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Lassalles Pic

Ferdinand Lassalles: Founder of the first Socialist party in Germany, the German Worker’s Union.

Owen Jone’s book Chavs: The Demonization of the Working Class also discusses the way that the poor now pay a greater proportion of their wages as tax than the rich as part of the massive shift in wealth away from them and to the upper classes.

This ‘trickle-up’ model of economics has not come about because the people at the top have become more talented or more profitable. It has been driven by the smashing of the trade unions, a hire-and-fire labour force, and a taxation system rigged to benefit the wealthy. Even Jeremy Warner, a right-winger and deputy editor at the conservative newspaper the Daily Telegraph, finds something amiss: ‘it is as if a small elite has captured – and kept for itself – all the spectacular benefits that capitalism is capable of producing’.

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