The free market meritocracy

  • Print
Details
Monday, 17 December 2007
Written by Socialist Appeal
Share
In the present financial volatility, American bank Merrill Lynch has lost between $8 and $12 billion. The man who made it all happen by betting on the sub-prime mortgage market was chief executive Stan O'Neal. He's got to go. The bank is paying him $159 million to go. The reward for failure?

Upcoming events

3rd marxist summer school -2

Marxist summer school 2013:

The Unbroken Thread of Marxism

28th-30th June @ UCL, London

Get in touch to register your place!

Join us in the fight for socialism!

 Contact us: This email address is being protected from spambots. You need JavaScript enabled to view it.

Name:
Email:

 Donate to Socialist Appeal

IDOM

MilitantStudentA

ted grant banner

hov banner

Latest paper

The new issue of Socialist Appeal is out now. Click here to buy your copy.

SA 218FRONT

Socialist Appeal is a 16 page full-colour tabloid newspaper - The Marxist paper of Labour and Youth. Click here to subscribe.

Get the latest quarterly edition of the theoretical magazine In Defence of Marxism:

IDOM4.Page 01-page-0

Bookshop

wellred

Get the Marxist classics from the Wellred online bookshop

Including:

The Classics of Marxism, Volume 1

What is Marxism?

marxbookweb2   what is marxism