The Anonymous Widower

John Lewis/Waitrose: Shops of Choice for Champagne Socialists?

I heard an actor on the radio a couple of weeks ago, going on about the evils of capitalism.  It might be alright for him to pontificate about large salaries, but he showed little knowledge about how market forces work.  In other words if we had a hundred percent tax on all salaries over say £50,000, we’d lose anybody of talent. Well not all, as surely black-marketeers and tax fraudsters would have a field day.

But he did put in a good word for John Lewis and its Waitrose subsidiary, as they are partnerships in which all employees have stakes.

So does this explain why in this recession, they have done so well?  Perhaps, those of the left feel that they must spend their money where it doesn’t go to shareholders.

March 20, 2010 - Posted by AnonW | Business | John Lewis, Waitrose