Goldman Sachs 

Clearly the point is not yet driven home. The partners at Goldman Sachs have decided to limit their incomes for this year to £1million each. Where it not for our money these people would all be bust. This gratuitous insult to the rest of the working population shows the totally unreal world these people have built for themselves. In a society where there is so much deprivation and where so many go without because of the fantasy world these people built which fell about their ears, where even the poorest among us had to sacrifice to rescue them, nobody, absolutely nobody, should earn more than tenth of that until the economy is restructured and every taxpayer penny is repaid.

We remember the rampant trades unions of the post war period who broke the back of our competitiveness with endless demands for increased pay without increased production. No government had the guts to take them on until a certain lady came to power. Enough is enough she said. And that was that.

Now I have many discomforts about the benefits and consequences of that lady’s long tenure of the keys of Number Ten, but I did see that when the time has come, the time has come. We have to halt this alchemy, stop this hoovering of resources from the poor to the rich, re-structure the economy to create a more socially just and inclusive model and end the dominance of the City of London.

Nationalise the clearing banks, cut the investment or clearing arms off, recall their taxpayer bailout and let them all go bust. Yes it would cost us electronic money in the short term but the profit to the long term wealth of the country would be every bit as great as Thatcher’s creaming of Scargill. The only politician getting near to this is Vince Cable.