the workers, and for wage-slavery…”

In contrast to the capitalist parties he argues that:

…Unlike the platforms of the Republican and Democratic parties, the Socialist Party platform is a plain and simple declaration of principles and policies which all may understand. It was not framed merely with a view to winning votes. Its utterances are straightforward and to the point. There is no ambiguity; no evasion of vital issues; no possibility of double construction. There is no attempt to compromise with capitalism; no effort to throw a sop to the enemies of labor; no adherence to the miserable fiction that the interests of labor and capital are identical. The Socialist Party, in short, proposes to place the workers in possession of all the wealth they produce and to insure to every individual full and free opportunity to labor. The elector who casts his vote for its candidates may do so with the positive assurance that whenever the opportunity arises every pledge of the party platform will be carried out to the letter. The Socialist Party does not disguise the fact that its ultimate aim is the entire abolition of rent, interest, and profit…”

Radical activists do a disservice to Debs’ legacy and his commitment to working-class political independence. By trying to get Joe Biden to say and do what leftist want him to say and do, is to engage in a pathetic and puerile political ventriloquism. It is dependent politics, powerless politics. It is readily admitted by many in the liberal progressive movement that both the Democratic Party and the Republican Party are controlled by moneyed interests. And we know that the Democratic Party represents corporate interests. So no matter what the candidates say or do, they are still being controlled by the two-party system which is disempowering.

  Regardless that Biden may seem a genuine and honorable man to the electorate, once such a sincere person is elected to office in any government anywhere, they become the captive of capitalism, compelled by the system to represent the interests of the ruling class of the nation state, which ever nation state it happens to be. Some voters will respond, “surely, a little is better than nothing?” Except it will always result in nothing, because capitalism can never serve the exploited.

  The WSPUS espouse the theory that poverty, unemployment, racial oppression and environmental destruction are not simply sideeffects of capitalism but are vital part of it. This is something that Eugene Debs understood only too very well. The membership of the WSPUS is minuscule, it is true, but there is no alternative to world socialism if the planet is to have a future.

A boom or a slump?

The S&P 500, one of the widest and most prominent US market measures, has hit a new high despite ongoing worries about the sharp economic impact of the pandemic to close at 3,389.78 – about three points above its 19 February record.



The Nasdaq hit another record after surpassing its prior high in June while the Dow Jones Industrial Average is within about 5% of its February record.



US shares have been on an upward path since 23 March. Analysts say the recovery is partly due to America’s central bank a slew of unprecedented economic support measures, Federal Reserve moves and other stimulus, as well as demand from investors who are confident the economy will heal and see few better opportunities to make money than on the stock markets.



Japan, which has seen its Nikkei 225 index climb back to roughly 4% of its pre-crisis high, has benefited from both aggressive government stimulus and relative success at controlling the virus without mass lockdowns.



But the gains in the US have outstripped many other markets. London’s FTSE 100 remains about 20% lower than its January high, while France’s CAC 40 is off about 19%.

The unusual strength of the US rebound comes from its tech companies, such as Apple, Microsoft and Amazon, which have been seen as winners despite lockdowns, along with companies in areas like cloud computing and machine learning.
“We would not be flirting with all-time highs were it not for technology,” said Terry Sandven, chief equity strategist at US Bank Wealth Management.
Shares in the S&P 500’s tech sector have climbed roughly 25% so far this year, even as other areas remain flat or negative. 
Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, said that’s a warning sign for those who might want to see the new S&P 500 high as a signal about the broader economy.
“There’s big dispersion between those that have done well and those that have done poorly,” he said.  Of the 500 companies in the index, more than half have shares trading lower than they were start of the year, he said.

The Rich Get Richer

 America’s 12 wealthiest now control $1 trillion of wealth. 



Between 1980 and 2018, tax law changes favoring the nation’s rich left our billionaires paying 79 percent less in taxes, as measured as a share of their wealth. 



The country’s top .01 percent, a group consisting of households with wealth in excess of $100 million, have seen their tax payments as a share of their wealth drop by almost as much, 73 percent.



An ultra-wealthy household that realizes $25 million in tax savings doesn’t rush out and spend that extra $25 million on food, home improvements, or new clothes. Most of those added millions just add to that ultra-wealthy household’s wealth and future wealth.



The share of America’s wealth that our top .01 percent hold has quadrupled, rising from 2.3 percent in 1980 to 9.6 percent in 2018. 



The incomes of the top .01 percent of our nation’s investors have, over the same years, jumped from 1.5 percent to 4.6 percent.

The East-Med Hotspot

The Israeli cabinet last week approved a pipeline deal to move gas offshore via Cyprus to Greece and Europe. The 1,900-kilometer (1,181 miles) link will connect gas fields in the Eastern Mediterranean basin to European markets. The $6 billion project, many years in the discussion, was boosted in January by an agreement signed in Athens between Israeli Prime Minister Benjamin Netanyahu and his Greek and Cypriot counterparts. The EastMed project puts Israel on a collision course with Turkey  which has laid claim, reinforced with a maritime deal with Libya, to large parts of the Eastern Mediterranean, where it is exploring for gas—and conducting naval exercises. These moves are exacerbating tensions with Greece.
Disputes over exploration rights and pipelines will add fuel to the heated rhetoric between the two countries. Turkish naval vessels harassed an Israeli research vessel near Cyprus last December, and Israel’s annual military assessment listed Turkey as a “challenge” for the first time last year. Egypt has its own claims to gas fields in the Eastern Mediterranean. Cyprus and Greece have already raised alarms over the Turkish-Libyan delineation of maritime rights, which intersects with the planned route for the EastMed pipeline.
For good measure, France’s President Emmanuel Macron has joined the issue, calling for European Union sanctions against Turkey over what he described as “violations” of the sovereignty of Cyprus and Greece. Israel’s main interest in the Mediterranean is to build on alliances with Greece and Cyprus that has grown over the past few decades. This dovetails with the interests of Egypt and France—which, along with the United Arab Emirates, are also anxious about Turkey’s military involvement in the Libyan civil war. Israeli-Greek military relations have deepened recently. Greece has signed a deal to lease Israeli drones, and Israeli Air Force jets have participated in a major Greek military exercise. Israeli-Greek military cooperation is a frequent topic of discussion at Israeli policy discussions and think-tanks. Israel is taking delivery of new Sa’ar 6 class corvettes and will eventually build new Reshef class combat vessels to protect its exclusive economic zone.
 Russia has opened a natural-gas link to Turkey through the Turkstream pipeline, causing concern in Washington about Russian inroads into Europe, via Turkey. 

Against Lesser Evilism

A miner walking home after a long hard day down the pit. Being weary, he takes a short cut across a field.
Soon enough, he is approached by the land-owner. 
“You are trespassing on private land, this land belongs to me.”
The miner responds, “So, how did you come by all this land?”
“My family fought the indians and drove them away,” proudly says the land-owner.
“Okay, get your jacket off” replies the miner, “and I’ll fight you for it right now!”

Poverty persists deeply entrenched and pervasive in America, and it is not for lack of resources. For the large majority of African-American families, the ghettos of the civil rights era have been passed on from parents to children, with little change. No other advanced nation tolerates the depth of deprivation allowed in the United States. Among too many poor and minority Americans, voting and choosing elected officials just isn’t viewed as essential to their lives. Many families are deemed as “undeserving” and have experienced a decrease in assistance. But these crude distinctions between the “deserving” and “undeserving” poor are unworthy of any progressive.

The World Socialist Party of the United States concedes that the majority of our fellow-workers are not yet class-conscious revolutionaries. Even for those who say they support socialism, most have little understanding of what it really is. They share with Bernie Sanders the view that socialism is a Scandinavian-style welfare state. A mixture of private ownership and government-run public services.  Many view socialism not as the dissolution of the State, but rather as an expansion of the scope of government. Clearly, we are very far from any sort of understanding that socialism means the end of capitalist commodity production for profit. Without a knowledge of the irreconcilable class conflict within capitalism there is little chance of political and economic transformation of society. People are not just asking to breathe; they are asking for a breath of fresh air and to breathe freely.

The World Socialist Party cannot subscribe to the idea that we should lay aside principles and refrain from criticism of Biden, the lesser evil. We are reminded of Howard Zinn’s observation on political power. “What matters most is not who is sitting in the White House, but “who is sitting in” — and who is marching outside the White House, pushing for change.”  

Endorsing candidates of capitalist parties muddies the truth that the system of capitalism itself is the real enemy of the working class. As socialists we know that no transformation of society has ever been achieved through reforms within the power structure of that society. Supporting (critically or with illusions or not) candidates of the parties of the capitalist class is deceptive because it implies that the system can be changed through such reforms as long as we elect the correct capitalist candidates. 

Without a clear socialist perspective, workers can be led to believe that supporting the Democratic Party will secure important gains for working people. The Democratic Party is called the “friend of labor” and the unions have given Democrats generous contributions in an attempt to buy favors’ Yet it is a capitalist party both in form and content. Biden heartily embraces capitalism.

Liberals and progressives will brag that Biden is the lesser evil when compared with Trump. But the results of the working class relying on the Democratic Party have been disastrous: The standard of living of the working class has been in a steady decline whether the Democrats or the Republicans held the reins of government. The objective role of the Democratic Party is to politically disarm the working class and keep it disorganized. Working within the Democratic Party and electing its presidential candidates who are content with reforming capitalism can only create barriers to building socialism. The working class must see its interests as directly opposed to those of the capitalist class. It must overthrow the capitalist class, take control of the state, and then proceed to construct a new society that operates in the interests of the vast majority.

American voters have permitted themselves to be convinced that electing a new president will change things. “It’s gonna be different this time.” is the refrain. But it won’t be. If Biden were actually to become President of the United States of America, it would hardly matter, for his freedom of action is too restricting and he would have very little option but to accommodate the capitalist class and their agenda. If he was elected there may be a number of cosmetic changes with implementation of some identity politics but the fundamental problem, capitalist property relations, would remain essentially unchanged. The Democratic Party (or as we like to describe them, the Damnocrats) is a party that calls for the reform, not the abolition of capitalism.  When the WSPUS speak of working class independent political action, we think in terms of class independence. In other words, a political party entirely under the control of working people, representing their interests and their interest alone.


The American working class have been fooled into accepting the concept of common interests wherein the problems of the capitalist class are theirs also. The suggestion is that people in the US all belong to one of the world’s mightiest military and industrial powers, sharing equally in the glory; so let’s all work still harder to increase the arms and wealth of the rulers. The belief that there exists a community of interests from which we all derive common benefits is a mistaken one but nevertheless held strongly.    Two crucial political fallacies permeate American workers thinking. First, that the present system can be so organized that it will operate in the interests of the majority, through a process of applied reformism; Secondly, that “proper leadership is an essential requirement.   However, neither will ever remove any of the major social evils and the socialist’s mission is to demonstrate that fact. 


Without vibrant grassroots movements changing reality, the oligarchs and plutocrats in power will keep trampling upon working people. We need BOTH activism on the streets demonstrating against specific grievances AND we need effective electoral action for social change.    A powerful socialist party should be the conduit for change. The street protests have often been aimed at the wrong target. A socialist party is an organization which can connect the dots between issues and movements — from winning justice for the oppressed to fighting for migrant rights to interacting with global environmental movements. We cannot afford to choose between the fronts upon which we must battle.


Biden is not encouraging working people to do things for themselves. There was no thought given to constructing a real working-class movement but simply to encourage the unions and working people to remain an appendage to the Democratic Party. The goal is not to create a socialist society for the working class but to encourage the working class to build socialism for itself.


Socialism is not about fighting for reforms or crumbs from the bosses table. We need to organize independently of the capitalist class and their parties. We need to show the working class that we have strength and power on our own because we do. This is Socialism 101.

Supporting the candidates of capitalist parties weakens us. It ties our hands to the capitalist system to resolve our problems. It’s a dead end. Reformism is not the same as socialism. We can’t make that distinction clear if we lend our support to capitalist politicians. It is contradictory to support capitalist politicians while opposing capitalism. Any candidate representing the parties of the capitalist class represent the class enemy of the working class. Our political power is in our independence from the capitalist class and their political parties. Only by organizing independent, revolutionary socialist parties of the working class around the world can we will end capitalism and establish socialism everywhere and for everyone.

The City and the Coronavirus

The economic collapse in Britain during the second quarter of 2020 was the worse on record. Unemployment is forecast by the Bank of England to soar to 2.5m by Christmas. The Brexit cliff edge approaches. Yet in the City, the FTSE 100 has been on the up.



The FTSE jumped 2% on the same day it was revealed the economy had slumped by 20%.





Even if unemployment surges, and consumer spending in the UK fails to recover fully, the stock market can continue rising.
Three out of the four biggest companies in the FTSE 100 were this week trading at share prices above their levels at the start of 2020, as if the pandemic never happened.
Unilever, maker of consumer goods from Domestos to Ben & Jerry’s ice cream, was trading at about £45 a share this week, compared with £43 in January. Drug giant AstraZeneca (boosted by vaccine hopes) is fetching £85 a share from £68 in January, and even mining conglomerate BHP (largely Australian, but listed in London) is a smidgen above its January price.
Ocado, the food delivery firm, has leapt in value and now has a total stock market capitalisation (£17bn) that is significantly greater than Sainsbury’s and Morrisons combined.
The FTSE 100 is yet to fully recover to the 7,500 level it enjoyed before the lockdown, but the steep market fall in February and March – when it dropped below 5,000 – is now a distant memory. Some pension funds, such as the Nest scheme which covers 9 million “auto-enrolled” workers, are back to where they were before the pandemic. Nest’s default pension fund currently has a unit price of 207p, compared with 208p at the start of January. The millions of UK savers in Nest may cheer the recovery of their funds, but it has little do with the performance of the UK. The five biggest holdings in the Nest default fund are all American: Microsoft, Apple, Amazon, Google and Johnson & Johnson.
UBS, which styles itself as the world’s “leading wealth manager” with $2.3tn under management, thinks UK shares, and sterling, will go even higher. Its economist Dean Turner said the worst of the slump in the economy is over, there is a strong bounce-back in activity, and pent-up consumer demand will power a strong recovery later in the summer and into autumn.
“In our view, UK assets look undervalued. In this environment, we continue to maintain a preference for UK equities relative to other eurozone stocks, and expect sterling to strengthen versus a weaker US dollar over the next 12 months,” said Turner.
Some big investment groups suggest that even if there is a downturn later in the year, the Bank of England will rescue investors by injecting money into the market, known as quantitative easing (QE). Previous rounds of QE have pushed up share prices, although critics say it increases wealth inequality.
BNY Mellon Investment Management chief economist, Shamik Dhar, says: “If the recovery does stall, or turns out to be significantly less positive, then I expect the government to step in with further fiscal measures, extending job and income support programmes, and the Bank of England to step in with more QE towards the end of the year.”
Fidelity, one of the world’s biggest investment groups, is rather less confident.
 Investment director Tom Stevenson said: “No one knows exactly what the recovery from coronavirus will look like – particularly with the potential for a second wave of infections and further local lockdowns – but it is likely that it will be a slow crawl towards pre-Covid levels with further government stimulus needed to restore sustained growth … Much depends on whether rising unemployment creates a negative feedback loop into lower appetite to spend and invest.” 
Fidelity reckons that holding gold – a standard safe haven in troubled times – may still make sense.



https://www.theguardian.com/business/2020/aug/15/ftse-100-rises-economic-covid-unemployment