Capitalism works very well for capitalists, especially the larger variety; but it doesn’t work for workers. Thatcher’s ‘Trickle Down Theory’ remains just that, a discredited theory which hasn’t worked for the last 35 years of neo-liberalism. It was always a lie and we all know what is supposed to happen if you tell the same lie long enough. Her mission was to destroy working class organisation and she largely succeeded.
Poverty is current not only in the unemployed but those labelled as ‘working poor’. In 5 years the number of workers reliant on housing benefit has doubled. In 2009-10 the cost was £2.2 billion, now it is £4.6 billion. It is expected to be £6 billion in 2018-19. The number of claimants was 478,000 in 2009-10 and by 2018-19 it could be 1,238,000. Government uses poverty as a weapon against us whether we are in insecure jobs or out of them.
So where are our unions? The membership has become demoralised, and too many of us have accepted another government lie about preserving jobs by not fighting for proper wages through collective bargaining. In the meantime most of the leadership of unions seems enslaved to the Labour Party in the vain hope that things might change with the election Labour next May.
All 3 parties adhere to the demands of international capital, which means the continued destruction of wages and cyclical unemployment. Only workers themselves exercising power can end this vicious cycle. There is no alternative.