Capitalism is a social system based on economic slumps and booms. It is notoriously difficult to forecast when these will occur but that doesn't stop so-called experts having a go. 'John Philpott, director of The Jobs Economist, said: "This time last year we correctly forecast that 2013 would be a year of 'hard slog' for UK workers, with longer hours for no extra real reward. For the majority of workers 2014 is unlikely to feel much better.' (Times, 27 December) Despite politicians rosy forecasts for the future we reckon that Philpott's forecast won't be far off the mark. RD
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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