I keep mouthing off
about the financial Mafia driving us back to the deprivation of the
Victorian era in their attempt at creating a European sweatshop
economy, well we are half way there. The figures from a newly
published study from the High Pay Centre makes for some interesting
reading. Its conclusions are that the UK has returned to the pay
inequalities that have not been seen since the 1930's. While we, the
ordinary people have seen our incomes shrivel, the top 1% have seen
their share of the national income more than double since 1979, they
now claim 14.5% of the national income. The national average wage in
the UK sits at £20,500, while the 26,000 top earning parasites of
this country receive more than that in a month after tax, taking home
a tidy sum of at least £21,500 a month. Of course average earnings
can be misleading, we have approximately 6.75 million people in the
UK earning less than £800 a month. Think of the difference in your standard of living, £800 a month or £21,500 a month, how do you justify that disparity?
At least one rich
retired business man doesn't seem to like this. The Independent on Sunday reported that a certain Sir Mike Darrington, retired CEO of
Greggs, has written to the remuneration boards of all the FTSE 100
companies begging them to show restraint on executive pay, no this is not a joke. Strange
that he should write this letter AFTER he retired and not before.
However I wouldn't hold my breath on a positive response from his
FTSE 100 colleagues.
Of course it is
not just in Europe that this great divide is ever widening, in the US
they have the same pattern, the rich get richer and the poor get
poorer. In that land of the free and opportunity, for the year 2009,
a mere 311 Americans shared between them a staggering $54 trillion,
while 80% of the American population share just 7% of the national
wealth. As for the bottom 40%, well they get by with barely any
wealth at all. Ah well, that's capitalism for you.
If we want to
change this, and what ordinary sane person wouldn't, we will have to
take a very different approach from our Sir Mike Darrington, It is no
use appealing to the charity of a bunch of greedy parasites, we have
to get rid of them. Would the chickens ask the fox to help them?
