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The Economist shopping list for UK work

I don't always agree with The Economist magazine but it's interesting. It thinks bigger than many of the things you can buy on an average news stand. The current issue has an article about Britain and Marx, which happens to end with a clear and laudable shopping-list of things that our country needs to do to ensure the health of the economy and of worker's conditions. Let me quote:

"The genius of the British system has always been to reform in order to prevent social breakdown. This means doing more than just engaging in silly gestures such as as fixing energy prices, as the Conservatives proposed this week (silly because this will suppress investment and lead eventually to higher prices).

  • "It means preventing monopolies from forming: Britain's antitrust rules need to be updated for an age where information is the most valuable resource and network effects convey huge advantages.
  • "It means ending the CEO salary racket, not least by giving more power to shareholders.
  • "It means thinking seriously about the casualisation of work.
  • "And it means closing the revolving door between politics and business."
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