In a report published recently by the TUC it states that those earning around the median income have seen a lower increase in their standard of living than higher earners.TUC General Secretary Brendan Barber says: “Those on middle incomes got left behind under the Conservatives, were left out of Labour’s boom that has now ended in recession, and are now fearing for their jobs and homes as unemployment bites.
“No wonder there is so much anger at a political system that has seen the super-rich soar away, while too many MPs look to be more interested in joining the wealthy rather than standing up to them.”
Despite being in a boom for the last decade it is the super wealthy that have prospered and taken the vast majority of generated wealth from these years which is highlighted by the fact that the top 25% of the UK population own around 75% of total UK wealth.
This report has highlighted the fact that under Capitalism wealth creation doesn’t mean more for all but rather more for the few who manipulate the system and maintain the status quo ensuring the rich get richer and everyone else runs after the carrot that is the capitalist dream.
No comments:
Post a Comment