Archive for the ‘Irish General Election February 8 2020’ Category
“Never Waste A Good Crisis” – Big Economic Recession Coming Our Way – Irish Ruling Class Cuts “Meals on Wheels” – EU Leaders Pour Petrol ⛽️ on Flames 🔥
An Irish Warning : Sam Nolan reports his HSE “meals on wheels” service has been suspended. Friends and Comrades are rallying, Sam will be supported. Des Derwin reacts, very perceptively :
“I’m speechless. Just as an expanded service is needed. Have y’all noticed how the (Fine Gael!) state is building up its repressive apparatus for the crisis. Templemore early graduation trainees given crash course in public order (read riot control). New standing public order unit. (WTF?!) Scores of hired in Garda cars to ‘help the vulnerable’. Maybe the HSE is transferring the meals on wheels service to An Garda Siochana.”
Former SYRIZA Finance Minister Yanis Varoufakis Analyses the European Union Response :
Those of us who know how the Eurogroup works were not holding much hope yesterday. Nevertheless, Europe’s finance ministers managed to do even less than what we feared: They failed to use the fiscal compact’s proviso for loosening up fiscal policy across the euro area. They continued with the tragic error of treating a crisis of insolvency as a crisis of liquidity. And they failed to recognise that some countries, in particular those savaged by the never-ending euro crisis, need a great deal more support than others.
In short, the Eurogroup’s bazooka is no more than a pathetic waterpistol. It is time that Europeans pushed for something better than this. It is time that we organise at a transnational, paneuropean level to replace this instrument of austerity-driven recession, the Eurogroup, with an institution that can work for a majority of Europeans everywhere.
APPENDIX: The Eurogroup’s telling reference to “automatic stabilisers”
The Eurogroup communique referred to the “full use of automatic stabilisers”. What did they mean?
Here is an example of an ‘automatic stabiliser’: When people lose their job, they go on unemployment benefit. This means a transfer of money from the better off to the worse off. As the worse off, who are now unemployed, save nothing and, therefore, more of the money of the better off enters the markets. That’s what economists refer to as an ‘automatic stabiliser’ (‘automatic’ because no government decision was needed to activate it – the loss of jobs does it automatically | and ‘stabiliser’ because the higher portion of spending relative to savings boosts GDP ).
Can you see dear reader what the Eurogroup are really saying when confessing to relying to the ‘automatic stabilisers’ in the absence of concerted fiscal expansion? They are saying: Don’t worry folks. While it is true we, the finance ministers, are doing almost nothing to avert the disaster, when the disaster comes your job losses and poverty will trigger some automatic mechanism that will break the economy’s fall. A little like consoling the victims of the plague with their thought that their death will, through shrinking the labour supply, boost future wages…
Some Proposals for Resistance :
DiEM25’s answer to: What should they have done?
At the very least, the Eurogroup should have recommended to the European Council that the European Investment Bank is given the green light to issue EIB bonds worth €600 billion with the stipulation that, as part of its ongoing and recently enhanced quantitative easing program, the European Central Bank will support the value of these bonds in the bond markets. That €600 billion should be spent directly to support national health services and also be invested in sectors of the economy badly hit by the lockdown – while also nudging our economy toward greener forms of transport, energy generation etc. Additionally, the fiscal compact should be immediately side-lined and governments should effect a tax haircut for small and medium sized firms, households etc.
The above would probably be enough not to avert but to contain the recession to something like between -1% and -2% of GDP. To avert it completely, the Eurogroup should have decided to mimic Hong Kong and have the European Central Bank mint an emergency fund from which every European household is given between €1000 and €2000.
CoronaVirus 2020 – Great Hunger (Famine) 1840’s – Irish Connections, Evils of Laissez-Faire Capitalism
Joe Harrington Compares the CoronaVirus Crisis of 2020 with the Great Hunger (Famine) of Ireland in the 1840’s. Items needed by human beings for survival suddenly were unavailable, prices rocketed, and only the mega-rich could afford them. The Great Hunger killed millions of starving Irish people, millions of others emigrated. There is a connection – Laissez-Faire Capitalism. Resistance is Necessary.
When the potato failed during the mid to late 1840s there were other foodstuffs available. These were slightly out of reach of the hundreds of thousands of starving people but any chance of securing them went when the price of them increased by up to a factor of six. Only the extremely rich could afford the prices and hundreds of thousands died. We are all appalled today when we read of this but look at what is happening today with the less important sanitiser! The connection? Laissez-faire Capitalism – described as “an economic system in which transactions between private parties are absent of any form of government intervention such as regulation, privileges, imperialism, tariffs and subsidies”. Any regulations that exist have failed utterly to stop banks, vulture funds and financiers, billionaire developers and their cronies destroying lives, livelihoods, the health service and the homeless.
It is worth pointing out this, but it is also important to build community co-operation to beat the virus. We cannot depend on the 1% or their political representatives who have their eye and their interests elsewhere. If ordinary people are to build the movements that are needed to confront the rule of the super-rich we need to overcome the divisions the capitalist political and economic system has caused within our ranks. Our state does not promote co-operation as the way forward for society. Instead it promotes a dog-eat-dog culture and an everyone for themselves attitude. Even so, the thousands of people who are involved on a volunteer in their communities shown that co-operation is the default position of the human being.
This Virus problem provides with an opportunity to promote co-operation to a new level. Vicky Phelan spoke about this on the Clare Byrne Show the other night. While keeping them under pressure to put people before profit in dealing with this threat let us also go beyond the response of the state. We need to take community-based initiatives to keep the virus away from those in most danger from it. If we co-operate and look out each other in this crisis we will better realise the strengths we have when dealing with the capitalists attacks now and down the road.
Apart from this we need to keep in mind two conflicting ideas. We need to act as if we have the virus and don’t want to pass it on and at the same time we need to act as if we haven’t the virus and don’t want to get it. Not easy to do.
RISE Leaflet – We need a socialist government
RISE distributed a leaflet (link below) at a 1000 strong March 7 Dublin Demonstration. The last paragraphs advocates the creation of a new left party which is “open for different groups to organise within it”. This is extremely positive.
COVID-19 is a class issue
This useful article argues that the Irish Government needs to call off the March 17 St Patricks’s Festival in Ireland, where hundreds of thousands of people will gather together, and spread the CoronaVirus, which will bring down many people with CoVid-19 Illness.
The failure to take any of these measures could be disastrous. Not only would it leave our entire society vulnerable to the spread of infection due to working people having no choice but to work, but it would leave the most vulnerable in our society hanging out to dry whilst depriving us of an absolutely essential resource for fighting this crisis – healthy frontline medical staff. The price of putting profit above people is simply too high.
Change the system
It is a price that would, firstly, be a product of government inaction in order to protect the interests of the capitalist establishment it represents, but the ultimate cause would be the severe neglect and abuse of our health service, already stretched thin. In South Korea, where they have 12 beds per 1000 people, they are running short on beds due to the spread of the virus. Ireland has 3 beds per 1000 people – the numbers speak for themselves.
Now is the time to start taking the necessary action of establishing a single-tier universal healthcare service: where the most vulnerable in our society are taken care of, that is properly staffed and properly funded, with enough beds and free to access. In that process we need to take the private hospitals into public ownership.
The public health crisis is impacting the entire planet, and already we are seeing significant economic impacts starting in China and rippling outwards, potentially leading to a global economic crisis. The Eurozone, of which Ireland is a part, is already projected to enter into a very deep recession. It has been reported that upwards of 30-50% of the Irish population is likely to get sick (Sunday Business Post, 8 March 2020) and 40 to 70% of the global population within a year, which would be akin to a huge global general strike. Profits would massively fall, causing panic in the markets and likely capital flight.
In this case, we must stand utterly opposed to any and all job losses, pay cuts, or attacks on conditions which the establishment will attempt to impose on us in the aftermath of the crisis. If businesses claim that these are necessary measures, we must absolutely reject that logic. They must open the books, and if they are unable to continue operating then they should be taken into democratic public ownership.
The crisis created by COVID-19 is a symptom of a fundamentally sick capitalist system. If we want to head off the worst effects of the crisis and protect ourselves into the future, the system must go.
— Read on www.letusrise.ie/featured-articles/covid-19-is-a-class-issue
Coronavirus has sparked a perfect storm of nationalism and financial speculation – Yanis Varoufakis, Former SYRIZA Finance Minister in Greece – THE GUARDIAN
Here is a fresh warning about the toxic combination of two different phenomenons – the CoVid-19 Health Crisis and a Financial Money Markets Storm, similar to the 2008 Crash.
The author is Yanis Varoufakis, the Greek Finance Minister sacked from a SYRIZA Government before it surrendered to the Austerians.
When the air is replete with inflammable materials, any given spark can cause a financial explosion, at any time.
Éric Toussaint of CADTM examines a worldwide stock market collapse.
Eric Toussaint is a historian and political scientist who completed his Ph.D. at the universities of Paris VIII and Liège, is the international spokesperson of the CADTM (Committee for the Abolition of Illegitimate Debt) , and sits on the Scientific Council of ATTAC France.
He is the author of Debt System (2019), Bankocracy (2015); Glance in the Rear View Mirror. Neoliberal Ideology From its Origins to the Present, Haymarket books, Chicago; “Debt, the IMF, and the World Bank, Sixty Questions, Sixty Answers”, Monthly Review Press, New York, 2010. He has published extensively in this field. He is a member of the Fourth International leadership.
Nationalism and speculation have seldom had a better opportunity to combine forces as the one riding today on the coattails of Covid-19, known as the coronavirus. When Covid-19 leapfrogged from China to Italy, even ardent Europeanists normally appreciative of open borders joined the deafening calls to end freedom of movement across Europe’s national borders – a longstanding demand of nationalists. Meanwhile, the money men speculating on government debt are performing a classic flight from Italian to German government bonds, seeking the financial safety that only the continent’s hegemon can offer during any crisis. As if in a bid to remind us of the great contradiction of our times, Covid-19 is illuminating gloriously the freedom of money to transcend a borderless financial universe while humans remain as fenced in as ever.
Coronavirus has sparked a perfect storm of nationalism and financial speculation – THE GUARDIAN
https://www.yanisvaroufakis.eu/2020/03/09/coronavirus-has-sparked-a-perfect-storm-of-nationalism-and-financial-speculation-the-guardian/
— Read on www.yanisvaroufakis.eu/2020/03/09/coronavirus-has-sparked-a-perfect-storm-of-nationalism-and-financial-speculation-the-guardian/
The Virus – Apocalypse Now?
This is a very gloomy CoronaVirus Warning – and it is credible.
The Monster Is Bursting Through Our Door
Pentecostal Christians – and probably many others – believe that at ‘the end of days’, which precedes the Second Coming of Christ, the Four Horsemen of the Apocalypse will ride out.
The Four Horsemen are generally interpreted as being pestilence, death, famine, and war. If Pentecostals are thinking logically (as if) they should be expecting to see the Lamb of God some time soon.
In the wake of wars that have killed more than 500,000 since 2001 and an accelerating environmental crisis dramatised by the Australian firestorms, the current Covid-19 outstrips dystopian science fiction stories like Outbreak. What American Marxist author Mike Davis described as ‘The Monster at Our Door’ has, in a rather different form, burst through the door. Read the rest of this entry »
Fianna Fáil’s O’Callaghan supports national govt idea – Family Squabbles on the Right Wing of the Irish Political Establishment Nearing a Conclusion.
For nearly 100 years, since the foundation of the partitioned Irish State in 1921, Governmental Power has alternated between the dominant Fianna Fáil Party and its junior sibling Fine Gael – Tweedledum Versus Tweedledee. The February 8 2020 General Election Result ended this sham – FFFG between them secured 72 seats, well short of the required 80 seat majority. Until now a FFFG plus GG (Gombeens and Greens) Coalition Government looked likely as the third Irish Civil War party, Sinn Féin, was rejected by FFFG – considered to be too left-wing, especially by FF.
Now, a leading FF TD, Jim O’Callaghan, has changed the tune – we might see a SFFFFG Coalition.
Fianna Fáil TD Jim O’Callaghan has said that Fianna Fáil may have been too definitive in ruling out a government with Sinn Féin and said he would “go along” with the idea of a national government to deal with the coronavirus.
Fine Gael TD Martin Heydon insisted a functioning government was in place and that there were daily meetings of the emergency committee dealing with coronavirus.
He said the Taoiseach would have no issue in talking to other leaders and there was already full dialogue between the Minister for Health and other health spokespeople.
— Read on www.rte.ie/news/politics/2020/0308/1120949-government-formation/
‘Do the right thing’ – Vicky Phelan joins in call for St Patrick’s Day cancellation – Covid-19 Cases in Ireland Continue to Rise
Vicky Phelan has added her voice to those calling on the Government to re-think their move not to cancel St Patrick’s Day celebrations as the number of coronavirus cases here continues to rise.
The cancer awareness advocate, and previous marshall of a St Patrick’s Day parade, believes “human lives are at risk” by not cancelling the national celebrations on March 17.
Ms Phelan, who is living with terminal cancer and who is known for lifting the lid on the cervical cancer scandal, has already cancelled many of her public appearances due to the coronavirus outbreak here.
The Kilkenny native who now lives in Limerick said: “I am supporting our doctors and epidemiologists, like Professors John Crown and Sam McConkey and others who have called on the government to to postpone the St Patrick’s Day parade now. Not in a week’s time, or two days beforehand. Do the right thing now.
— Read on www.irishexaminer.com/breakingnews/ireland/do-the-right-thing–vicky-phelan-joins-in-call-for-st-patricks-day-cancellation-986492.html
Tomás Ó Flatharta 