Posts Tagged ‘Inequality’

Things Labour needs to do to beat UKIP #2: raise pay and cap the cost of living

by Jon Lansman.

Whilst Ed Balls stuck stubbornly to accepting that the economy was now growing rather than “flatlining“, with his disastrous conclusion that you couldn’t fund spending by borrowing in the up-swing, Ed Miliband was absolutely right last year to focus on the cost of living. “The first and last test of economic policy is whether living standards for […]

Labour needs a shadow Minister specifically to tackle inequality

by Michael Meacher.

The gravy train rolls on reaching ever more sickening heights of greed, selfish gratification and disregard for the ever deeper miasma of poverty that disfigures our country. The latest figures show that the richest 10% of the UK population, who already owned 52% of UK wealth just before the 2008 crash, have become significantly richer […]

Tories now wide open to attack: when is Labour going to exocet them?

by Michael Meacher.

Even on their own terms the Tories are now exposed to assault on several grounds. Cameron threw down the gauntlet by asking: Who do you trust? Labour should pick it up. Large majorities in the electorate think the Tories are the party of the rich, not for them; witness the tax cuts for millionaires and […]

The Tory party’s 15% strategy

by Phil Burton-Cartledge.

Thankfully conference speeches don’t win general elections. There is no denying that Dave’s final performance at the Tory party’s annual gathering was masterful. It oozed the prime ministerial, that much exalted but seldom-attained quality. His speech was passionate, confident, coherent. Apart from an untimely Freudian (“… these are the people we resent“), Dave acted the […]

FTSE-100 CEOs now on average paid 143 times more than their staff

by Michael Meacher.

The inequality between business leaders and their workforce has now reached an all-time high. According to the pay consultancy Manifest/MM&K, the typical FTSE-100 chief executive is now paid £4.7 million a year (over £90,000 a week), whilst the typical FTSE-100 employee gets 143 times less. This is the average position, which means there is a […]

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 […]

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