Saturday, November 13, 2010

ANOTHER ILLUSION GOES

One of the illusions about capitalism that its supporters are always proclaiming is that it is a ruthlessly efficient society that rewards honesty and punishes double-dealing. It is not a view shared by the capitalist class themselves as illustrated by this recent media expose. "The European Commission has fined 11 of the world's largest airlines £799 million for their part in a conspiracy to fix the price of cargo shipments. British Airways is among the carriers to be fined and has been ordered to pay a 104 million euro (£90 million) penalty." (Times, 10 November)
The capitalist class are fond of lecturing workers about honesty, but when extra profits can be realised they are not adverse to a bit of sharp practice. RD

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