EXTRACT: Here then is the penny-pinching future envisaged for us by Lord Hutton and the coalition government. A bleak future motivated by the transparent desire to make the workers pay the price, quite literally, for the ‘credit crunch’ and the global economic crisis - a crisis produced by the dysfunctional capitalist system, not an over-generous pensions system or workers’ longevity. Even Lord Hutton’s own report hints at the truth. It features an analysis based on statistics produced by government’s actuarial department - examining the cost of public sector pensions as a slice of overall GDP. And, yes, that figure has spiked up to nearly 2% and will stay there for the next few years. But then it slumps back down, to the extent that from the 2030s onwards - if present demographic trends continue - that cost will be below what it is today as a proportion of GDP, once the ‘baby boomers’ have retired over the next decade or so.
In other words, talk of the supposedly catastrophic pensions ‘crisis’ we hear so much about from the establishment is motivated by pure class interest, designed to get the bourgeoisie and the bosses out of a hole at our expense. Hence the onslaught on pension rights, terms and conditions. With Lord Hutton brought into the coalition government’s big tent to act as a political fig-leaf, attempting to lend spurious ‘progressive’ legitimacy to these vicious attacks.
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2 comments:
Kick em all out and replace them with estate agents.
Hasn't that already happened? (hey, pretty nice blogs you've got there!).
Regards,
DANNY
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