Our economy is rigged in favour of a wealthy elite

John_McDonnell.jpg

Our economy is rigged in favour of a wealthy elite. Labour will put it back in the hands of the many, not the few.

The Canary, in its article, Stunningly good reasons why John McDonnell needs to be our next Chancellor, on Saturday 10 February says:

John McDonnell opened Labour’s Alternative Models of Ownership conference in London on 10 February. And ahead of the speech, he explained how our current economic system is, “rigged in favour of a wealthy elite”. But he offered solutions: a, “new approach”. And he’s shown exactly why he should be our next Chancellor.

Wealthy elite

Our economy is rigged in favour of a wealthy elite. Labour will put it back in the hands of the many, not the few.

John_McDonnell.jpg

View neme/film by clicking on image

As The Canary previously reported, the collapse of Carillion highlighted the dangers of corporate greed. Because as McDonnell said this has:
 
"Exposed the failings of relying on the private sector to deliver our public services. The blinkered obsession with the markets that big business can run everything better." But this, he explained, "is the old way”.
 
New approach
McDonnell proposed a 'new approach' for the economy. He explained that, “Tories bury their head in the sand,” in response to the significant challenges posed by, “increased automation of work and the threat of catastrophic climate change." Read on

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