Ominolap - I agree the problem here is the companies willing to sell work experience opportunities and the party which doesn't see that cronyism is wrong.
Not sure what is the matter with the headline though: "Cash for internships: Tory backers pay party £2,000 a time to buy their children work experience at top City banks and hedge funds" seems fairly accurate, doesn't say Cameron organised the auction, but it was done for and in the name of his party, so in the end the buck stops there.
Happiestblonde, Alouiseg -- all I hear is wriggling - auctioning internships is not that common, life isn't fair, desire to succeed etc...
So that make it ok then?
The fact is that employers will tend to recruit people in their own image, because they fit into the culture and that is who they feel comfortable with. That in the end is not good for business or for individuals if you get 'Tim, nice but dim' being recruited over someone smarter but with fewer connections (or, god forbid, a woman...)
That is why we have equal opportunities legislation and HR practices.
Auctioning off internships is blatantly bad HR. In fact I think someone who'd applied through the regular channels for an internship with these firms and been turned down would be in a good position to sue..(..only guessing, anyone legal on here?)
It is especially divisive because the kinds of jobs where the way in is most often through informal internships (media, public policy, politics, think tanks) and through the old school tie and the best universities(finance) are the ones that hold power and influence.
University entrance has been democratised to some extent but most kids don't know that even after they graduate (with a mountain of debt) they will still need a Masters degree and/or an internship to make it into these professions. That is a huge barrier, and to just say that someone whose parents haven't been to university, who has no capital behind them and who has no one to explain to them the way in and make introductions for them, they they can succeed just as easily as someone with all those advantage, if they just have drive and intelligence is frankly ridiculous.
Yes alouiseg life isn't fair. That is why we have governments, laws, democracy. The aim, should be to increase fairness not to institutionalise unfairness.
How would advertising internships and recruiting through equal ops processes, rather than recruiting through connections and money not be a good idea?