Link to this page: https://www.socialistparty.org.uk/issue/928/24071
From The Socialist newspaper, 7 December 2016
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.
Tesco toffs
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.
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The coronavirus crisis has laid bare the class character of society in numerous ways. It is making clear to many that it is the working class that keeps society running, not the CEOs of major corporations.
The results of austerity have been graphically demonstrated as public services strain to cope with the crisis.
The government has now ripped up its 'austerity' mantra and turned to policies that not long ago were denounced as socialist. But after the corona crisis, it will try to make the working class pay for it, by trying to claw back what has been given.
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In The Socialist 7 December 2016:
What we think
No more concessions to Labour right!
Socialist Party news and analysis
Conservatives humiliated in Richmond
Newham council to sack up to 1,300
Slump in unfair dismissal cases - scrap tribunal fees!
Workers can fight Uber-style care
Food banks feature
Food banks and the real Daniel Blakes
NHS crisis and fightback
Hundreds protest the decimation of Devon NHS
Massive support in Stoke for action to save the NHS
Health campaigners in Yorkshire protest "slash and trash plans"
International socialist news and analysis
Victory at Standing Rock: US authorities agree to re-route oil pipeline
Spain: Government forced back by Student Union mobilisations
Italy: Establishment routed - workers alternative needed
Portugal: No to witch-hunts - fight the capitalists not socialists
Austria: Far right temporarily halted
Sudan: General strike in defiance of regime
Socialist Party workplace news
Durham TAs force Labour to suspend pay cuts
Protest against Glasgow Labour's scab workforce plan to defeat Unison strike
Crossrail action in defence of victimised union rep
Unison members barely earning the living wage in some universities
Sacked bakers' union rep Kumaran Bose calls for living wage 'protection'
Socialist Party reports and campaigns
Bolton council gives £300k to solicitors while making swingeing cuts
Reading TUSC writes to Labour councillors to demand cuts fight
John Sharpe: 1953-2016
Obituary: John Sharpe: 1953-2016
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