This obscenity is unacceptable

By now we all know that the rich get richer under capitalism? But many are astounded a the incredible pace this takes place.

This week it was reported that young Aussie billionaire James Packer celebrated a 560% increase in his casino investment in Macau. Great reward for making totally unproductive, indeed socially and morally destructive, investments.

Then there was the incredible account of how the $75 million in mining assets Gina Rinehart inherited in 1992 from her mining moghul father, Lang Hancock, has multiplied into $17-20 billion in just 20 years making her wealthiest woman in Asia, according to Forbes. She’s on the path to becoming the richest woman in the world after her wealth doubled through a single deal.

Meanwhile on the other side of the global tracks, Greek pensioners, already struggling to get by with a pittance, will have their pensions cut by 20% under the terms of austerity deal agreed to by a Greek government appointed by the world’s bankers. Workers will be forced to take a 22-23% pay cut. And in return, the world’s bankers will increase Greece’s debt (and in the process protect bad and corrupt unpayable loans made by those same bankers).

Greece is being fleeced and sent to hell to years to come to save the system that makes the rich even more obscenely rich.

Our moral stance can only be to reject this as obscene and unacceptable. Green Left Weekly gives full solidarity to the Greek workers, pensioners and students who are continuing to fight this austerity to bail out a sick and corrupt world capitalist system.

If you agree with us, please support this independent media project by donating online today to the Green Left fighting fund. Direct deposits can be made to Greenleft, Commonwealth Bank, BSB 062-006, Account No. 00901992. Otherwise, you can send a cheque or money order to PO Box 515, Broadway NSW 2007 or donate on the toll-free line at 1800 634 206 (within Australia).

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: