Posts Tagged ‘inequality’

by Andrew Kakabadse

Banks, vulnerability and the rise of ‘Occupy’ protests

The article on BBC News ‘Occupy London – Protest continues for a second day’ on the anti-capitalist protest in London’s financial district is interesting.
The first point which springs to mind reading this is the ‘anti-capitalist’ nature of the protest. Is it really anti-capitalist, or is it the restricted and centralised control of resources, that is the problem? If we really had capitalism in the sense of free and open markets, I doubt we would have such drastic downtimes, deep unemployment and a demotivated community as more capital would flow freely in the market.
It is unfortunate that the previous estimate I made regarding how much money is available in the city in close-to-liquid form of £450bn seems to be inaccurate, as the estimate currently is about £500bn and in Wall Street it is around $3.7trn of capital that is essentially not circulating. However, [...]

by Andrew Kakabadse and Nada Kakabadse

Women’s Wages in the City

Says Andrew:
Prompted by this article by Gil Corkendale on the inequality of wages for women in the City of London, I believe that it continues to be nonsense that women are being paid less than men. The current economic climate exacerbates my concern that inequalities will continue to exist—the need for cost reduction is so high that women will continue to be casualties like anyone else. There’s clearly a lack of diversity being shown in imaginative remuneration packages for women, and other minority groups are suffering the same fate. [...]