Economy

Archive for the ‘Economy’ Category

Economy, Environment

Responding to the admission by Minister Hogan that domestic water meter installation would proceed albeit wouldn’t be completed by 2014 Socialist Party/ULA Environment spokesperson Clare Daly TD said:

“The Oireachtas Environment committee heard comprehensive arguments as to why water metering will contribute very little to water conservation compared to other necessary measures such as fixing leaks in the mains.

“Figures are also available and were presented to the committee demonstrating that average domestic water consumption in Ireland does not differ from Britain where meters have been installed for some years as part of the privatisation process began under Thatcher.

“It is clear therefore that the real agenda behind domestic metering, despite Minister Hogan’s denial is one of turning water into a commodity that ultimately, as is the case in England and Wales make obscene profits.

“That the government is willing to front hundreds of millions of euro on to private manufacturers of meters and private contractors and then load that cost onto householders is an abuse plain and simple.

“Opposition to the metering process will be a key aspect of the Campaign Against Household and Water Taxes.”

Economy

Single state banking system allied to other radical job creation policies the only way to prevent jobs massacre in the financial sector

A fighting lead from the IBOA is an absolute must – no job losses should be accepted – a fundamental challenge to the logic of mass redundancies in the financial sector is needed

Responding to the announcement of massive job cuts in Ulster Bank today Clare Daly TD said:

“The speculation that the corporate division of the bank is where the axe will fall heaviest is yet more proof that the austerity policies combined with the inability of small businesses to access credit are destroying jobs.

“I support the demand of the IBOA that the companies books be opened so that the workers side can scrutinise the claims of the company. No job losses or attacks on conditions should be conceded by the IBOA leadership. A fighting response is what is needed.

“Ordinary bank workers in Ulster Bank, like workers in Aviva and other financial and insurance institutions are innocent victims of the crisis for which their bosses, governments past and present and speculators are responsible.

“It is clear that a privately owned financial institutions and the essentially privately run in the case of the bailed out banks are not fit for purpose when it comes to providing credit for small businesses and protecting jobs.

“The Socialist Party calls for the real nationalisation of the financial sector and the creation of a single state bank whose purpose is the safeguard deposits and provide credit to productive enterprises. Such a bank should be shorn of any speculator debt and be run democratically under workers control and management.

“Such a policy only makes sense if all the other austerity measures are ended and a programme of emergency public works funded through a wealth and assets tax puts thousands back to work and rebuilds economic life.

“Anything short of these policies means an ongoing acceptance of the jobs massacre. The time has come for the trade union movement to challenge the logic of mass redundancies in the financial and other sectors and back a radical alternative to protect and create jobs.”

Economy

The Bill before us is relatively straightforward. Its purpose is to ratify changes to the IMF articles of agreement. However, we must first step back and examine the role of the IMF. It is clear that the IMF is not a neutral international economic advisory committee. The allocation of quotas and voting rights in the IMF, far from being about democracy, are structured in a manner to preserve a totally unjust economic system and to prevent any attempt by the majority of the world’s population to share in the wealth they create and to end poverty and hunger.

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Economy

All Labour Party Deputies started their remarks by telling us about the deplorable state of the economy, but its condition was common knowledge when they contested the election and promised to be the guardians of people’s welfare against that backdrop. Over the past few days, all of us have received letters from Barnardos, the Society of St. Vincent de Paul, Social Justice Ireland and others that are hardly the most radical campaigners or mad lunatics begging and pleading with this Government to call a halt to the butchery it has engaged in and to reverse some of the decisions it plans to ram through. If this process is to be meaningful, the Government should take heed. The expression “protecting the vulnerable” has been the most misused phrase in vogue over the past number of days. In reality, it is code for kicking the living daylights out of those at the bottom of society. It is nothing more than nauseating hypocrisy from the Labour Party, in particular, when people had such hope that it would offer something different. In fairness to Vincent Browne, as he spent the week saying, one would be hard-pressed to find a single vulnerable person or group who this Government has not targeted. The Government has gone after every one of them and if that is what protecting the vulnerable means, it is a severe misuse of language.

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