John O’Neill is a member of the Irish Socialist Network and active in the 1% Network.
Ireland is undergoing neo-liberal shock therapy as a result of the Government decision to guarantee the debts run up by speculators in our hyper-inflated housing market that went down the proverbial tubes. The Fianna Fail government, now in its death throes, embarked on pay cuts and reductions in the public sector as its principal strategy for getting out of the mess. It has cut the pay of the 300,000-strong public sector workforce, reduced the minimum wage by €1 per hour and reduced all social welfare payments, pandering to their pals from the Irish Business and Employers Confederation (IBEC) who demand a 10 percent reduction in pay for all workers (except themselves!), and the retention of our low corporation tax rate, their ‘holy grail’ of economic recovery. Continue reading “the 1% network”
