Thursday 23 November 2017

Gene Kerrigan: We pay while rich are recession-proofed

Privilege is protected and lower orders pay the price in lost income and jobs, writes Gene Kerrigan

From the start, this column made two predictions (and let's immediately abandon all modesty and state that we were damn right, unfortunately). We believed this global economic nervous breakdown was going to play out just one way -- logic had nothing to do with it, much less fairness.

It's time to say we told you so.

Prediction One was that the primary aim of the political, business, professional and academic elite would be to preserve their own privilege. They would have to be seen to make some contribution, but the structural inequalities must be defended -- even if this threatens any chance of a recovery.

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