This looks like another of your very dodgy statistics. Are you really saying that the incomes and working conditions of working people have fallen between the 1970's and the present day? If so, let's have the data on which you make this incredible assertion. Frankly I don't believe it, as it runs completely counter to common observation and general knowledge. The only thing I would grant is that there has probably been a drop in real incomes since 2008 following the banking crisis, and some sectors fared worse than others, but as far as I am aware the trend in rpdi is now upward.No system is perfect, so it should not be necessary for us to create an idyll in order to change the system. Just something that is much better than exists now. In a time of rising output working class incomes and working conditions have been falling since the 70s. The current system is a fail for all but the wealthy elite and those who are servicing them.
This is a one-eyed view of private enterprise if I ever saw one. Of course, private businesses are primarily interested making profits. But most of them do so by competing with other to win customers, and this involves a wide variety of beneficial spin-offs like innovation, driving down costs by improving efficiency, all of which is to the customers' benefit and to their workforces. The proof of the pudding and all that, but you only to look at the far greater wealth creation and overall prosperity achieved in countries where private enterprise has flourished than in more avowedly socialist regimes.Tulse said:Private enterprise has only one aim, which is to earn money for the shareholders. Anything else is irrational and often illegal. As such, the government need to regulate the sector where it is necessary (or threaten to do so).