If You Keep Voting For Neoliberals, This Is What Happens – Part 6

20120128-cartoonSlavery in the City: Death of 21-year-old intern Moritz Erhardt at Merrill Lynch sparks furore over long hours and macho culture at banks

Serious concerns have been raised tonight about the punishing hours endured by interns at City investment banks following the death of a young Bank of America Merrill Lynch employee.

Moritz Erhardt, 21, was nearing the end of a seven-week internship in London when he collapsed at home after working until 6am for three days in a row.

It’s a tragic story.

It is also a story that could not have happened if the working hours laws that large companies have worked so hard to undermine were actually enforced properly.

Also, if you want to go along with the culture in these places that led to this tragedy, these internships are probably  counterproductive for both the companies and those doing the internships. This article from CBS News neatly explains why.


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