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Nicola Prigg

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

By Nicola Prigg | Thu 19th January 2012 - 4:25 pm

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

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Recent Comments

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    So glad you are a councillor again. Still miss you here....
  • Chris Webb
    Excellent piece. I really like the "I'm a Liberal because..." idea, and will prod my local association along just those lines....
  • Mick Taylor
    Hi Chris. A brave man to take on a seat on Lambeth. I suspect that the great increase in casework is at least partly caused by the huge cutbacks in Local Govern...
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    @ William Wallace William, what's happened to the party's old policy of partnership and co-ownership ? If I remember correctly, our mutual friend Donald Wad...
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    Roz: This is exactly what we need to get us all thinking. I would add that we need to rethink our approach to political economy. Liberal democracy is easiest t...