Posts Tagged ‘Inequality’

Why isn’t Labour making more of Bank of England & IMF calls for greater equality?

by Michael Meacher.

It is remarkable that Mark Carney in his ‘Inclusive Capitalism’ speech of 27 May remarked that all the research shows that “relative equality is good for growth”. It is not an original idea since Christine Lagarde, as well as the Pope, have both made similar comments. So if even the Right from both the BoE […]

What’s wrong with striking for £1 an hour when richest 1,000 double wealth by £20bn?

by Michael Meacher.

No-one wants to strike, least of all the strikers who lose wages they can ill afford, but what do you do when public sector workers’ pay has been cut in real terms by 8% in the last 6 years and the employers flatly refuse to offer a very modest pay rise to at least try […]

Inequality and British Capitalism

by Phil Burton-Cartledge.

As we saw the other day, inequality has become so pathological that capitalism could seize up. When lucrative markets are locked down, when governments bow and scrape to big business, when social mobility is choked off, and the unobtainable opulence of the vanishingly few is crassly paraded in front of the many, capitalism is going […]

Pitchforks and inequality

by Phil Burton-Cartledge.

This “memo” from Nick Hanauer to his fellow billionaires is an absolute must-read. Couched in straight forward language, he’s basically saying to his class that not enough people have a stake in the system any more and this will pose them an existential threat unless inequality is sorted out. Here’s a snippet:

Inequality cannot be remedied without trade unions

by Michael Meacher.

Since 1979, when trade unions numbered 13.5 million members, trade union numbers have halved and the inequality ratio between top and bottom has trebled or even quadrupled. This is no coincidence. Thatcher’s 6 anti-trade laws were designed to incapacitate union influence by hobbling their ability to recruit and organise effectively. The destruction of the nationalised […]

The poor in Britain are among worst-off in Western Europe

by Michael Meacher.

Osborne’s austerity is not only unnecessary and gratuitously cruel in punishing the poor for the sins of ultra-rich bankers, but it has now emerged has hit the poorest in Britain far harder than in any comparable state in the European Union. hat has now been revealed from OECD data is that poor people in the […]

The Coalition’s Last Stand

by Grahame Morris.

Dennis Skinner summed up the country’s mood when he declared the recent Queen’s speech to be the “Coalition’s last stand.” The Government set out their agenda for the next 12 months leading up to the general election. It was a missed opportunity, lacking the ideas, policy and ambition that is required to meet the challenges we face, […]

Miliband’s linking minimum wage to earnings could benefit up to 5m low-paid

by Michael Meacher.

Low pay in Britain is scandalous, and it has got considerably lower since 2010. Low pay is conventionally defined as the number of workers paid less than the Living Wage of £7.45 per hour outside London and £8.80 in London, and on that basis workers on low pay have increased by almost 2 millions since […]

The richest 1,000 in UK double their wealth since crash while average incomes drop 6%

by Michael Meacher.

In the last year, according to the Sunday Times Rich List tracking of Britain’s ultra-rich, the richest 1,000 persons in Britain increased their personal wealth last year by no less than £70bn. That means each has gained on average £70 millions in this last year. Over the 5 years now since the crash, it is […]

Cable still doesn’t get the extent of corporate greed

by Michael Meacher.

Vince Cable, to give him credit, is the one member of the Cabinet who is seriously concerned about pay extremism in the boardroom. The rest are seriously in favour of it. But the measures he has so far put in place, albeit harried at every turn by the Tory Right, will achieve little. He has […]

© 2014 Left Futures | Powered by WordPress | theme originated from PrimePress by Ravi Varma