The bonus culture

It's a lesson from history that when things go badly wrong, being able to create a popular witch hunt is a great way of deflecting attention from the real culprits. In labour's case it's easy to blame bankers; all bankers. Yes, there is a lot of blame on the shoulders of a tiny coterie of senior bankers: but the real blame is government's. Government took their regulatory eye off the banking game and gained billions in tax pounds as a result. Even the regulation there is is woefully inadequate. And the bonus culture is not just endemic in banks; did you know that most senior execs in PUBLIC SERVICE get bonuses and play the game to ensure they get them? Failing education, failing social services and any number of other failures; yet the elite still get their bonuses - paid for by us, the very people not getting the service.
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