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Finance capital is a parasite on our economy
The dominance of finance capital has huge implications for the future in terms of jobs, living standards and the very fabric of society itself, says LAURENCE PLATT

FINANCE capital is on the rampage throughout the British economy. Its tentacles have spread through what were formerly parts of the public sector, primary manufacturing such as the steel industry to aviation and more. 

It even shares a bed with current Prime Minister Theresa May, whose husband manages a hedge fund. Those with a strong stomach can imagine the pillow talk.

Early December 2017 brought the bleak news that Tata steelworkers at Port Talbot are on the receiving end of a massive pension rip-off.  
As part of Tata’s restructuring before the proposed joint venture with Thyssenkrupp, the liabilities in the British Steel Pension Scheme were effectively dumped, with the permission of the government. 

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