Tuesday, 27 May 2008

Credit crunch? Not for the fat cats

I was interested to read a Guardian report yesterday on City 'workers'. Apparently £13.2bn in bonuses have been handed out so far this year! No credit crunch for them then. How long can we continue to put up with this abuse? These people are rewarded out of all proportion to any useful role they may play in society. That money could be put to a good use rebuilding schools, or dealing with the growing problems created by the shortage of housing in the UK.

Even the director general of the CBI made critical comments about the bonus culture. What useful purpose do these people serve? - none at all. But in an economic system driven by greed this kind of madness is apparently acceptable. What is most depressing about this situation is that we no there is no chance of a Labour government doing anything about it.

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