Writing's a fight and this boy needs a battle
In US news from The Guardian, Democratic congresswoman Katie Porter grills JP Morgan’s billionaire CEO, Jamie Dimon, on the real-world consequences his bank’s low wages.
It’s as if JP Morgan’s billionaire CEO and those like him are from another species. They’re so removed from the real world, so starved of oxygen, they’ve gone blind to any hardship.
The key point of interest comes at the end of Tony Dobbins’ article in The Conversation. “The UK is increasingly now a low-tax, deregulated, market economy. Unless these causes of low pay are targeted by radically alternative policies, income inequalities will persist.”
As my mum likes to say “the rich will get richer, and the poor will get poorer”.
It feels to me like the whole world is heading backwards. If we’re not already there, we’re heading for Victorian levels of inequality, eating our own tail, blindly making the mistakes of the past. We can’t see it or do anything about it, because we’re too busy trying to survive, and I’d argue that’s all deliberate.
We need to look up, look around and look back, we need to learn.
Just let that headline sink in for a moment. “The richest people in the UK have increased their wealth by 183% in 10 years.”
183%. One hundred and eighty-three per cent. Combined wealth in 2009 was £256 billion. Combined wealth in 2018 is £724 billion. Seven hundred and twenty four billion pounds.
They’ve made £468 billion in the ten years we have seen Nurses using food banks. They have made £468 million each in the ten years we have seen disabled people taking their own lives because their benefits have been cut. They made almost £47 million a year each in the ten years that has seen assaults involving a sharp instrument rise 15%.
How has that been allowed to happen?
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