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| We are not all in it together |
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| Written by Gordon Prentice | |||
| Wednesday, 06 October 2010 17:42 | |||
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I tune in to watch the Prime Minister at the Conservative Conference in Birmingham to be told, yet again, that we are all in it together. Sooner rather than later this line is going to wear a bit thin. Cameron complains about his poisonous inheritance from Labour. A mountain of debt has to be paid off. And quickly. He points to crushing levels of interest payments just to service the debt – not to bring it down. I remember Broon deploying exactly the same arguments when Labour was in opposition from 1992-97. Personally, I would have preferred to see Cameron taking aim at the real villains of the piece. The bankers and the tax cheats. They are re-emerging from under slimy stones and going back to their bad old ways. In his first speech as Prime Minister to the Conservative faithful, Cameron glides past the events of 2008, unprecedented in living memory, when global capitalism was in complete meltdown. That near death experience in 2008 should have been the trigger for far reaching reforms to make Britain a much fairer place. Instead, the anger people felt about the spivs and the gamblers in the financial sector is in danger of dissipating. Elsewhere… I see in today’s Guardian that the US tycoon, Donald Trump, is thinking of running for President of the United States, the country where the contagion started and where the wealthiest 1 per cent of Americans pocket nearly one quarter of the country’s income. Barrie McKenna, writing in Canada’s Globe and Mail, claims: “They (the wealthiest 1%) also control as much as half of total wealth, including property, bank accounts, investments, art and the like. And their share of the pie has roughly doubled in the past four decades.” The wealth gap in America won't be closing anytime soon. Trump understands that. Time the rest of America did.
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| Last Updated on Thursday, 07 October 2010 05:44 |






