New sign of poverty

November 22, 2023

It has become common recently to talk of a ‘cost-of-living crisis’ in the UK and elsewhere, as people’s incomes struggle to keep up with price increases.

A dramatic example of this is the recent Autumn Statement from the Joseph Rowntree Foundation that two million households in Britain have in recent months turned off their fridge or freezer in order to save energy and money. And a quarter of low-income households have run up debts to pay for food, while a third sold belongings to raise cash.

This in the fifth richest country in the world (measured by total household wealth)! Such is capitalism, and this is why it needs to be replaced.