{"id":86274,"date":"2025-09-29T08:29:37","date_gmt":"2025-09-29T07:29:37","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=86274"},"modified":"2025-09-29T08:30:04","modified_gmt":"2025-09-29T07:30:04","slug":"capitalism-my-arse","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2025\/09\/29\/capitalism-my-arse\/","title":{"rendered":"Capitalism, my arse"},"content":{"rendered":"

As the Guardian reports<\/a> this morning:<\/p>\n

\n

The government has said it will underwrite a \u00a31.5bn loan guarantee to\u00a0Jaguar Land Rover<\/a>\u00a0(JLR) as the carmaker battles the consequences of a recent cyber-attack.<\/p>\n

JLR had to suspend production at its UK factories for several weeks after being targeted by hackers with the shutdown expected to last until at least 1 October.<\/p>\n

The loan, from a commercial bank, is expected to give the company\u2019s suppliers some certainty.<\/p>\n<\/blockquote>\n

So, if you're a recklessly irresponsible corporate entity that decided not to insure against this risk, you're underwritten by the state.<\/p>\n

But if you're a migrant with indefinite leave to stay in the UK and economic misfortune hits you through unemployment over which you have no control - maybe because your employer failed to take out insurance against cyber attacks - you might now be deported from the UK under Labour's new plans<\/a>.<\/p>\n

The hypocrisy is all too obvious.<\/p>\n

And to describe the treatment of Jaguar as anything but socialism for the capitalist classes would be impossible.<\/p>\n

Capitalism, my arse, was the phrase that came to my mind. There is one rule for the rich, for whom the state can never do enough, and another for those it should be protecting, who it will, instead, likely dispense with as soon as it can. This is not capitalism. This is state abuse, neoliberal style<\/p>\n","protected":false},"excerpt":{"rendered":"

As the Guardian reports this morning: The government has said it will underwrite a \u00a31.5bn loan guarantee to\u00a0Jaguar Land Rover\u00a0(JLR) as the carmaker battles the
 Read the full article…<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[215,14,204,35,16,147,118,224,106],"tags":[],"class_list":["post-86274","post","type-post","status-publish","format-standard","hentry","category-age-of-aggression","category-corruption","category-economic-justice","category-economics","category-ethics","category-inequality","category-labour","category-neoliberalism","category-politics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/86274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=86274"}],"version-history":[{"count":2,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/86274\/revisions"}],"predecessor-version":[{"id":86276,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/86274\/revisions\/86276"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=86274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=86274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=86274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}