Rss Feed Tweeter button Facebook button Linkedin button

Skip to content

Thursday, Feb 9th 2012


An Irish Hospital is No Place to be Sick

a100_0_maryharney.JPG

“The one thing I want for the country I love is a health system that is accessible to every citizen regardless of their wealth.”

- Mary Harney, Minister for Health and Children, 29th September 2004.

It is no understatement to say that the health system in this state lurches from crisis to crisis like some uncontrollable monster that feeds mercilessly on the sick, the poor and on tax-payers money. It is nothing short of an abuse of human rights. It seems that a day does not go by without needing to add something new to the list of health-based crises in the state. Mary Harney’s statement from 2004, as quoted above, was an insult to the intelligence of those who knew better then, and remains an insult to those who have learned better since (aside from the fact it was a lie to begin with).

In 2008, we still do not have enough acute hospital beds; Amnesty International say that our suicide prevention and mental health funding and policies do not live up to international mental health standards; hospital budgets are being cut and GP training places reduced, despite the fact that this exacerbates risks to patients. The monster that is the HSE and the Department of Health authorizes and promotes policies that encourages the increase of Accident & Emergency Department waiting times, and forces hospital wards to close intermittently, and departments to close permanently, or in some cases, to never open in the first place.

Harney and the HSE monster are too busy worshipping Mammon to worry about providing the service that is so desperately needed by the people that fund it - the tax payer. Instead, alarmingly damaging plans for hospital co-location (despite opposition to the plans growing) are being railroaded through the Dáil and the tax-payer will be forced to watch private hospitals be ‘co-located’ on public hospital grounds.

Bad enough that the average person is forced to avail of under-resourced and over-stretched services in the public system. Now, under Minister for Health, Mary Harney’s plans, public patients will be able to watch those with the money, enter into an oasis of modern facilities and speedy provision of services situated within the grounds of a public facility suffering from lengthy waiting times, a plethora of hospital trolleys, and which gives the anxious patient a queasy feeling that their test results aren‘t accurate. They will also know that their taxes partly fund this. So, not only does this monster exist; it rubs our noses in the shambles of our current health system.

Since the last General Election, these crises have gotten worse and there is no sign things will change.

The Acute Bed Crisis

In January 2008, a HSE report Acute Hospital Bed Capacity Review said that the state would need an additional 20,000 acute beds by 2020 to meet with demand. In response to this, Prof. Brendan Drum had the gall to say that people must not be so dependent on acute hospitals and that “outdated practises” must be done away with, while claiming that more acute beds were not needed.

This report also stated that 180 additional beds would be required at Our Lady of Lourdes Hospital, Drogheda to compensate for cuts made during the 1980s. Due to the centralisation process currently being undertaken by the HSE, however, hospital services in Dundalk, Navan and Monaghan are now being transferred to the already over stretched Drogheda and Cavan hospitals. So, while the Government is dependent on co-location to deliver extra beds, it cannot reach any agreement as to exactly how many is needed. In fact, they do not appear to want to reach an agreement or even to discuss it. One could be forgiven for thinking that they are afraid of the truth.

Suicide Prevention Funding and Mental Health

Despite CSO statistics showing that over 400 people died through suicide in 2006 alone, the Government decided in January 2008 that it would not allocate the National Office for Suicide Prevention any extra money to combat this issue of major societal importance. The Office’s budget was frozen at the 2007 level, forcing many NGOs in the mental health sector to scale down their operations due to inadequate funding. The cut-backs came as no surprise to those who provide frontline services - funding of mental health services has actually decreased on an annual basis since 1997. During 2006, 7.1% of the health budget was spent on mental health in the South compared with 10% in the North.

Curiously, the ears of Celtic Tiger enthusiasts did not ring when Amnesty International and Schizophrenia Ireland raised the alarm on World Mental Health Day that comparisons could be made between Bulgarian and Irish attitudes to mental health problems. Bulgaria, after all is not well known for its progressive attitudes towards mental health. What is more, the largest mental health organisation in the state was forced to scale back its services drastically after levels of government funding were cut. The organisation is currently under incredible pressure, with only two workers to cover an area of Dublin with 1 million inhabitants.

Hospital Budget Cuts

In January, The Department of Health announced that 16 hospitals across the state would have its budgets cut by €10 million as a result of “inefficiency”. So, already over-stretched hospitals now have to struggle to reach unattainable standards under budgets that are even tighter than usual. According to Department logic, however, if a hospital cannot perform within its meagre budget, its budget is cut further. But don’t mention the fact that the reason the hospital under perform in the first place is because of a HSE embargo on recruiting staff.

Tallaght Hospital will be the worst affected, receiving a €2.1 million budget cut, while Our Lady of Lourdes, Drogheda and Our Lady’s in Navan will both have their budget cuts by €1million each. The only effect of cutbacks on this scale, of course, is the penalisation of patients who avail of the services and who are not fortunate enough to be able to ‘go private’. Indeed, those afflicted with a mental illness and cannot pay for private care, are now being put in prisons due to the lack of beds in psychiatric hospitals.

No Increase in GP Training Places

At the beginning of the year, the Irish College of General Practitioners revealed that there would be no increase in the number of GP training places for 2008. This is despite the fact that in 2005 FAS Market Research published a report stating that there would be a shortage of 1,000 GPs by 2015, a figure which essentially made a mockery of the Government’s primary care strategy.

Waiting Times in A&E Departments Get Longer

Overcrowding and waiting times in A&E Departments worsened throughout 2007 and have not yet improved. In response to this Minister for Health, Mary Harney declared that the situation in A&E units was a “national emergency” and set up a task-force to deal with the issue, which aimed for a maximum target of 12 hours waiting time. This has failed in its task and resulted in scathing criticism from the Irish Association of Emergency Medicine. Minister Harney has ignored numerous calls for her resignation after failing to change health policy to public provision based on need.

Hospital wards close as a result of HSE recruitment ban

A ward in Potiuncula Hospital, Galway was forced to close as a result of the strenuous effects of the HSE recruitment ban in December 2007. This was yet another indictment of Mary Harney who had previously pledged that cuts to the HSE and its recruitment freeze would not affect patient health care. As well as this the Orthopaedic Unit for the North-East region, serving four Counties, and located at Our Lady’s Hospital, Navan, also closed for most of December with staff shortages being cited as a reason.

Co-location schemes and a two-tier health system

Last December, members of the Dail discussed the Health (Miscellaneous Provisions) Bill 2007, which was designed to facilitate “co-location”. Co-location is a mechanism which is designed by Government to enable the establishment of private hospitals in the grounds of public hospitals. They have, without an ounce of shame, masked this as a way of freeing up extra public beds. In reality, when the policy is implemented it would reinforce the healthcare apartheid and two-tier nature of the current system. It will pave the way for complete privatisation of the health system.

Despite the Green Party’s previous commitment to opposing hospital co-location, it remains to be seen whether they will stick to this policy. Sinn Fein, Labour and Fine Gael have all come out quite strongly (and quite rightly) against the proposals.

Also relevant is the fact that the previous June (’07), Professor Brendan Drumm made a range of comments which corroborated the Sinn Fein and Labour view that plans for co-location needed to be scrapped immediately and urged the Green Party to reject any Programme for Government that contained co-location.

Yet it still remains in place.

However, while the government parties sing from the same hymn sheet about the €280m that the state will recoup from co-location, it emerged recently that the plans will actually cost the state €1.3b over the next seven years.

The Green Party Election Manifesto ‘07 had committed to “scrap immediately the decision to subsidise the building or private hospitals on public land”. Drumm commented that he saw co-location as a “competitor” to the public system and that we should be “glad of competition”. This directly contradicted the previous claims of Bertie Ahern and Mary Harney that co-location would “free-up” 1,000 additional beds in public hospitals. It is unlikely that the people who remain languishing on trolleys in public hospitals will be “glad of competition”. More likely they will deem it to be, at best, an obscenity, and at worst an abuse of human rights.

Weak budget commitments in healthcare

Announcements made by the then Minister for Finance in his Budget address last December, relating to healthcare and medical cards, were beyond weak, to say the least. It failed to address the crisis in healthcare adequately and reneged completely on previous government commitments to extend eligibility for medical cards. The Irish Hospital Consultants Association also echoed the views of Sinn Fein by saying that the Budget commitments did nothing to address the need for 3,000 extra acute beds or adequately provide for the health needs of the population in the state.

However, Brian Cowen, the Minister for Finance at the time, did find it in his heart to leave tax breaks for developers of private for-profit hospitals. As a result taxpayer’s money will fund the co-location scheme and healthcare apartheid.

The biggest percentage increases in health spending in the budget are 146% for inquiries, legal fees and settlements and 42% to the State Claims Agency for payouts in cases of clinical negligence.

Motions of no confidence in Harney

A series of motions of no confidence in Mary Harney as Minister of State have been tabled. One was passed by a body established by the Government in the West of Ireland, which was designed to give local councillors a voice in HSE matters. The West Regional Health Forum passed the motion at its monthly meeting in January 2008. During the previous Dail, a motion of no confidence in Mary Harney was raised as an indictment of, not only her stewardship, but of Government health policy and management of the health services in general. The motion came after news emerged of a scandalous situation in the Midlands, where women were misdiagnosed after cancer screenings - due to fundamentally flawed policies and gross mismanagement of the health system. Unfortunately the motion was defeated.

Despite the increasing public dissatisfaction, when Brian Cowen became Taoiseach and reshuffled his cabinet, he neglected to move Harney. It has been abundantly clear for some time that she cannot do her job properly. Despite various political correspondents speculating that the Cowen government would be more efficient, health remains the one area that needs efficiency most. Yet it is one he has decided to leave in what are a decidedly unsafe pair of hands. The fact remains, however, nobody else wants the job.

Mismanagement of Cancer Services

During August 2007, the HSE told women receiving breast-cancer diagnoses and Portlaoise Hospital that there was “no need for concern” after a consultant radiologist and a review of practice was established. Previously a nursing director had alerted the HSE to high numbers of false diagnosis being given. A number of women were told that they had breast cancer when in fact, they didn’t. Eventually 3,000 mammograms were reviewed by the HSE. Nine women who were previously given the all-clear, were then told they actually did have cancer. During the following November it emerged at an Oireachtas Committee meeting that a further 97 women were being recalled after they were incorrectly given the all-clear, some of whom did have breast cancer. The 97 women in question had heard through the media and not the HSE that their ultrasounds were to be recalled. It also emerged that in 2005, a surgeon wrote a letter to the Minister for Health describing the cancer services provided in Portlaoise as a “shambles”. Furthermore, it emerged that hospital staff contacted the HSE in 2006 in order to express concerns regarding the age of the equipment being used in Oncology. Even the Assistant Director of the HSE’s National Hospital Office has said that the health service is “failing miserably” in its assessment times for breast cancer diagnosis.

A 41 year old Tipperary women, Rebecca O’Malley went public about her misdiagnosis in Limerick Regional Hospital. As a result of the misdiagnosis her treatment was delayed by 14 months. Another unidentified women was misdiagnosed in Barrington’s private hospital in Limerick and her treatment was delayed by 18 months. During October 2007, Ms. Susie Long (a public health patient) made the decision to highlight her plight against cancer and expose the healthcare apartheid that exists in this state. Susie Long’s diagnosis and subsequent treatment was delayed to such an extent by this apartheid that when she died from her illness even Bertie Ahern and Mary Harney admitted that the health system had “failed her”.

The cases of Rebecca O’Malley and Susie Long are symptomatic of the two-tier health system. Their cases have reiterated that the obstacle to access to the required care is the inequitable two-tier nature of the system.

In response to this Minister for Health, Mary Harney said that the crisis that now existed regarding cancer care services are as a result of “our failure to establish “centres of excellence” across the state:

‘It has happened because of our failure in the past to put in place centres of excellence, which could never have happened under the old health board regime.

According to Harney, had we done this, treatment would be given speedily where necessary and scan results provided efficiently. Public protests at her decisions are met with indifference. Face-to-face confrontations lead her to blame someone else; using what is now known as the ‘it’s not me - it’s Drumm’ excuse.

It fails, however, to provide a reason why 6,000 Chest X-rays and 70 CT scans in the north east need to be reviewed. This was only discovered when four patients learned they had lung cancer after the locum consultant radiologist who originally viewed the scans and x-rays, failed to pick it up.

MRSA

Deadlier forms of MRSA have continued to be found across the hospitals in the state. Even though single rooms and isolation units have been identified as a major need as far back as 2001 the Government has continued to remain inactive on this. It was revealed that Beaumont Hospital in Dublin was lacking in beds to such an extent that it was unable to provide isolation facilities for one third of patients with MRSA. Beaumont serves the entire North East region in many services, as well as being a national centre for renal dialysis and kidney transplant, and a national centre for neurosurgery. It will also become one of the hallowed “centres of excellence for cancer care“. Hospitals and medical facilities in the Netherlands have more single rooms and have made far greater advances in aiming to eradicate MRSA.

The first National Hygiene Service Quality Review by the Health Information and Quality Authority also said that the majority of public hospitals need to “dramatically improve their hygiene standards. The report said that the only seven out of 51 hospitals had good hygiene standards while none at all were deemed to be very good. Nine hospitals were rated as “poor”. It was also revealed in June that in May 2001 the infection control committees in two hospitals in Galway were expressing anger and dismay at the non-implementation of policies to combat MRSA.

During the month that the FF/PD/Green coalition was formed, news broke that despite the continuing escalation of problems with MRSA on the wards of hospitals throughout the state, the HSE had failed to spend almost a fifth of its capital budget (€97.7 million) for the year 2006. €97.7 million which could have gone some way to allocating funding for beds and isolation units which would go some way to relieving the overcrowding in hospitals.

Irish Government Make Moves to Close More A&E Units

Results of a Journal of Emergency Medicine survey revealed that there links between the distance traveled by ambulance to hospital emergency departments and the increased likelihood of death. Yet the Government have decided not to heed the warning signs from these compelling results and have continued with their plans to close A&E Units across the state and centralise all emergency care services.

Without a doubt, it is a depressing state of affairs. After all this I haven’t mentioned nursing home care, medical cards, PPARS, the consultants contracts, the ongoing nurses industrial action, lack of stroke units, the wrong kidney being taken from a child,…..the list it seems, is actually endless and so the crisis continues.

What Needs to be Done

If Brian Cowen had any backbone, the first thing he would have done on arrival to Roinn an Taoisigh was sack Harney on the grounds of incredible ineptitude.

In Cowen’s first speech as elected Taoiseach he said;

In my first budget speech to this House I talked of economic activity as a servant of society. The statistics speak volumes for what we have achieved in the past 15 years. They might also get too much attention. Some might ask what year on year growth amounts to if it does not improve peoples lives.

He was quite right of course, but he, like his predecessor, doesn’t seem willing to give us the answers when it comes down to health system.

Discussion

We welcome and encourage lively discussion from the public about articles on Irish Left Review. You can leave a comment using the form at the bottom of the page. Please read through the existing comments before posting your own.

  1. Comment by: Dara

    Oct 22nd 2010 at 16:10

    Not usually a fan of the left, but certainly in agreement re noxious influence of Harney on Health.

    The economy is 50% dependent on Big Pharma, much of which was brought in by Harney during her tenure at Trade and Enterprise.

    Big Pharma’s vested interest is in keep ing people sick.

    Huuuuge conflict of interst…

  2. Comment by: kathy warren

    Feb 6th 2011 at 19:02

    I am disgusted at the state of Irish hospitals. My 65 year old father spent the night in a Galway hospital lastnight (5th Feb. 2011) and was left in a corridor in Casualty - all night long.

    He didn’t get any sleep whatsoever, what with the cleaners, the staff, the general public, the drunks etc. He did, however, say that the staff were very very kind and he could not fault one of them.

    I think it is just horrendous that any ill person should have to spend the night on a trolley in a hospital corridor, due to cutbacks.

    My father spent 36 years as an ambulance driver and he said that in all his time, he has never seen anything this bad. Surely something must be done.

    I feel for the staff who have to work in this environment day in, day out.

Leave a Comment

(required)

(required, will not be published)

Sins of the Father

Sins of the Father:

Tracing the Decisions

That Shaped the Irish Economy,

by Conor McCabe

from The History Press

Now Available as an e-Book.

Subscribe by Email

Enter your email address:

Delivered by FeedBurner



Irish Left Review on Facebook

Best of the Web

  • The Greek debt workout will establish a benchmark for sovereign debt haircuts across the Eurozone

    I tried to reduce the size of this quote, but I kept on leaving important stuff out. The whole article is a must read, particular the point made earlier that the negotiations being finalised now between the ECB and private bond holders will ‘establish benchmark terms for other struggling Euro sovereigns as well. Thus, it is possible that the valuation of sovereign debt across all Euro nations will be established in relatively short order’. Anyway, this article by a couple of ‘humble investors’ provides plenty of clarity.

    We have not reached the end of history. Mankind evolves, as does capitalism and its many brands. But not that much. An objective look at our modern economic ecosystem shows clearly one unified global banking system that is actually made stronger by predictable, publicly aired tensions among competing political and economic theorists and practitioners. As long as lawmakers and we, the people that must obey them, continue quarrelling among ourselves, those that control money are free to do as they like. When the people revolt against the symbols of political power (storm the Bastille, storm the winter palace), then the people succeed in forcing those that control money to alter the political structure. Only when lawmakers take steps to limit bank system access to the nation’s resources by indenturing the factors of production (dumping tea overboard, storming the Eccles Building), can the nation’s capital shift back to the people.

    Today we have an oligopoly of central banks issuing the world’s baseless currencies and, by having successfully promoted substantial household and sovereign debt assumption, can now dictate resource allocation and fiscal policy terms. Against this power there is fragmentation - (mostly) democratically elected officials overseeing republics of generally obedient populations. Lenin knew; “by continuing the process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens”. John Maynard Keynes himself agreed: “There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose”.

    We argue that indebted governments have ceded that power to banking systems without conscience or public accountability. If the global banking system has ultimate power over how global wealth is perceived, (as it does), and it is the only institution powerful enough to keep indebted governments in control of their societies, (which it is), then the only reasonable strategy for an independent investor is to think like a Rothschild. Don’t fight the Fed - bet on it.

    No comments »
  • Protest at cuts in small rural schools Dublin, 1st February 2012

    Hundreds of teachers, parents and school children came from all over Ireland to protest at Minister Ruairí Quinn’s proposed cuts to small schools in Dublin when the Dáil was debating the bill.

    No comments »
  • Ireland has one of the most attractive tax rates for fracking companies in the world

    Very important point made by Natural Gas Europe here (posted on Shell to Sea) about the licencing agreement around Shale Gas (Fracking) and needs to be understood in the context of the news today that Tamboran Resources initial exploration in  north Leitrim has found that they could ultimately reach 2.2 trillion cubic feet of gas, worth $55 billion at today’s prices. Meanwhile Pat Rabbitte has asked the EPA do an environmental study, but this is very, very unlikely to veer from the assessment of the European Commission consultancy study on licensing hydraulic fracturing which found that there is no need for specific new legislation governing the mining activity.

    Besides the environmental impact, the financial cost of both that gas line and the potential shale gas excavation has caused consternation. Currently, Ireland has one of the most attractive tax rates for companies in the world. Companies in Ireland are, in most cases, required to pay only 25 per cent corporation tax, a much lower rate than most other countries with possible shale gas reserves; Ireland also does not require companies to pay any royalties to the government on saleable gas. Tamboran, Lough Allen Natural Gas and Enegi may be required to pay between five and fifteen per cent over this rate, but, even at a higher rate, the gain for the government will be lower than for most other countries in comparable situations. Pundits and protestors alike say that the government is effectively giving away a valuable resource, owned by the Irish people, to outside companies, for very little in return.

    2 comments »
  • Conflict of interest is so deeply embedded in Ireland, no one seems to notice

    The cops were very swift to close down the demonstration in the NAMA building that  Unlock NAMA occupied on Saturday the 28th. They haven’t been as swift though to investigate Anglo Irish Bank. A big blow to that investigation is due, apparently, to the fact that the cop leading it went to work for Bank of Ireland. It is not unusual for people from the fraud squad to move into the private banking sector, we are told, just as we were told that it isn’t unusual for people to move from the regulators office or the Central Bank (when they were separate bodies) to the boards of private banks. Unlock NAMA revealed that the building they occupied was in a very bad state of repair. Add to that the difficulty in establishing that it was a NAMA building at all, considering that it was added to the foreclosure list incorrectly. This should open up discussion on what is happening to all the other NAMA buildings, at the very least. At the most there should be uproar about the massive stock of properties that NAMA controls the loans of which is being allowed to rot and devalue. These properties are being held on to simply to try and artificially hold the price on property and provide the means for future speculation.

    Senior garda fraud specialist retires to work for Bank of Ireland

    The senior garda detective who was in charge of the Anglo-Irish investigation for 18 months took early retirement at the end of last year and is now working with Bank of Ireland, it has emerged.

    Former detective superintendent Pat Collins, 52, was regarded as the Garda’s top expert in corporate fraud investigation. He spent much of his career in the Fraud Squad and before taking charge of the Anglo investigation he spent time on secondment with the Office of the Director of Corporate Enforcement working with its director, Paul Appleby.

    Former colleagues say his departure — on full pension after having served 30 years in the force — will be a major blow to the investigation.

    Coveney adviser’s patriotism stressed to secure special pay

    Elsewhere, Minister for Agriculture Simon Coveney is in the news for asking for a €130,000 salary for his special advisor Fergal Leamy, a former chief executive of Greencore USA. The cap as we are well aware after all the breeches of it is €92,672. Leamy didn’t last long, despite Coveney pleading that he was desperate to do the state some service he left after four months. He got an offer from an equity firm in the London that he couldn’t refuse. However, the story also reveals that Simon  Coveney’s brother, Patrick Coveney is chief executive of Greencore. Of course Greencore has a long and controversial history, which Shane Ross referred to as a template for the worst excesses of corporate Ireland, a close rival to DCC.

    No comments »
  • Can We Still Write Big Question Sorts of Books? | David Graeber

    David Graeber and the model of his ‘popular’ yet scholarly book Debt: The First 5000 Years

    So: what was to be the model for a big questions sort of book, and how to write a book that would still be scholarly, but not academic?

    This is what I came up with:

    Of all the models I considered, the most amenable turned out to be the approach adopted by Marcel Mauss. This might seem odd. especially because Mauss never actually wrote a book; he’s mainly famous for a series of essays. Yet many of these essays-not just the Gift, but his essay on the person, techniques of the body (where he coins the term “habitus”), sacrifice and magic-really have had a profound effect both on all subsequent scholarship, and, to differing degrees, political and social debates ever since. Mauss had an uncanny ability to ask the right questions-often, questions he was the first to pose, and which have become mainstays of theoretical debate ever since. His was also an appealing model because Mauss was both a serious, committed activist (he was especially active in the French cooperative movement), and a scholar of remarkable erudition. His problem-and this, I suspect, is why he never did write a proper book, despite numerous attempts-was that he was also almost unimaginably disorganized, and therefore, terrible at exposition. I suspect if alive today he would have been quickly diagnosed with severe ADD.

    1 comment »
  • Irish ‘SOPA law’ another under the radar attack on digital rights by a craven government pandering far too easily to corporate interests

    Very strong and accurate piece from Karlin Lillington in the Irish Times today, making no bones about the motivations behind the changes in copyright law that Sean Sherlock and the Irish government are trying to sneak in. It’s odd at a time when the SOPA law in the US, which is similarly motivated to the Irish law, has just been dropped.

    FOR THREE governments in a row, “short-sighted” and “sneaky” seem to have become the relevant terms in operation when bringing in controversial, high-impact legislation on digital issues.

    In the past, from the government’s perspective, this approach has worked well in shoving in poorly drafted, unscrutinised law on the controversial area of data retention, giving the Republic one of the most severe, internationally criticised, anti-business retention regimes in the world.

    This time around, the Government is trying again to use secondary legislation - a statutory instrument requiring no discussion and no debate in the Oireachtas - to (supposedly) protect intellectual property for a narrow band of hard-lobbying entertainment industries.

    For despite what the ‘hard-lobbying entertainment industries’ might say internet piracy is not killing off its profits. That assumes for a start that the amount produced is static, which given the amount of ‘content’ flooding towards us each day is absurd.

    But more importantly, there is evidence (from numerous mainstream studies and reports) that industry claims about piracy decimating revenue, jobs and creativity are vastly overstated. A careful analysis of such claims by Julian Sanchez on Ars Technica ( iti.ms/wT8l02), picked up and further discussed by Forbesiti.ms/xQJXhg), indicates piracy has actually had only a minor impact on these industries.

    The record industry in the US, for example, has about double the new releases it had a decade ago, when piracy was barely on its radar. The film industry also has more releases now than in pre-piracy days and its most pirated movies are also those that made staggering box office profits. Sanchez cites evidence that the music industry is making back profits lost to piracy through “complementary purchases” such as concert tickets. And a recent report issued by a US anti-piracy lobby group rather farcically indicates its clients are doing quite well, thank you.

    3 comments »
  • Davos dilemma | Michael Roberts

    The majority of those at Davos think that Capitalism isn’t working, but don’t feel there is a need to change anything because its working rather well for them. It’s up to those not in the 1% then to change it.

    The strategists of capital are attending their annual jamboree in the snow playground of the super-rich in Davos, Switzerland for the World Economic Forum. Many of the top 0.1% of income earners are there. And this year the main theme is whether capitalism works and is fair.

    Capitalism is in crisis - and this time the word ‘crisis’ is not hyperbole. Even the 2600 attendees at Davos recognise that. According to a survey by the financial broadcaster, Bloomberg, almost 70% of those asked believed that the capitalist system is in trouble, with 32% saying it needs “radical reworking”. Less than 20% reckoned ‘free enterprise’ is working. Most Davos 0.1 percenters are really worried that this failure of capitalism to work could lead to ’social instability’ in one form or another.

    And more than half who were asked at Davos thought that inequality of income and wealth under capitalism was damaging economic growth. But only one in five wanted any urgent action on the issue! It seems that greed triumphs over economic logic - or should we say, class interest rules

    No comments »
  • The Promissory Notes | Tom McDonnell

    Economist Tom McDonnell of TASC provides a brief primer on IBRC promissory notes, which is available on Slideshare. Click here to view it in it’s own web page.

    No comments »
  • Michael Taft talks to Doug Henwood of Left Business Observer about the Irish Economy| 7th of January

    Michael Taft talks to Doug Henwood of Behind the News in a detailed 30 minute discussion about the Irish economy which was posted on the 7th of Jan. The second half of the show is given over to a discussion with Jodi Dean about Occupy Wall Street and ‘demands’. It’s also worth reading Jodi Dean’s article on Occupy Wall Street and the Left which was published today on Critical Legal Thinking.

    MP3 Link.

    [display_podcast]

    No comments »
  • What are bankers doing inside EU summits? | Corporate Europe Observatory

    Important information here on the extent of bank lobbies influence in the resolution of the Greek debt crisis, particularly when it comes to plans which require ‘private sector involvement’.

    At the Euro Summits in July and October 20111, crucial decisions “to save the Euro” and “to save Greece” were made. It was agreed to restructure Greek debts and banks were asked to accept a ‘haircut’ to their profits to avoid a Greek default and the risk that some banks might default as a result. In Summer 2011, the press was full of stories about the informal negotiations between EU leaders and the banks about the level of private sector involvement in restructuring Greece’s debts.

    The Institute of International Finance (IIF), a lobby group established in 1983 by the biggest banks and financial institutions in the world to deal with the question of sovereign debt2, became the EU’s interlocutor on the Greek debt issue. Its proposals -described as ”offers”- received red carpet treatment.

    No comments »

Link Archives »

Authors