Friday, November 10, 2006

The working class getting screwed by the rich

More from the greedy world of corporate capitalism.....

Reading the business section of The Indie ('cos I am a serious political blogger....) I was struck by the piece written by Jeremy Warner about interest rate rises. He argues: "Everthing from house prices to commodities, fine wines, art commercial property and shares have been rising strongly".

In other words inflation is going into assets and the rich are getting, wait for it.... richer. Bankers are getting big bonuses and you can't let them down, can you? What's Gordon Brown's greatest creation? The independent Bank of England, of course. So what does the Bank of England do? Put up interest rates so ordinary working class people have to pay for the excesses of the rich and who do they have to pay it back to...? You guessed it... the bankers.