
Originally Posted by
Troubadour
The plan is for everyone to work 84 hours a week for £5.35 an hour.
I support a 48 hour maximum week, but only if you get a living wage for that 48 hours.
Capitalism is the problem - competition means one thing only - competition to batter the workers wages down to increase profits. All other costs are non-negotiable.
The problem is... Cut workers wages and no one can spend any money because they are all too poor.
So you can only get around it by extending credit...
Extended credit = rising prices for houses - which increases the greed of house sellers - which leads to even more extended credit...
Fractional reserves are increased from 10% to 20% - 30, 40 .... 60%...
Bang!
The bubble bursts...
and here we are.... Trillions in debt.
Yes - I am a MARXIST
NO - I am not apologising - I was right all along