dgp4indy

Economics/Finance

Billionaires Don't Add Up

"In short, billionaires indicate by their very existence that the market isn’t working. That democracy is deficient. That the economy is failing. That money is flowing upwards. And that billionaires aren’t working. They are never ‘wealth creators’ and always wealth extractors. They work to their own advantage and to the disadvantage of the rest of us. That’s not Marxism or Trotskyism. It’s logic. If we had somehow designed a system of water supply to deliver a few thousand times the normal quantity of water to just 100 odd domestic locations in the country we would probably consider carefully whether the original design was in fact, correct. Why doesn’t Emma Barnett – or, indeed anyone else at the BBC – ever think similarly about the economy?"
http://www.progressivepulse.org

Low Paid Employment Falling Fastest In Scotland To Lowest In UK

"In 2019, 8.7% of employee jobs in London were low-paid, compared with an average of 16.2% in the rest of the UK (Figure 1). Similarly, London had a higher proportion of high-paid jobs compared with the rest of the UK (42.5% compared with an average of 25.4%, respectively). The country with the lowest proportion of low-paid employee jobs was Scotland with 14.5%. In Wales, the proportion was 19.1% and in Northern Ireland it was 21.1%."
https://talkingupscotlandtwo.com

Banking For The Common Good

"A new report from the Common Weal think tank by Dr Gemma Bone Dodds - author of Common Weal's 2016 policy paper Banking for the Common Good - sets out a costed proposal for reopening bank branches across Scotland by starting a national bank mutually owned by its customers. This bank would provide a full range of banking services but rather than focussing on shareholder profit would instead focus on quality of service and in particular restoring bank branches to communities which have lost them. You can download the policy paper here."
https://www.commonspace.scot