Link to this page: http://www.socialistparty.org.uk/issue/928/24071
Them & Us
Bank warns bosses
The head of the Bank of England says "globalisation is associated with low wages, insecure employment" and "staggering wealth inequalities."
Mark Carney made the warning in a speech at Liverpool John Moores University. Carney is highly qualified to comment, as the recipient of an £879,000 annual pay package. He also travels the world in luxury on public money.
Meanwhile, six million workers earn less than a living wage, and seven million are in precarious employment.
Carney went on to warn that "turning our backs on open markets would be a tragedy, but it is a possibility." His solution? Well, it includes making multinational corporations "pay tax somewhere."
How about nationalising them - so society, instead of the super-rich, can control what their workers produce? No?
Well, never mind. The Socialist has no doubt corporations have every intention of allowing the politicians they fund to tax them.
A Tesco in Edinburgh allegedly makes state school students queue while private students can walk straight in.
The father of a state school student accused the Bruntsfield branch of Tesco Metro of the weird discriminatory practice.
Boroughmuir High School students apparently have to wait outside. Meanwhile, the red-blazered students of £11,577-a-year George Watson's College can jump the queue.
The Socialist wonders if local managers are trying to turn their store into some heavy-handed allegory for capitalist society in general. Either way, they should just stop.
In The Socialist 7 December 2016:
What we think
Socialist Party news and analysis
Food banks feature
NHS crisis and fightback
International socialist news and analysis
Socialist Party workplace news
Socialist Party reports and campaigns
John Sharpe: 1953-2016