Diary: Hit or Miss... Royal Mail's 'Marxism'

The Royal Mail's part-privatisation plans, positioned as a scheme to enable postal workers to become the company's majority owners, were hailed by The Observer as 'Marxist'. The paper argued that the plan 'translated the aspiration' of workers to own their means of production into 'modern, practical and achievable terms'. Although the £2.5m bonus paid to chief executive Adam Crozier was met with general criticism, The Economist reported that 'things are looking up for Royal Mail'.

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