@JoshuaLauri @TheBubbleBubble Wages have declined in #UK over past 3 decades in real terms & credit has filled gap. System now broken.
Instead of demanding our fair share of the profits the working poor made up declining wages & benefits with irresponsible borrowing. Meanwhile the rich got richer.
As a member of a #LaborUnion and a #UnionSteward for many years I saw our Union begin to #cower, #conform and #complywith Corporate insistence that workers take less wages and benefits. As a Union Steward I warned against the coming degradation of worker labor and our Local Union turned a blind eye.
It was obscene and despicable what was done yet the rank and file convinced by our Union Leaders that this was inevitable gave in. The Union that gave us the weekend, holiday pay, the eight hour work day, the forty hour week was gone.
I warned that the factory would be doomed as the Unions in the USA had folded their hands and left us to the mercy of the rich.
When the Corporation announced they were closing the factory in six months then suddenly the Union wanted to picket. Well when they asked me I told them to go fuck themselves. It was too late. The deed was done, our fate sealed. We have a chance right up until they announced the factory was closing. Yet only as a desperate last ditch effort did the Local Union seems to regain it's backbone. Or perhaps picketing was no longer a Corporate threat and it looked good on paper.
We went down swinging so it would appear. The truth of the matter our Local Union had been down on it's knees kissing Corporate ass for years.
My father and my grandfather were Union men and I was proud to be working at a Union Factory and a Union member until everything changed when Unions allowed #POTUS #RonaldReagan destroy us.
The along can a so called #Democrat to destroy #GlassSteagall which allowed the #Bankers and #FinancialInstitutions to gamble with our savings. Then when the Bankers and Monied Interests lost we bailed them out. The working class took the burden of their failures while they continue to gamble with our money and live in mansion, drive expensive cars and send their children to the best schools.
It's easy to stay rich when the poor pay your bills. They then have the gall to claim we're the ones on #Welfare! Oh and don't forget on top of all the bailouts they're also keeping their massive offshore accounts and unearned tax breaks at home!!!
And it should surprise no one that in 2014 mid-elections TGOP conservatives will win elections and be re-elected.
Next time you think the rich are a bunch of fools think of 2008 and who bailed out who. Take a drive through the rich neighborhood of your city. They're doing very well. Their children aren't doing without. They got your money to spend. And your tax breaks too.