Tag Archives: samuel pierpoint langley

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

…

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

Recent Comments

  • Ben Wood
    It is such sad news. I was lucky to get to know Micheal over the last few years (working on a book project for the John Stuart Mill Institute). He reaffirmed fo...
  • Ed Sanderson
    Very sad news. I remember many a lively evening of erudite discussion in Leeds - Michael was a true intellect - and a genuinely warm soul. My condolences to his...
  • Jack
    This is bang on. What is the point of a liberal party that won't stand up for rights, especially when both government and opposition want to make hay out of div...
  • Matt (Bristol)
    I totally understand this is a key issue for many Lib Dems (and I'm not speaking for Lib Dems myself, I'm an ex-member). But I don't understand how this 'vangua...
  • John Grout
    Fully agree with all of this. I've seen a few MPs' Pride Month posts reference Section 28 abolition and Same-Sex Marriage - we need to start talking about this...