Tag Archives: samuel pierpoint langley

Opinion: “Capitalism is a great success story.” Really, Nick?

On Monday, Nick Clegg gave a speech on responsible capitalism. This was his first real foray into the debate since it has erupted as a major talking point, even though we as a party have been arguing the need to reform capitalism before it was cool.

Before criticising capitalism, he praised it by saying this:

Capitalism may be today’s political punchbag, but let’s take a long view: it’s one of history’s great success stories. No other human innovation has driven progress  and raised living standards so consistently. Markets catalyse ideas, invention and experimentation. When they work well, they are meritocratic and

Posted in Op-eds | Also tagged , , , , , , , , and | 35 Comments
Advert

Recent Comments

  • Alex Macfie
    There is a case for government Ministers not being MPs (something that also happens in many Parliamentary systems, e.g. Netherlands), namely that it eliminates ...
  • Peter Martin
    @ Simon, "I’d also like to know why GDP per capita apparently differs so much from mean income. That sounds odd to me." Good question. One...
  • expats
    @Nigel Jones 24th Jun '25 - 11:17am....". Likewise if we wish say we desire regime change in Iran, then we want regime change in Israel too." Not much chanc...
  • Lyell Yardarms
    Theakes. I know you delight in celebrating poor by-election results but it’s really very simple. We stood a paper candidate who lives nowhere near the divisio...
  • theakes
    What happened at Eastfield last Thursday?...