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Food, beverage and tobacco, capital goods, diversified financials, transportation and consumers services companies in Sri Lanka are enjoying increased profits while millions of workers, poor and children are in a desperate struggle to survive the worsening economic crisis. Many companies have recorded their highest-ever annual profits.

According to the recent figures, the listed companies in the above sectors have secured large increases in their combined earnings in the first quarter of 2022 on a year-to-year basis. This includes 303 percent growth in the food, beverage and tobacco sectors earnings, 210.2 percent in capital goods, 138.8 percent in diversified financials, 682.1 percent in transportation and 173.6 percent increases consumer services, compared to the same quarter of 2021.

The most diversified blue chip, Hayleys PLC, recorded an all-time high profit of 28.1 billion rupees ($US78 million) in the last financial year. It was the highest profit in the companys 144-year group history, chairman Mohan Pandithage said.

LOLC financial service group recorded a profit growth of 443.8 percent year-on-year basis to 39.3 billion rupees in the first quarter. The increase was mainly a result of its global operations.

Hatton National Bank Finance, which is involved in a range of loans and other financial services, recorded a group net profit of 515.6 million rupees for the 202122 financial year, up from a loss the previous last year. The diversified blue-chip Aitken Spence conglomerate reported a profit before tax of 14.2 billion rupees, an increase of 2.8 billion rupees from previous year. Prime Lands Residencies also posted a record before tax profit of 1,848 million rupees for the 20212022 fiscal year.

Softlogic Holdings consolidated annual revenue surged by 35 percent to 111.2 billion rupees and consolidated year-on-year gross profit increased 52 percent to 39 billion rupees. It is involved in healthcare, retail services, insurance and financial services.

The Lanka Hospitals Corporation, one of the largest of the more than 140 private hospitals in Sri Lanka, recorded a 2.8 billion-rupee turn over in the first quarter of this year. Benefiting from COVID-19, which continues to rage across the country, it was a 27 percent increase on the same period last year.

By contrast, Sri Lankas year-on-year inflation rate for May rose to 45.3 percent and food inflation to 58 percentfigures that are continuously climbing as fuel prices increase. High prices are devastating the social conditions of millions of workers, the self-employed, farmers and the poor.

The vast gulf between these huge profits and the social disaster being unleashed against the Sri Lankan masses is yet another dramatic confirmation of Karl Marxs famous observation: Accumulation of wealth at one pole is, therefore, at the same time accumulation of misery, agony of toil slavery, ignorance, brutality, mental degradation, at the opposite pole, i.e., on the side of the class that produces its own product in the form of capital (Section 4, Chapter 25 Capital, Volume 1).

According to a recent United Nations report, nearly 5 million Sri Lankans are living hand to mouth, forced to sell their jewellery and to borrow money in order to survive. It noted 22 percent of countrys population needs food aid and 86 percent of households have been compelled to reduce what they eat, including skipping meals. The UN also reported that 56,000 children under five suffer from severe acute malnutrition and urgently need nutrient-rich food.

An indication of the desperate conditions confronting children was revealed by doctors at Colombos Lady Ridgeway Hospital for Children (LRH) who reported that 20 percent of children admitted to the facility suffered from malnutrition. These children, LRH Consultant Paediatrician Dr. Deepal Perara said, were not receiving the required quantities of carbohydrates, proteins, lipids and vitamins.

The disaster facing children was further confirmed by UNICEFs representative in Sri Lanka, Christian Skoog. He reported that nearly one in two children in the country required some form of emergency assistance, including nutrition, health care, clean drinking water, education and mental health service. Sri Lanka, he added, has the second-highest rate of acute malnutrition among children under five in South Asia and at least 17 percent of children are suffering from chronic wasting.

While Lanka Hospitals Corporation in Colombo, which is part of the islands expanding private hospital sector, is making high profits, the overall public health system is on the brink of collapse as stocks of vital medicines and medical equipment dry up.

According to the latest UN update, about 200 essential medicines are now out of stock in Sri Lanka, with predicted shortages of another 163 critical drugs over the next two to three months. Over 2,700 essential surgical items and more than 250 regular laboratory items are also out of stock.

This social calamity is a product of the capitalist profit system. From so-called independence from the British colonial rule in 1948, successive Sri Lankan governments have systematically worked to secure the profit interests of local and foreign big business at the expense of all working people and the poor.

Sri Lankas tiny capitalist elite, and the governments that serve it, regard the state-owned sector as their own private assets, demanding and receiving bail outs and concessions paid for by increased exploitation and social attacks on the working class.

There is no solution to burning issues confronting the massesthe shortages and skyrocketing prices of essentials like food, fuel and cooking gaswithin the capitalist system and national borders.

The only way for the working class to secure its essential needs is to take the production and distribution out of the hands of the capitalists. Inventories must be made of these resources and the wealth of the ruling elite seized by the working class and redistributed on the basis of social need.

Sri Lankan workers, who demonstrated their political and industrial strength in powerful general strikes against the Rajapakse government on April 28, May 6, and May 10 should review the political lessons of this struggle and the treacherous role played by the unions.

During the two-month popular anti-government uprising, the trade unions systematically blocked any independent intervention of the working class against Rajapakse government, and its brutal attacks on social and democratic rights. The unions do not represent the working class but defend the profit system, functioning as industrial police force on behalf of the government and employers.

As the Socialist Equality Party (SEP) has explained, the working class must take matters into its own hands. This requires the formation of independent action committees at every factory, workplace, plantations and neighbourhoods in opposition to all parties of the bourgeois political establishment and trade unions.

Rallying all sections of the working class, the rural poor and youths, these action committees need to fight for a government of workers and peasants based on socialist policies as part of broader struggle for socialism in South Asia and internationally.

We urge all WSWS readers to register for the Socialist Equality Partys online public meeting at 4 p.m., on Sunday, July 3 to discuss this perspective.

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Sri Lankan corporations reap large profits as workers and rural toilers face poverty and starvation - WSWS

Socialism, like Christianity, is a faith that lives in waiting. I think of all the enslaved people and abolitionists who lived and worked for a future of liberation, and yet died long before that liberation ever came. Millions of us have dreamed of a bright tomorrow that is yet to come. And when were honest with ourselves, when were not out trying to inspire others, we can admit that tomorrow is still many nights away.

This is the Waiting Place.

for people just waiting.Waiting for a train to goor a bus to come, or a plane to goor the mail to come, or the rain to goor the phone to ring, or the snow to snowor the waiting around for a Yes or Noor waiting for their hair to grow.Everyone is just waiting.Waiting for the fish to biteor waiting for the wind to fly a kiteor waiting around for Friday nightor waiting, perhaps, for their Uncle Jakeor a pot to boil, or a Better Breakor a string of pearls, or a pair of pantsor a wig with curls, or Another Chance.Everyone is just waiting.

from Oh the Places Youll Go by Dr. Seuss

When I joined the Democratic Socialists of America in 2017, just after Trump entered office, times were dark. But it really did seem like a brighter future was just around the corner. We still had Bernie. And even after Bernie lost, there were the uprisings in the summer of 2020, when we watched the people burn down a police station, and marchedBlack and whitein every state. In the streets, we sometimes felt like we were as powerful as we would need to be. It turns out we werent.

It turns out that the Right will almost certainly ascend in the midterm elections, and the Democrats are once again poised to lose the presidency. DSAs membership has stopped growing for the last several months. Sunrise Movement co-founder William Lawrence writes that the organization was founded on the idea that there would be a window of federal opportunity to combat climate change in 2021; that window has closed for the moment. From the vantage of March 2022, white Christian nationalism looks more viable than multiracial social democracy in this decade.

I think about a sermon my friend Liz Smith gave about Advent and the waiting place in the Christian liturgical tradition. Advent in the dark weeks of winter is a kind of waiting. Waiting for Jesus to be born. And yet by April hell be killed again. And then were set for another year of waiting.

This is a little like the cycles of campaigns. A thing is born. We roar into the world like lions. And maybe we even win something. We celebrate. But then the energy is gone and we get ready to birth something and watch it die all over again.

In these moments, I am grateful for the movement elders, the old socialists who lived through the rise and fall of the New Left, who endured neoliberalization and Reagan, who survived AIDS (but whose comrades did not). And all that time, they kept the flame alive so that a bunch of us, fresh and arrogant, could make the world bloom in roses again for a time.

It is no surprise to me, therefore, that in the Americas, many of the fights for liberation have not taken the form of class-conscious movements, but rather, of religious rebellions (see Cedric Robinsons Black Marxism: The Making of the Black Radical Tradition). From the prophecies of Tecumseh, to the slave conspiracies of Haiti fueled by African spirituality that survived the crossing, to the Black Christianity that undergirded the general strike of the slaves and the Civil Rights Movementthe defining American uprisings were founded on a spiritual logic. At its best, the confidence in theory that inspired the certainty of orthodox Marxism merely emulated the conviction of the faithful in the coming of justice.

It is a measure of this magic which seems, at times, to be missing from the version of the Left typified by DSA. The mainstream orientation of DSA was both a product of Occupy Wall Street, and a critique of it. We saw the birth and death of that movement, and thought that if we had enough structure and rigorousness, that we could build something that could not die.

This is why it is so important for us to study thinkers like adrienne maree brown. Like DSA, browns writing exists as both a product and a critique of Occupy. But where we moved to embrace order, brown took a different approach. She embraced the cycle of life and death of movements, likening the process to the renewals of cycles in nature:

Transformation doesnt happen in a linear way, at least not one we can always track. It happens in cycles, convergences, explosions. If we release the framework of failure, we can realize that we are in iterative cycles, and we can keep asking ourselveshow do I learn from this?

Abandoning the language of failure, a movement that decays is like an organism returning to the soil, leaving a residue in it that can lead to new growth in the spring. browns is a theory that embraces the logic of spirituality, and places sometimes ineffable wisdom at the center of strategy. Viewed from this perspective, perhaps pieces, chapters and formations of the movement are dying, or perhaps it is more accurate to say, they are entering winter and awaiting their next rebirth.

These lessons in resiliency are beginning to spread. Pete Davis book Dedicated: The Case for Commitment in an Age of Infinite Browsing is a meditation on what he calls long-haul heroism. He celebrates, especially in organizing, the feats accomplished by people who simply kept at it. People who put in the spadework of years, of a hundred meetings, and not just the heroic moments of climactic confrontation:

The heroes of the Counterculture of Commitment, long-haul heroesthrough day-in, day-out, year-in, year-out workbecome the dramatic events themselves. The dragons that stand in their way are the everyday boredom and distraction and uncertainty that threaten sustained commitment. And their big moments look a lot less like sword-waving and a lot more like gardening.

Its this kind of work to which we must turn our attention. We must be profoundly gentle with each other, we must be diligent, humble and patient. We must fight with fervor against burnout, and invest in the strategies that will allow people to continue to fight for socialism over the very long term. That might mean prioritizing fewer campaigns over a longer time period, embedding ourselves in community institutions through many years of consistently showing up, and most of all, developing a culture where consistency, kindness and humility are the signs of militancy, rather than urgency, abrasiveness and certainty.

More than once this week, I have had to revive a comrade whose spirit was crushed under the weight of waiting. Ive turned to this poem, born of a spiritual tradition, which was written to commemorate the assassination of the Socialist Salvadoran priest scar Romero in 1980:

It helps, now and then, to step back and take a long view.The Kingdom is not only beyond our efforts,it is even beyond our vision.We accomplish in our lifetime only a tiny fractionof the magnificent enterprise that is Gods work.Nothing we do is complete,which is a way of saying that the Kingdom always lies beyond us.No statement says all that could be said.No prayer fully expresses our faith.No confession brings perfection.No pastoral visit brings wholeness.No program accomplishes the Churchs mission.No set of goals and objectives includes everything.This is what we are about.We plant the seeds that one day will grow.We water seeds already planted,knowing that they hold future promise.We lay foundations that will need further development.We provide yeast that produces effects far beyond our capabilities.We cannot do everything,and there is a sense of liberation in realizing that.This enables us to do something,and to do it very well.It may be incomplete, but it is a beginning, a step along the way,We may never see the end results,but that is the difference between the master builder and the worker.We are workers, not master builders;ministers, not messiahs.We are prophets of a future that is not our own.

We may have to wait before the time is right to win a revolution, but it will be an active waiting, a time spent making the path ready, training up the next generation, and winning immediate fights to survive until our time comes.

Photo byKlara KulikovaonUnsplash.

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Keeping the Faith: Socialism in the Waiting Place Current Affairs - Current Affairs

Back in1987,Worldmagazinepublished an article by veteran journalist Garry John Moes that asked, Is there a connection between Socialist doctrine and the homosexual rights movement?

That striking lead disturbed me. While the article presented clear evidence that there is, in fact, such a connection, it didnt answer a corollary question:Whyis there a connection between homosexuality and socialism?

Why, for instance, did Plato endorse both socialism and homosexuality? Why, today, are many homosexuals and others in the LGBTQIA+ movements also socialists?

Back then I set out to answer that question inanother article inWorldtitled Denial of Distinction: Socialisms Roots and Sexual Deviance. Its lessons are even more relevant today than they were 35 years ago.

We find the key to an answer to my question in Isaiah 5. There, Isaiah wrote of God and His people Israel, My well-beloved had a vineyard on a fertile hill. And He dug it all around, removed its stones, and planted it with the choicest vine. And He built a tower in the middle of it and hewed out a wine vat in it; then He expected it to produce good grapes. But it produced only worthless ones.

Then God Himself took over and said of His vineyard, So now let Me tell you what I am going to do to My vineyard: I willremove its hedgeand it will be consumed; I willbreak down its walland it will become trampled ground.

Next began a long series of woes: Woe to those who add house to house and join field to field, until there is no more room Woe to those who rise early in the morning that they may pursue strong drink; Woe to those who drag iniquity with the cords of falsehood, and sin as if with cart ropes, climaxing in these two great woes: Woe to those who call evil good, and good evil; who substitute darkness for light and light for darkness; who substitute bitter for sweet, and sweet for bitter! Woe to those who are wise in their own eyes, and clever in their own sight!

A fundamental biblical doctrine revealed here is that there are real, abiding, basicdistinctionsin this world. Some religions Hinduism and Buddhism, animism and spiritism believe that all is fundamentally one, that there are no distinctions at the root of reality. Not Biblical Christianity. For the Bible, one is not two; evil is not good; light is not darkness; bitter is not sweet.

When Gods vineyard becomes indistinguishable from the wild vines around it, He tears down its hedge or wall. He will not permit a false distinction to remain. That is why God insists that evil and good, light and darkness, sweet and bitter not be confused with each other.

To those who deny such distinctions who say that the Church can be like the world, who obscure the distinction between good and evil to them, God says, Woe to those who are wise in their own eyes, and clever in their own sight! As if to say, They may be wise in their own eyes, but not in Mine. I am the Judge before whom they must stand. They may overlook distinctions, but I will not!

What joins socialism with homosexuality and all forms of sexual perversion? They all run against, consciously or subconsciously, of the biblical doctrine of fundamental distinctions.

Biblical thinking recognizes a distinction between Church and world. The church is Gods private property, a people for Gods own possession (1 Peter 2:9), and it has a hedge or wall of doctrines and ethics built around it to distinguish it from the world. It must not do what the world does, but must performGodsjudgments and statutes, in which it finds life (Leviticus 18:3-5).

Just as the Bible insists that God has property in the Church, so it insists in the commandment, Thou shalt not steal, that people have property that must be distinguished from everyone elses property. Socialism denies that distinction, claiming that everything belongs to everyone. In so doing, it breaks down a wall of distinction by which God orders reality, and to avoid chaos it reverts to another kind of order: totalitarianism. The Bible also insists that property is a just reward for work, not to be divided equally among all people regardless of their contribution to its production (Luke 19:1226; 2 Thessalonians 3:10). Again, socialism denies this fundamental distinction, insisting on an impossible equality of economic condition.

What of sexuality? The Bible insists that God made man male and female, and that the distinction must be upheld. Neither adultery (Deuteronomy 22:22), nor fornication (Deuteronomy 22:23-29), nor transvestism (Deuteronomy 22:5), nor homosexuality (Leviticus 18:22), nor bestiality (Leviticus 18:23), let alone transgenderism, may be condoned among the people of God. Adultery and fornication, polygamy and polyandry and polyamorism, deny the distinction between ones spouse and all other members of the opposite sex. Homosexuality, and transgenderism deny the distinction between male and female. Bestiality, with its religious roots in polytheistic evolutionary doctrines of the origin of the world and mankind, denies the distinction between human beings and animals.

Socialism and all forms of sexual perversion have this in common: they attack fundamental distinctions God has built into creation. Where they come into closest ideological contact is in denying theexclusivityof certain relationships. Socialism denies the exclusivity of property as belonging to one person or family and not to others. Sexual perversion denies the exclusivity of sexual relations to marriage between one male and one female.

Distinctionsarefundamental to biblical thought: distinctions of order and chaos, light and darkness, good and evil, animal and human, female and male, saved and damned, Church and world, holy and unholy. So are distinctions of work and sloth, individual and community, private and communal property, freedom and slavery, lawfulness and unlawfulness, variety and uniformity.

Each in its own way socialism and sexual perversion denies such distinctions. They rebel against the fundamental orders of Gods creation. They must not be countenanced among Gods people now, any more than 35 years ago.

E. Calvin Beisner, Ph.D., is Founder and National Spokesman ofThe Cornwall Alliance for the Stewardship of Creationand author of over a dozen books on Christian theology, ethics, and economics.

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Denying the binary: Why socialism and sexual perversion go hand in hand - The Christian Post

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Socialism and species extinction - Socialist Worker

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Bernie Sanders famously said that "real" socialism has never been tried. Frankly, we're shocked he would ever suggest such a thing because there are numerous examples of real socialist utopias that we have to pull from.

Here are just a few:

1) Star Trek's Federation of Planets: There's no money, but people still work for some reason. Workers of the world, set your phasers to Social Contract!

2) The Borg Collective: Like a more efficient Federation that tears through freedom-loving planets and subjects them to the will of the collective.

3) In the wonderful dream AOC had last night: Elon Musk even made an appearance.

4) In John Lennon's "Imagine": Everything works perfectly when you imagine it! Even marriage to Yoko Ono.

5) Smurf Village: Cheerful workers in a heavily regulated population. Just like China.

6) In Bernie Sander's serial fanfic: He's been writing Social Thunder for three years now. It's a big hit on his Substack.

7) A beaver dam: Everyone chips in or they all die.

8)The nuclear family: Too bad the nuclear family is RACIST.

9) An ant farm:It worked great until a kid came and shook it up.

10)Whatever South American country Che Guevara ruled:We'resure socialism worked there, otherwise people wouldn't still be wearing the shirt

You see! Socialism is alive and well today. You only have to open yourself up to the imaginary world behind you and seize the means of production for the proletariat!

NOT SATIRE: This is clearly a jokeyou and I know that socialism doesnt work. But kids are being told the opposite every day by their teachers and in the books they are given at school.

You are right to be angry about it. Now, lets do something about it.I wrote a series of books that help kids understand that socialism and communism have always failed and why freedom is so important. These booksthe Tuttle Twins serieshelp teach kids about the government, economics, liberty, and much more.

Heres where I need your helpI want to distribute Tuttle Twins books to school classrooms and libraries, so when a teacher shows up ready to champion socialism, the kids in her class can discover that history has proven her wrong over and over again.

Will you help us send Tuttle Twins books to more schools before the new school year begins? It costs roughly $10 to distribute one book to a school. If you can give today, well do our best to get one in a school in your local area.

Click here to help us distribute more copies of the Tuttle Twins books to schools across the country, with your tax-deductible gift of $10, $50, $100, $500, or even more.

Thank you,

Connor BoyackAuthor, Tuttle TwinsFounder, Libertas Institute

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10 Times Socialism Actually Worked - The Babylon Bee