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Showing posts with label wealthy. Show all posts
Showing posts with label wealthy. Show all posts

Saturday 28 March 2020

Why India’s wealthy happily donate to god and govt but loathe helping needy and poor

Be it Amitabh Bachchan or Virat Kohli, India’s rich and famous are quick to lecture or follow PM Modi’s diktat. But selfless charity is missing among most Indians writes KAVEREE BAMZAI in The Print


Migrant workers in Delhi trying to get back to Uttar Pradesh amid the nationwide Covid-19 lockdown | Photo by Suraj Singh Bisht | ThePrint


The modern world is facing its worst crisis in coronavirus pandemic and what are Indian celebrities doing? Well, many clapped and banged pots and pans on 22 March at 5 pm following  Prime Minister Narendra Modi’s call, and filmed themselves while doing so. Others are showing us how to do dishes and clean the home, participating in mock celebrity bartan-jhadu-poncha (BJP) challenges. The rest of the world is trying to help find a cure for the deadly virus or providing monetary assistance to the poor or arranging equipment for medical workers, underlining yet again the generosity gap between other countries’ and India’s elite.

Tennis star Roger Federer donates $1.02 million to support the most vulnerable families in Switzerland during the coronavirus crisis; India’s former cricket captain Sourav Ganguly gives away Rs 50 lakh worth of rice in collaboration with the West Bengal-based company Lal Baba Rice, in what is clearly a sponsored, mutual brand-building exercise. Chinese billionaire Jack Ma donates one million face masks and 500,000 coronavirus testing kits to the United States, and pledged similar support for European and African countries; Amitabh Bachchan uses social media to spread half-baked information — such as ‘flies spread coronavirus’ — and wonders if the clanging of pots, pans and thalis defeats the potency of the virus because it was Amavasya on 22 March (he later deleted the tweet).

Hollywood’s golden couple Blake Lively and Ryan Reynolds announce they will donate $1 million to Feeding America and Food Banks Canada that work for low-income families and the elderly; while Indian cricket and Bollywood’s beautiful match Virat Kohli and Anushka Sharma get into familiar lecture mode, asking everyone to “stay home and stay safe”. This follows Anushka Sharma’s earlier run-in with a ‘luxury car’ passenger where she ticked him off for violating PM Modi’s diktat of Swachh Bharat. 



Where the rich are charitably poor

What makes rich and famous Indians so quick to lecture, especially on issues in congruence with government initiatives, but so loathe to help the poor desperately in need? The 2010 Giving Pledge by Warren Buffet and Bill Gates, to which five wealthy Indians are signatories, was meant to give a gigantic push to philanthropy worldwide. This was followed by India’s then minister of corporate affairs Sachin Pilot making it legally mandatory for companies to put aside charity funds for Corporate Social Responsibility (CSR) projects, making India the first country in the world to pass such a legislation. This year, an attempt to criminalise non-compliance was eventually softened after an uproar from corporates.

Philanthropy is up. According to Bain and Company’s annual Philanthropy Report 2020, domestic philanthropic funding has rapidly grown from approximately Rs 12,500 crore in 2010 to approximately Rs 55,000 crore in 2018. Contributions by individual philanthropists have also recorded strong growth in the past decade. In 2010, individual contributions accounted for 26 per cent of private funding, and as of 2018, individuals contribute about 60 per cent of the total private funding in India, estimated at approximately Rs 43,000 crore.

But in a prophetic warning, the report underscored the need for philanthropy ”to now consciously focus on India’s most vulnerable” and called for targeted action for the large population caught in a vicious cycle of vulnerability — precisely those worst hit by the coronavirus pandemic.

“The disadvantaged,” it said, “are unable to adapt to unpredictable situations that can push them deeper into vulnerability, such as climate change, economic risks and socio-political threats.” Even Azim Premji, who recently made news by committing 34 per cent of his company’s shares — worth $7.5 billion or Rs 52,750 crore — to his continuing cause, the public schooling system in India, has not set aside anything specific for those affected by the coronavirus. India’s second-richest man was the first Indian to sign The Giving Pledge.

Vaishali Nigam Sinha, Chief Sustainability Officer at Renew Power, started charity a few years ago to promote giving. Her experience has been less than happy. Indians, she finds, have refrained from planned giving for broader societal transformation. “Giving is individualistic and not driven via networks, which can be quite effective as we have seen in other parts of the world like the Bill and Melinda Gates Foundation. And in India, giving is usually done to get something back – to god for prosperity, to religious affiliations for advocacy of these platforms, and to government for business returns. Wealthy Indians need to learn to give in a planned way for greater social impact and transformation,” she says.

Little surprise then that India was ranked 124 in World Giving Index 2018 — and placed 82 in the 10th edition of the index compiled by Charities Aid Foundation looking at the data for 128 countries over the 10-year period. 


All of us are in the same boat

But it’s not about celebrities or wealthy Indians alone. We are all in it together. Special planes are sent to bring back Indians stuck abroad due to the pandemic, but labourers and daily wage workers are left to walk hundreds of kilometres to reach their villages. Doctors treating coronavirus patients will be applauded but not allowed to enter their homes.

JNU sociologist Maitrayee Chaudhuri calls it a potent mix of selfishness, self care and entitlement. ”We have a complete disregard for people on the margins and on whose labour we sit. It is all about us and our safety,” she says. This communal selfishness is very different from the churning in the 19th and early 20th century, which led to enormous social reform movements. The slow and meticulous destruction of ‘secularism’, ‘socialism’ and ‘liberalism’ has helped. As has the rise of neoliberal ‘individual self centredness’. “Not to talk about smartphone dumbness,” she adds. There is an absence of empathy everywhere, filled instead with the noise of thalis being banged and bells being rung to show symbolic gratitude to those who serve us.

The examples of those who are giving are few and far in between. There is comedian Kapil Sharma, who is giving Rs 50 lakh to the Prime Minister’s Relief Fund and southern superstars Pawan Kalyan, Ram Charan and Rajinikanth. But in general, our stars have chosen to share very little. Former cricket captain M.S. Dhoni, for instance, has been reported to have donated Rs 1 lakh to a charity trust in Pune, which led to some criticism and a counter from his wife Sakshi, even though it wasn’t immediately clear which incident she was alluding to.

India Inc hasn’t fared much better either. When PM Modi asked everyone to show their support for health workers fighting coronavirus by applauding them, one of the country’s most proactive industrialists was among the first to tweet his support, and also one of the first to be trolled for it. He quickly responded by offering to manufacture ventilators, among other things. Reliance is reportedly donating a hospital for coronavirus patients, weeks after Isha Ambani had hosted a Holi party on 7 March — when the number of coronavirus cases had rapidly begun to rise. Her mother, after all, is the queen of giving, contributing to an array of eclectic causes, and has been honoured for it by getting elected to the board of New York’s Metropolitan Museum of Art in 2019 or by becoming the first Indian woman in 2016 to be elected to the International Olympic Committee for supporting the sporting dreams of seven million Indian children.

But for India’s corporate class, it took a nudge from the Principal Scientific Adviser K. Vijay Raghavan to remind them that healthcare and preventive healthcare are covered under Schedule VII of the Companies Act: “Hence supporting any project or programme for preventing or controlling or managing COVID19 is legitimate CSR (CSR) expenditure.” He also quickly got an office memorandum issued by the Ministry of Corporate Affairs a day later. 


Elites’ capitalist worldview

Is there a kindness deficit in India’s business elite as well, which mirrors the lack of empathy of the country’s middle class? Business writer and bestselling author Tamal Bandyopadhyay says there are exceptions but culturally, the Indian business community is not exactly fond of opening up its purse on its own unless there is a compulsion. “Even when the companies are compelled, they find ways to evade it. We all know how many of them handle their CSR activities through creation of trusts. When it comes to buying electoral bonds, the story is different.

“Similarly, some of them get excited and rush to do certain things to express solidarity with the government in power. For instance, when the push is on digitalisation, there are takers for adopting towns for digitalisation in constituencies which matter. Essentially, most of them don’t believe in doing things no strings attached. Of course, there are people who believe in doing things quietly but they are exceptions,” he says.

In Western nations such as the US, philanthropy has deeper roots, with the practice essentially starting through donations to religious organisations. By the late 19th century, there was a rise of secular philanthropists such as Andrew Carnegie and John D. Rockefeller, which Stanford professor Rob Reich has noted as being controversial and one way of cleansing one’s hands of the dirty money.

In his book Just Giving: Why Philanthropy is Failing Democracy and How It Can Do Better (2018), he has noted: “Big Philanthropy is definitionally a plutocratic voice in our democracy, an exercise of power by the wealthy that is unaccountable, non-transparent, donor-directed, perpetual, and tax-subsidised.”

A similar critique has come from Anand Giridharadas, whose Winners Take All: The Elite Charade of Changing the World makes the argument that the global financial elite has reinterpreted Andrew Carnegie’s view that it’s good for society for capitalists to give something back to create a new formula: It’s good for business to do so when the time is right, but not otherwise. According to Reich, philanthropy works when it is able to find a gap between what governments do and what the market wants.

Few people exemplify this better than Bill Gates, who has for long donated to the cause of global healthcare. The Bill and Melinda Gates Foundation has already contributed $100 million to contain the virus, which he declared a pandemic even before the World Health Organisation did. The Foundation’s newsletter The Optimist is also performing a key role in spreading critical information about the Covid-19 pandemic and dispelling myths. 


Indian philanthropy isn’t secular

In India, the twain of religious giving and secular funding has not met. Management expert Nirmalya Kumar calls it a sensitive subject and says it is related to the philosophical concept underlying Indian religions such as Hinduism, Buddhism and Sikhism that believe in reincarnation. “Our soul starts life again in a different physical form based on the karma of previous lives. As such, as has been sometimes articulated to me, the lack of charity is an unwillingness to interfere with the consequences that God has determined appropriate. Who am I to come in between the person and their God?”

But the Rashtriya Swayamsevak Sangh (RSS) is traditionally known for engaging in social seva (not just swayam seva , or self service), evidenced by the Bharatiya Janata Party (BJP)’s decision to feed five crore people during the 21-day lockdown. Sikhism has a well-developed tradition of Guru ka langar, and it was on full display at Shaheen Bagh when ordinary Sikhs served food to people protesting against the Citizenship Amendment Act (CAA) and the National Register of Citizens (NRC).

Some business families also do philanthropic work, among them the Nilekanis, the Murtys and the older Bharatrams (their founder Lala Shri Ram founded Delhi Cloth Mills and set up several educational institutes like Shri Ram College of Commerce and Lady Shri Ram College). Radhika Bharatram, joint vice chairperson, The Shri Ram Schools, recalls growing up in a middle class, progressive home where her sister and she were encouraged to volunteer at the Cheshire Home and Mother Teresa Home. Marriage, she says, brought her into a home where making contributions to society was in the family’s DNA and she is now involved as a volunteer with organisations such as Delhi Crafts Council, Blind Relief Association, SRF Foundation, the CII Foundation Woman Exemplar Programme, and Cancer Awareness Prevention and Early Detection. What drives her is empathy: When “you come from a position of privilege, there is joy in making a difference to someone else’s life”. She says it motivates her when the purpose is greater than the individual.

Unfortunately, the middle class and the elites have tended to keep self interest above public interest. In the new world after the coronavirus pandemic, this is one attitude it must change.

Friday 26 April 2019

Why Sri Lanka attackers' wealthy backgrounds shouldn't surprise us

Recent history shows that people with comfortable lives can easily be drawn towards violent extremism writes Jason Burke in The Guardian

 
Security forces at the Colombo home of the spice exporter Mohamed Yusuf Ibrahim, whose sons were among the Easter Sunday attackers. Photograph: MA Pushpa Kumara/EPA


When police and soldiers in Sri Lanka set out on the trail of the attackers who killed more than 350 people in a series of bombings on Easter Sunday, they did not expect to find themselves in Dematagoda, one of the wealthiest neighbourhoods in Colombo.

Within 90 minutes of the attack, as hospitals struggled to cope with the huge number of casualties, the security forces were closing in on a three-storey house with a BMW parked outside.

Two brothers lived there with their families: 38-year-old Inshaf Ibrahim, a copper factory owner, and Ilham, 36. Their father, Mohamed Yusuf Ibrahim, one of the most successful businesspeople in the island nation’s Muslim community, made a fortune exporting spices. The two brothers were also involved in the jewellery trade. They were both among the attackers.

When police moved in, there was another blast. It is unclear whether the top floors were wired with explosives or if the elder brother’s wife, Fatima, had set them off. The couple’s three children were instantly killed.

On Thursday, police confirmed that Mohamed Yusuf Ibrahim had been detained.

“They seemed like good people,” a neighbour told reporters from her rundown home opposite the Ibrahim family residence in the capital. 

In an interview with CNN, Sri Lanka’s prime minister, Ranil Wickremesinghe, said the suspected bombers were upper and middle class, and were well educated abroad, a profile he described as “surprising.”

His surprise was widely shared. In the Sri Lanka, the wider region and beyond, many still find it very difficult to understand how those with comfortable lives can be drawn into extremism, and kill themselves and hundreds of innocent people.

The question has been asked many times before. In Europe, it became an issue in the 1970s when relatively well-off young men and women in Germany, Japan, Italy or the US began to engage in violent activism. With the spread of suicide tactics in the 1980s and early 1990s, it seemed more perplexing than ever.

Then came a new wave of Islamic militancy, with attacks of unprecedented lethality. None of the men who flew planes into the World Trade Center in New York in 2001 faced economic hardship. The leader of their organisation, Osama bin Laden, was the son of a construction tycoon.

One of the Easter Sunday bombers attended Kingston University in south-west London from 2006-07, where he studied aeronautical engineering, and then went on to study in Australia. From a wealthy tea trading family based near the central city of Kandy, he had attended top international schools – as had other bombers, it appears.

There are many examples of terrorists with good educational qualifications among Islamic militants. The current leader of al-Qaida, Ayman al-Zawahiri, is a qualified paediatrician, while two-thirds of the 9/11 attackers had degrees. One plot in Britain in 2007 was almost entirely composed by highly qualified medical personnel. 

A group of Bangladeshis linked to Islamic State that attacked a bakery favoured by westerners in Dhaka in 2016, killing 20 hostages, share a similar profile to the Sri Lankan bombers. Almost all were from wealthy, highly educated backgrounds.

Isis has claimed Sunday’s bombings – its most lethal attack since its emergence five years ago. The group’s leadership has a rather different composition. Many are religious clerics, or former Ba’ath party officials. But many of the volunteers who travelled to Syria and Iraq from countries such as Egypt or Tunisia were from comfortable backgrounds, too, as were many who travelled from the UK.




Sri Lanka attacks: police hunting 140 Isis suspects, says president


However, on close inspection, many of the terrorists who went to university never finished their degrees. Others earned qualifications from institutions with dubious or limited academic credibility; many British extremists fall into this category.

Mohammed Zahran Hashim, the rural Sri Lankan preacher who is thought to have been the leader of the Easter bombing attackers and was in touch with Isis overseas, had limited wealth and only a rudimentary religious education.

Both al-Qaida and Isis have attracted large numbers of foot soldiers from backgrounds that are marginal in diverse ways. This is true in the Middle East and south Asia, where minor tribal leaders, out of work craftsmen, smugglers, former militia members, minor government officials, and poor farmers’ children sent to free religious schools have all been drawn to Islamic militant ideologies.

In Europe, many of the men who carried out recent terrorist attacks in France and Belgium were petty criminals, living on the economic margins.

Taken together, this teaches us that neither education nor economics can help explain any one individual’s violent activism. The literature on radicalisation that has been produced since 2001 has yet to pinpoint a cause, and few experts think there might be one.

Instead there are many factors that are seen as creating a risk of radicalisation. When they combine, the risk becomes a clear and present danger. Terrorism, abhorrent though it may be, is a social activity. Ideas spread and are reinforced among peers, married couples, old school friends and families. These ideas are simple. They explain complex events, identities and histories through a rudimentary and binary narrative. Neither education nor wealth is proof against them, and nor is poverty or ignorance.

Tuesday 15 October 2013

From Obamacare to trade, superversion not subversion is the new and very real threat to the state


Rightwing politicians and their press use talk of patriotism to disguise where their true loyalty lies: the wealthy elite
Daily Mail editor-in-chief Paul Dacre
Daily Mail editor Paul Dacre. 'Strangely, this suspicion of the state and the People Who Know Best does not appear to extend to the security services, whose assault on our ­freedoms Dacre was defending'. Photograph: Suzanne Plunkett/Reuters
Subversion ain't what it used to be. Today it scarcely figures as a significant force. Nation states are threatened by something else.  Superversion: an attack from above.
It takes several forms. One is familiar, but greatly enhanced by new technology: the tendency of spooks and politicians to use the instruments of state to amplify undemocratic powers. We've now learnt that even members of the cabinet and the National Security Council had no idea what GCHQ was up to. No one told them that it was developing the capacity to watch, if it chooses, everything we do online. The real enemies of state (if by state we mean the compact between citizens and those they elect) are people like the head of MI5, and the home secretary, who seem to have failed to inform cabinet colleagues about these programmes.
Allied to the old abuses is a newer kind of superversion: the attempts by billionaires and their lieutenants to destroy the functions of the state. Note the current shutdown – and the debt-ceiling confrontation scheduled for Thursday – in the United States. The Republicans, propelled by a Tea Party movement created by the Koch brothers and financed by a gruesome collection of multimillionaires, have engineered what in other circumstances would be called a general strike. The difference is that the withdrawal of their labour has been imposed on the workers.
The narrow purpose of the strike is to prevent the distribution of wealth to poorer people, through the Affordable Care Act. The wider purpose (aside from a refusal to accept the legitimacy of a black president) is to topple the state as an effective instrument of taxation, regulation and social protection. The Koch shock troops in the Republican party seem prepared to inflict almost any damage in pursuit of this insurgency, including – if they hold out on Thursday – a US government default, which could trigger a new global financial crisis.
They do so on behalf of a class which has, in effect, seceded. It floats free of tax and the usual bonds of citizenship, jetting from one jurisdiction to another as it seeks the most favourable havens for its wealth. It removes itself so thoroughly from the life of the nation that it scarcely uses even the roads. Yet, through privatisation and outsourcing, it is capturing the public services on which the rest of us depend.
Using an unreformed political funding system to devastating effect, this superversive class demands that the state stop regulating, stop protecting, stop intervening. When this abandonment causes financial crisis, the remaining taxpayers are forced to bail out the authors of the disaster, who then stash their bonuses offshore.
One result is that those who call themselves conservatives and patriots appear to be deeply confused about what they are defending. In his article last week attacking the Guardian for revealing GCHQ's secret surveillance programmes, Paul Dacre, the editor of the Daily Mail, characterised his readers as possessing an "over-riding suspicion of the state and the People Who Know Best". Strangely, this suspicion of the state and the People Who Know Best does not appear to extend to the security services, whose assault on our freedoms Dacre was defending.
To the rightwing press and the Conservative party, patriotism means standing up to the European Union. But it also means capitulating to the United States. It's an obvious and glaring contradiction, which is almost never acknowledged, let alone explained. In reality the EU and the US have become proxies for something which transcends national boundaries. The EU stands for state control and regulation while the US represents deregulation and atomisation.
In truth, this distinction is outdated, as the handful of people who have heard of the Transatlantic Trade and Investment Partnership (TTIP) will appreciate. The European commission calls it "the biggest trade deal in the world". Its purpose is to create a single transatlantic market, in which all regulatory differences between the US and the EU are gradually removed.
It has been negotiated largely in secret. This time, they're not just trying to bring down international trade barriers, but, as the commission boasts, "to tackle barriers behind the customs border – such as differences in technical regulations, standards and approval procedures". In other words, our own laws, affecting our own people.
A document published last year by two huge industrial lobby groups – the US Chamber of Commerce and BusinessEurope – explains the partnership's aims. It will have a "proactive requirement", directing governments to change their laws. The partnership should "put stakeholders at the table with regulators to essentially co-write regulation". Stakeholder is a euphemism for corporation.
They want it; they're getting it. New intellectual property laws that they have long demanded, but which sovereign governments have so far resisted – not least because of the mass mobilisation against the Stop Online Piracy Act and Protect IP Act in the US – are back on the table, but this time largely inaccessible to public protest.
So are data protection, public procurement and financial services. You think that getting your own government to regulate bankers is hard enough? Try appealing to a transnational agreement brokered by corporations and justified by the deemed consent of citizens who have been neither informed nor consulted.
This deal is a direct assault on sovereignty and democracy. So where are the Daily Mail and the Telegraph and the other papers which have campaigned so hard against all transfers of power to the European Union? Where are the Conservative MPs who have fought for an EU referendum? Eerie silence descends. They do not oppose the TTIP because their allegiance lies not with the nation but with the offshored corporate elite.
These fake patriots proclaim a love for their country, while ensuring that there is nothing left to love. They are loyal to the pageantry – the flags, the coinage, the military parades – but intensely disloyal to the nation these symbols are supposed to represent. The greater the dissonance becomes, the louder the national anthem plays.

Friday 25 May 2012

If socialists really did run the show, working people would benefit


 Rather than having to engage in debate, an opponent can be dismissed as extremist

 Owen Jones in The Independent



Having just moved to north London, I was perturbed to be woken on Tuesday morning by a whirring sound in the distance. When I glanced at the Telegraph's front page later that day – which revealed that multi-millionaire Tory donor Adrian Beecroft had accused Vince Cable of being a socialist – I realised it must have been Karl Marx spinning violently in his Highgate Cemetery grave. The great man shouldn't take it to heart: Beecroft strikes me as the sort of bloke who would accuse opponents of privatising the first-born for being a bit "pinko".


Beecroft's smear on the good name of socialism was triggered by Cable's description of his proposals to shred Britain's remaining workers' rights (not least by allowing bosses to fire at will) as "bonkers". Given the contents of Beecroft's report for the Conservative Party, the certifiably non-socialist Lib Dem was being rather mild-mannered.

We are in the most protracted economic crisis since the late 19th century because of a financial collapse and the Government's decision to suck demand out of the economy, and yet our economic elite still attempts to scapegoat people's rights in the workplace. I doubt that the Confederation of British Industry – fervent supporters of Beecroft's plans – believes it for a second, of course: they are merely class warriors attempting to exploit a crisis to push policies that would otherwise be politically impossible.

But it does demonstrate how "socialist" is regarded as the ultimate insult by much of our wealthy elite, who have been in a virtually uninterrupted triumphalist mood since Margaret Thatcher defeated their political opponents in the 1980s. Similarly, an increasingly hot-tempered David Cameron routinely slams Ed Miliband for being "left-wing" at Prime Minister's Questions; it was once fashionable for the media to label the Labour leader "Red Ed". It is much like the term "liberal" in the United States: in the 1950s, even Republican President Dwight D. Eisenhower described himself as such, as did huge numbers of American voters. Liberal US scholar Lionel Trilling once felt able to dismiss conservatism as "irritable mental gestures". But now "liberal" is largely hurled as a term of abuse in US political debate, with few mainstream politicians willing to associate themselves with the label.

Socialism used to be a term the Labour Party was more than happy to champion. In its historic 1945 manifesto, Labour announced that it was "a Socialist Party, and proud of it", with the ultimate objective of establishing a "Socialist Commonwealth of Great Britain". But the word hasn't made an appearance in a Labour Manifesto since 1987. Curiously, Tony Blair repeatedly spoke about socialism in his early days as Labour leader but, given that no one really believed he was a socialist, it was more a case of "the lady doth protest too much". For Blair and his adherents, if there was a rare, sentimental need to dust off "socialism", it was to mean nothing more than platitudes no decent person would disagree with, like "community" and "fairness".

The reason "socialism" came to be seen as a swear word was twofold. First, Thatcher made it abundantly clear that she was at war with what she regarded as socialism. In her memoirs, she described post-war Britain as a "socialist ratchet" and, reflecting on the 1983 general election, she argued that "socialism was still built into the institutions and mentality of Britain". In her mission to "create a wholly new attitude of mind", as she put it soon after her first election victory, she appeared to crush "socialism" into the dust.

In what was fortunate timing for Thatcher's acolytes, the Soviet empire began disintegrating as her project reached its climax. Although almost all socialists abhorred Stalinist totalitarianism (by the 1980s, at least), these were regimes that described themselves as "actually existing socialism". Their collapse was portrayed as the final discrediting of socialism, and the ultimate vindication of capitalism.

Beecroft's use of "socialism", then, relates to a theory called the "Overton window", which describes what is seen as politically acceptable at a given time. Rather than having to engage in a debate over the merits of bosses being able to dismiss their workers at will, an opponent can be dismissed as a "socialist", which – for Beecroft – is code for "extremist" or "someone with views outside of what is politically acceptable".

The irony of it all is that socialism, of a sort, is actually flourishing in Britain – for wealthy people like Beecroft. The taxpayer bailed out the banks that caused the crisis, allowing them to carry on much as before, courtesy of public money. Private companies such as "welfare-to-work" business A4e leech off the state, as do private contractors throughout our public services. Indeed, our NHS is set to become an even more lucrative opportunity (at taxpayers' expense) for private health care firms like Care UK than it was under New Labour.

The taxpayer splashes out three times more subsidies on private train companies than they did on publicly owned British Rail. Private landlords get away with charging extortionate rents, knowing that the state will pay billions subsidising them through housing benefit. Wealthy individuals enjoy tax relief on their pensions worth billions. Socialism for the rich is thriving while, for everybody else, it is capitalism red in tooth and claw.

If socialists really were running the show in Britain, they would be building a society run by, and in the interests of, working people. Our banks – propped by the British people – would be taken under genuine democratic control, forcing them to operate in the interests of society as a whole. Our booming wealthy elite would be forced to pay a fair share of tax (or, in some cases, any tax whatsoever). After the disastrous failures of market economics, real socialists would be taking our utilities – such as the railways and rip-off energy companies – into social ownership: not old-style, statist nationalisation, but democratically run by workers and consumers. They would bring down welfare spending, not by kicking people at the bottom, but by building social housing, introducing a living wage, and creating jobs. And they would be reversing the scandalous lack of rights that workers have in the workplace, which is what ensured that wages were declining for many before the crash had even happened.

Instead, we have a government (of which Vince Cable is a pillar) ruthlessly forcing working people to pay the immense cost of getting capitalism out of its mess. Beecroft may feel frustrated that it is not politically possible to adopt his attacks on workers' rights wholesale, but he can rest assured that this is a government that stands for people like him – and those pesky socialists could not be any further away from the corridors of power.