Notepad on Life

June 14, 2010

World Cup – trickledown economics message isn’t trickling down…

Filed under: business,foreign,politics — - @ 1:04 pm
Tags: ,

You may remember the trickledown theory beloved of Ronald Regan and Margaret Thatcher.

Just let the rich get richer, they assured us, and the affluence will trickle down to everyone on their payroll.

On which basis, you’d suppose stewards at one of South Africa’s World Cup venues would be in seventh heaven right now, given the untold millions FIFA is likely to garner in profits from the latest quadrennial milking of its principal cash cow.

Not so, it would appear.

I don’t know about you but I’m absolutely stunned.

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