The Daily Telegraph on Friday 8th November 2013 carried a report that told us that the government is proposing measures to remove the legal protections that give a legal right to index linked final salary pensions for workers in the private sector. In other words, they will remove the right for a pension to move in accordance with inflation. The report noted that, in the course of a 15 year retirement, a person's pension could lose one-third of its value. In other words, once you retire, you will become increasingly impoverished. However, another two proposals are that employers will be given the right to delay a person's retirement in order to save money, and that the government proposes to cancel survivors rights, in other words they will stop any payments to widows and widowers.
The brutality and callousness of our Westminster political class knows no bounds and knows neither shame nor common decency. I have consistently warned you about the war Westminster is waging against ordinary working people, and war is not too strong a word to use in this context because they are quite literally trying to destroy people. The ideology they live by assumes that the only people who actually create wealth are the business and financial sectors of society, and that the rest of us are simply leeches who sponge off, and depend on, the important people. They cannot conceive that the value of all production comes from the labour of the people who produce it, and, that without working people all of their wealth would not exist. I have written about this before but if you will excuse me I will quote Adam Smith, the so-called father of free market economics at some length because what he says about this subject is in complete contrast to what modern economics tells us. The following is from Smith's The Wealth of Nations Book 1 Ch. 5 and is not from Karl Marx
The value of any commodity, therefore, to the person who possesses it, and
who means not to use or consume it himself, but to exchange it for other
commodities, is equal to the quantity of labour which it enables him to
purchase or command. Labour therefore, is the real measure of the exchangeable
value of all commodities........ The real price of every thing, what every thing
really costs to the man who wants to acquire it, is the toil and trouble of
acquiring it. What every thing is really worth to the man who has acquired it
and who wants to dispose of it, or exchange it for something else, is the toil
and trouble which it can save to himself, and which it can impose upon other people.
What is bought with money, or with goods, is purchased by labour, as much as
what we acquire by the toil of our own body. That money, or those goods,
indeed, save us this toil. They contain the value of a certain quantity of
labour, which we exchange for what is supposed at the time to contain the value
of an equal quantity. Labour was the first price, the original purchase money
that was paid for all things. It was not by gold or by silver, but by labour,
that all the wealth of the world was originally purchased; and its value, to
those who possess it, and who want to exchange it for some new productions, is
precisely equal to the quantity of labour which it can enable them to purchase
or command….Labour alone, therefore, never varying in its own value, is alone
the ultimate and real standard by which the value of all commodities can at all
times and places be estimated and compared. It is their real price; money is
their nominal price only……Labour, therefore, it appears evidently, is the only
universal, as well as the only accurate, measure of value, or the only standard
by which we can compare the values of different commodities, at all times, and
at all places.
Thus, the real value of a house is equivalent to the sum total of the labour required to build it, from the labour that went into producing the bricks and wood for the structure right through to the final coat of paint to finish it. The actual cost of a house is speculation, licensed gangsterism. The real trick of the ruling elite in Britain is to convince us all that working people are actually worthless and that we should all bow down to the rich and wealthy, the real 'wealth creators' and they have actually managed to convince the working class itself. So, be thankful for the crumbs off your masters table because at the end of the day, if you accept this distorted sense of reality and subscribe to such an ideology then you deserve all you get. As I keep saying, you voted for it. You have been warned.
Your Servant
Doktor Kommirat
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