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Capitalists in pain and misery

By Socialist Appeal

Monday, 10 November 2008

Spare a thought for the poor old bosses who are trying to make ends meet in these uncertain times. Some are very depressed about the capitalist system.

Take John Book, Managing director of Millards Cleaning Services. “We’ve been going since 1919, so we have seen several recessions and a depression. The current situation has the characteristics of a depression – not a recession – and my guess is that it will last for four years.”

Then there is Brian Rice, Chairman of Dial-a-Cab. “The incessant talking down of the economy frightened people. I attended a dinner where Richard Lambert, the director-general of the CBI, gave a very downbeat talk on the status of the economy. By the end of it, my only dilemma was whether to cut my throat or jump out of the window.”

(From FT Weekend, 25 October)

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