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Anorak | The TUC talks bollocks. Again

The TUC talks bollocks. Again

by | 11th, September 2012

YES, it’s the TUC meeting again so obviously we’re going to have a report out or two that spout bollocks about what’s been happening to the economy. This year’s entry is a doozy though: the most charitable interpretation of it is that the TUC employs economists who really, really do not understand economics.

And no, I don’t mean all this neoliberal stuff about no regulation, or letting banking rip. Nor all tyhis social democracy stuff about redistribution and the value of free childcare. No, I mean as in not even understanding the basic numbers.

The report is here and here is Brendan Barber wittering about it .

Very simply they’re saying that the percentage of the economy that ends up in the worker’s pockets is falling. And that this is bad, M’Kay? The percentage is falling, they’re right on that, and it may or may not be a bad thing.

For the TUC is implying that the reason that the workers’ cut is falling is because the b’stard capitalists

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Posted: 11th, September 2012 | In: Key Posts, Money Comments (2) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink