The Marxist Bank of England [not]

If it does raise rates, the Bank is just being the messenger - the message being that actually-existing UK capitalism is unable to provide decent living standards for millions, and that genuinely full employment is impossible. This is a Marxian message.

Of course, it might be that the Bank would be wrong to raise rates. Personally I suspect that, with wage inflation not yet rising, the Bank can afford to wait before moving. Which means that if the Bank does raise rates tomorrow, it would be more Marxist than I am.

No, that's not what it meant when they raised rates. It meant they are capitalist-bankers, which means they put the obscene hoarding of the tiny few above the welfare of the huge majority.

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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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