Them and us fishes, photo Suzanne Beishon

Them and us fishes, photo Suzanne Beishon   (Click to enlarge: opens in new window)

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.