Crapitalism

April 26, 2010 § Leave a comment

Lodged in the middle of an unremarkable op-ed in The News’ weekly Business and Finance Review, comes this sobering reminder of the nature of the world we inhabit:

Recent media reports suggest that a father of five killed himself by taking poison after he could not buy food for his hungry children. In another case, a widowed mother of three killed herself after giving poisoned milk to her three children. A young mother in Lahore tossed herself and her two young children onto a railway track allowing an approaching train to cut them to pieces. In a suicide note she cited poverty and increased hardship due to inflation as the reason for her decision. A young man committed suicide at Aabpara Chowk in Islamabad by shooting himself. The suicide note that he left behind—one part addressed to his family and another part to society—blamed the rich, as well as the price hike, load shedding and poor housing policies for getting youths like him into the trap of usurers and thus despair.

Set this side-by-side with the candid confessions of one Philip Beresford, compiler of The Sunday Times’ 2010 UK Rich List, and one has an airtight case for societal upheaval, I’d say:

“The rich have come through the recession with flying colours. The stock market is up, the hedge funds are coining it. The rich are doing very nicely. The rest of the country is going to have to face public spending cuts, but it has little effect on the rich because they don’t consume public services.”

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