Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Greedy bastards
Sir: Like other union leaders, John Edmonds attacks the consequences of market economics, but not the system ("Fury over `greedy bosses' attack", 15 September). A company director taking a pounds 50,000 raise while other employees get a few hundred is indeed a "greedy bastard", but establishing, encouraging and rewarding greedy bastards is the fundamental purpose of capitalism.
Mr Edmonds also attacked higher unemployment being used to curb inflation, but production for profit necessitates wage restraint to keep the business competitive in a global market. To counteract rising pay, joblessness must now increase by several hundred thousand to a "natural rate" that enables employers to threaten uppity workers. The training-up of lone parents and others to become part of this reserve army is yet another unavoidable capitalist consequence that union chiefs refuse to accept because it exposes the underlying futility of collective bargaining.
MAX HESS
Folkestone, Kent
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments