Archive

Month: December 2021

Labour should not back another Job Furlough

The policy is uniquely flawed, with multiple faults. Of course, if government throws over £60 billion of subsidies to a minority of firms and workers, that will be popular with the recipients. But a scheme should be judged by what it does for the many, not the few, and for its opportunity cost.

Stewart Lansley – Why luxury capitalism is the enemy of social progress

The ‘great widening’ of the last four decades – with the gains from growth increasingly colonised by the few – has had severe economic and social consequences. Intense concentrations of wealth have brought the return of ‘luxury capitalism’, with – as in the nineteenth century – the pattern of economic activity skewed by an over-rich and over-powered class, and resources deflected to meeting their demands.

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