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Business Quote by Edward Skidelsky Robert Skidelsky

“Economic insatiability is as old as money itself, but it has been greatly exacerbated by the institutions of capitalism. Today, it is the business class which determines the earnings, hours, and conditions of work; it is the state which, largely at the behest of the business class, decides on the…” quote by Edward Skidelsky Robert Skidelsky
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““Economic insatiability is as old as money itself, but it has been greatly exacerbated by the institutions of capitalism. Today, it is the business class which determines the earnings, hours, and conditions of work; it is the state which, largely at the behest of the business class, decides on the post-tax distribution of wealth and income. This is not Marxist ideology, but a reasonable observation of the way the capitalist system actually functions in today's global environment. This is an environment in which the countervailing power of trade unions and democracy has been greatly curtailed in the interests of profit maximisation. The result is twofold: most people do not get the job arrangements they would like; and inequality of wealth and incomes has grown. Thus a large proportion of the populations of rich countries are deprived of the fruits of technological progress which would enable them to work less. They work the hours the do because they do not 'have enough' to lead the good life.””

Edward Skidelsky Robert Skidelsky

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