The Labour party, under Jeremy Corbyn, has vowed to introduce legislation aimed at ending inequaltiy in its first year in power. Together, those measures would help force an “irreversible shift in wealth and power in favour of working people,” says McDonnell. A variation on those measures came close to bringing Labour to power in last year’s snap general election. In Labour’s ownership funds, shares would be held by a trust, not directly by employees, ensuring that firms become and remain genuinely influenced by employee ownership. The alternative to that model, our current gradualism in confronting a socially corrosive income and wealth gap, will someday afflict the comfortable.

Source: thestar October 19, 2018 15:00 UTC