‘My brief visits to pawnshops are by no means a scientific study, but they do provide a glimpse of the tragedies inflicted by years of maldistribution of income and wealth, poverty, inequalities and obsession of privatisation which has left many teetering on the edge.’
“We need to democratise corporations and have effective accountability embedded in law to secure equitable distribution of income.”
‘The UK has serious problems of skills and low productivity, but they require policies. The idiotic worker-bashing comments by Liz Truss make headlines but offer no analysis of the problems or durable solutions.’
The lessons for workers are clear. Join a trade union, show solidarity with fellow workers and vote for a political party that will enhance market and political power of labour.
Private equity is a key part of shadow banking and has been buying-up many businesses. What private equity entails is private equity firms using funds raised from institutional investors to acquire and engage in buyouts of businesses.
‘Millions of Brits face the choice of living in a cold home, going without food and other essentials, not paying bills, and getting even deeper into debt. There is a strong prospect of riots and social disorder.’
The 25% tax is only on selected profits of oil and gas companies, mainly North Sea profits of what the legislation calls “ring fence trade”.
‘The government claims that wage rises are inflationary and that it can’t afford to pay. Such claims lack substance.’
‘They are part of a growing international movement, perhaps a new kind of Cadbury and Quaker capitalism with a social conscience’
Through wage freezes and cuts, the government is waging class war on workers
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