The bosses’ Financial Times newspaper’s How To Spend It supplement rushed out a special "bonus issue" this week, in a timely bid to celebrate the wealth of bankers and other City high flyers.
Pensions
More than seven million people with pension schemes have lost an average of £20,000 this year. This is because their schemes are linked to the stock market.
Hundreds of students and activists are marching on the Bank of England at 4pm today to protest against the massive bailouts financial institutions have received.
The crisis ripping through financial markets means that thousands of people are asking whether there is an alternative to the current system – and what that alternative might be.
An intractable economic crisis. A discredited Labour government. A pervasive sense of bitterness, anger and fear across the working class. It’s no wonder that many commentators are comparing current events with those of the late 1970s.
This week our front page declares "capitalism isn’t working" – a subversion of the Tories’ 1979 "Labour isn’t working" election poster that reflected anger at growing unemployment.
