Monday, July 05, 2004

The market in action

What does the Reserve Bank mean when it talks about "counteracting wage inflation"? It means adjusting the economy to stamp out things like this. If the rich use good economic times to reap larger profits and scam even higher executive salaries, it's fine, but heaven forbid that ordinary workers should use them to gain any real improvement in pay and conditions.

What is the point of having a market if its a one-way street?