Why oh why oh why has everyone forgotten about Universal Credit and pensions and minimum wage?
The whole discussion seems to determined to obey the right wing demand for silence about this.
Here's a lengthy twitter thread about the crisis. It's by Torsten Bell, who is Chief Exec of the Resolution Foundation. The Resolution Foundation is a centrist/moderate think tank that focuses on the problems of low pay and benefits and the economics of the minimum wage.
Number of times it mentions raising Universal Credit: zero
Number of times it mentions raising pensions: zero
Number of times it mentions raising minimum wage: zero
Number of times it mentions raising public sector pay: zero
https://twitter.com/TorstenBell/status/ ... 0452035586
Remember a few months back when the Bank of England governor said us plebs shouldn't demand a pay rise, for the good of the country? These capitalist elites have basically won. Somehow they've spread a veil of silence.
The true left-wing answer, that progressives should always place front and centre, is that we need to shift the capital-labour ratio back towards labour. Reverse 40 years of the relentless capture of wealth by the top, by getting real wage increases for the masses. I'm not shocked that the 1% is desperate to block all thoughts of it, by encouraging the discussion to focus on an isolated bail-out instead. I am shocked that the Labour Party and twitter-lefties and progressive thinkers have been fooled.