Tag Archives: FTSE 100

Daily Headline – 10/02/13

Poverty stricken Zambia used by British multinational

Zambian ABF poverty flagAnother example of globalisation and how multinational corporations go round the world to find a victim waiting to be taken advantage of.

An investigation has found that Associated British Foods the FTSE 100 British multinational is avoiding paying the African state of Zambia millions of pounds in tax. During the period of 2007-12 they contributed almost nothing and in two of those they paid literally nothing.

The investigation also found that the company ships off around a third of pre-tax profits to tax havens.

The Guardian reports:

“It is estimated that the tax haven transactions of this one British headquartered multinational deprived Zambia of a sum 14 times larger than the UK aid provided to the country to combat hunger and food insecurity.”

For further details about the investigation click: Action Aid; Tax Justice.

A system of exploitation

By George Volkov

Don’t you see it? The exploitation? Fools!
We are in a recession, the capitalists lent more money than they had in a greedy attempt to accumulate more capital. ‘everyone is having their pay frozen’ claim the brainwashed, those who believe what the coots lost media tell you. Well, let’s look at how the rich are doing, whilst we are suffering for the crisis they caused: directors of the FTSE 100 – the top 100 British companies – saw their incomes rise by an average of 49 per cent last year.
‘Tighten our belts’, they shout, whilst rolling in their wealth. Look at the super rich, those who make billions a year. Take apple for example: why do we live in a world where it is acceptable for one man to make billions a year, yet pay those who produce the products the bare minimum, cooping them in horrible conditions?
You, the workers, those who make everything, those who without, society would collapse, get the amount to make you happy. You have these electronics, these commodities to distract you from this exploitative system. Why is so much of the wealth owned by so few?

Inform your friends of the parasitic nature of the rich, the bourgeoisie! Unite with your fellow proletarians, those who sell their labour to survive! Grab a red flag, a rifle, and your comrades! Organise into workers councils! Push your unions for a general strike and see this system collapse, because you are not working, and the so called wealth creators are panicking. On the ruins of this system of exploitation, we shall have a society where you, the workers run the world, the means of production!

Rise up and take what should be ours!