Reward for Failure and Failure to Reward

Submitted by Bill Kerry on 23 February 2012

Perhaps this was not the best week for the Prime Minister to start complaining about "anti-business snobbery."

The unerring ability of our economy to wield sticks at the bottom and offer carrots at the top has been thrown into sharp focus this week. We've had the scandal of unpaid work at Tescos followed quickly by the scandal of grossly overpaid work at Royal Bank of Scotland.

These are two very different businesses of course but their behaviour is indicative of the widespread and illogical belief that already very rich people need to be further incentivised whilst poor people do not.

I do not detect any anti-business snobbery in this country. I do detect increasing incredulity and outrage at business practices that fuel inequality, damage our economy and further corrode our society.

And it seems some senior figures in the business world are beginning to agree.

Photo credit: raysto