Companies must share benefits of globalisation, Theresa May tells Davos

[inanna]

Source: The Guardian

Thursday 19 January 2017 11.21 GMT


Theresa May has told the world’s biggest companies they need to start paying their taxes and treat their workers more fairly in order to address the concerns of those who feel left behind by globalisation.

In a keynote speech to the World Economic Forum, the prime minister said governments could not rely on international market forces to deliver prosperity for everyone and action was needed to address the “deeply felt sense of economic inequality that has emerged in recent years”.

May’s warning that businesses needed to address the issue of executive pay and that market forces alone would not ensure the spread of prosperity to all ensured her first appearance in Davos was met with only lukewarm applause from her well-heeled audience.

The prime minister said that “across Europe, parties of the far left and the far right” were seeking to exploit the sense among people on modest incomes that globalisation was not working for them.

Read more: https://www.theguardian.com/business/2017/jan/19/companies-must-share-benefits-of-globalisation-theresa-may-tells-davos

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>>"was met with only lukewarm applause from her well-heeled audience."<<

Certainly can't disagree with that last paragraph.

[brush]

1. And that's coming from a Tory. Maybe she's not all bad. But let's withhold judgment for now.

[inanna]

2. Yeah. Wait and see.

The far right in Europe is scaring the shit out of me.

[muriel_volestrangler]

4. Not that she's gone as far as saying "how about more progressive taxes so those getting

extra rich from our society give a bit of it back". Instead, she's talking about lowering corporate taxes, especially if she doesn't get her way with the EU. She just expects the rich and multinationals to develop social consciences without government interference.

[brush]

5. Well we know that's not going to happen. Just the phrase "social conscience" makes them gag.

[cstanleytech]

3. Unless a magical stick appears the companies are going to not share the carrot and

will keep on doing what they are doing which is to hop from one low wage country to the other while bribing the varies politicians around the globe to do anything except to pass laws that force them into being fair with the carrot.