Cameron’s move on fat cats’ pay is just showbiz

First Cameron’s grandstanding: “We need to try give people a sense that we have a vision at the end of this of a fairer, better economy”.

Then the idea: stop top people handing out hugely inflated salaries + bonuses + incentives + shares + share options to each other.

Then the awareness that what has prompted this sudden gush of concern is small businesses “furious with these rewards at the top for people who aren’t taking the sort of risks they’re having to take”, not the anger of the population at large who throughout the last two decades have been furious at a grossly unjust system. Continue reading →

Some basic demands the left must start to make

Ever since the inception of New Labour, the left in Britain has been characterised by timidity when faced with an electorate ready to embrace change. The reluctance to break with a right-wing status quo has not been confined solely to the British labour movement either, but has become a commonplace right across the contemporary European left. This is at least partly why on the back of the biggest crisis of capitalism since the 1930s the left is in the doldrums almost everywhere, despite the fact that it was the failure of right-wing orthodoxy that got us into the mess we find ourselves in today. Continue reading →

#OccupyLSX is a peaceful protest and deserves a hearing

This has been a peaceful protest, and it should be approached on that basis. City Hall has a duty to accommodate those who wish to protest in London and ensure their safety whilst ensuring the London does not grind to a halt. No one wants or expects there to be permanent camps – all protests have a beginning and an end – but the scale of the problems ordinary people are facing mean these international protests are inevitably not yet over. Continue reading →

Labour – winning as the party of the bottom 99%

The occupy movements across the world have already succeeded in focussing the debate on the huge disparities between the very wealthy and the “bottom 99%”.

This slogan mainly reflects the immediate anger felt across society to how a crisis that originated in the financial sector is now driving down the majority’s living standards, through the forcing down of real wages and slashing of public services, whilst the profits of  the elite appear unaffected. Continue reading →

We shouldn’t cut taxes for the rich – we should raise them

Yesterday, we learned that right-wing economists don’t like progressive taxation. Not a bombshell, you would think: but a letter signed by 20 economists (£) calling for the 50p tax band to be scrapped was deemed important enough to be the BBC’s main news story. If you’re wondering who’s behind this initiative, it’s being funded by big business using the PR firm Westbourne. This is a blatant attempt by the rich and powerful to soften up public opinion into supporting their selfish economic interests. It’s an old trick of the wealthy to conflate their interests with those of society as a whole. Continue reading →