It’s about Public Ownership – not about protecting profits

The cost-of-living crisis and soaring energy bills will not be solved by handouts, tinkering around the edges or populist sound bites.

They have real and life changing consequences from an increasing reliance on food banks, fuel poverty, financial pressures, physical and mental health crises and malnutrition to hypothermia.

How often does it have to be said? How loud do the demands have to be made? Taking our utilities into public ownership could, at a stroke, alleviate the human misery and suffering currently being experienced by young and old alike.

In the past year energy bills in the UK – where oil, gas and energy are all owned by multi-national companies- have increased by 215%. In the same period bills in France – where the government owns the gas companies and is the major shareholder in the main electricity provider – have risen by just 4%.*

What this current crisis of capitalism has shown, once again, is that short term measures result in short term and limited solutions. Another crisis will evolve and working people will be forced to bear the brunt, pay the price and shoulder the blame.

Thousands of working people across all sectors are being forced into taking industrial action in defence of their standard of living, terms and conditions of employment and the future and safety of the services they provide. They are being met with the full and organised force of hostile politicians, willingly supported by the mainstream media, and a growing list of apologists for profiteering multi-national companies.

It will require a disciplined, co-ordinated and class-conscious response if we are to counter and overcome these attacks on our living standards, services and quality of life.

Only fundamental change to the current economic system can address the cost-of-living crisis, runaway inflation and the erosion of workers rights. Taking public utilities out of the clutches of private profiteers and into public ownership and control would be a first important step in that direction.

* Sources: Ofgem, Enerdata, Ecoscope, Politico, Guardian

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s