The Spark

the Voice of
The Communist League of Revolutionary Workers–Internationalist

“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx

How Bad Have Prices Got?

Jun 30, 2008

Everything–absolutely everything–is sporting higher prices. Name one thing where prices have gone down.

Food, gasoline, electricity, natural gas, oil, medical care, education–UP, up hugely.

Oh yes, the prices of new houses have started to go down a bit–after doubling or tripling in ten years time. But so what, new housing is still priced up in the stratosphere.

As for all those lies and excuses the big companies are peddling–don’t listen to them.

We are not running out of oil–the big oil companies don’t even bother to open up wells in the fields they have, not to mention the fact they have shut down over half the refineries they were running 30 years ago.

As for food prices–don’t look at China and India. They haven’t caused the problem. They export more food than they import, adding to what could be a surplus of food.

The problem is not a lack of food or oil–the problem is the greed of big companies, which have created and are now profiting from this situation.

Every industry in the country is dominated by just a few companies: oil, chemicals, steel, automobiles, health insurance, pharmaceuticals, food processing. A company like ExxonMobil takes in more money, over 400 billion dollars each year, than do the entire economies of most countries–including that of Saudi Arabia!

Shortages? Monsters like ExxonMobil create them. They decide how much is produced and marketed. They create shortages, or at least fictional shortages as an excuse to drive up prices.

Can’t afford to pay these extortionate prices? Can’t even afford to pay for all the bare necessities?

Not a problem, some of these same companies, through their financial arms offer loans, credit cards, and mortgages.

We have been drawn into debt slavery by sharks who get their teeth on our jugular, then never let go.

So, of course, the economy is heading into a down spin. Who can afford to buy the products and services being produced today? Yesterday’s unconscionable high prices are leading directly to all the stores and factories closing down today.

This wealthy class, which enriched itself by pumping up prices, is putting the brakes on the economy. Thousands, tens of thousands, hundreds of thousands of workers are being thrown out into the street today. Millions more tomorrow.

Big business uses polite words for all this. They call it the free enterprise system. They call it “democracy.”

No, it’s not democracy and it’s certainly not free–it’s nothing but a war being carried out by the wealthy against the whole laboring population, including the very young, and all those too old or too sick to work.

We have come face to face with big Capital and the tiny minority of people who have made this country their own.

Look at them good and hard–these monsters who are destroying what could be a society beneficial to all.

Take their measure. Because we are going to have to mobilize our forces to take them on.