Tag Archives: wright brothers

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

  • Katharine Pindar
    Thanks, Peter Martin, for writing again, and I entirely agree with your first paragraph (9.01 this morning) - but not the second. The Guaranteed Basic Income i...
  • Joseph Bourke
    In 1963, Harold Wilson, at the Scarborough Labour conference made his ‘white heat of the technological revolution’ speech. Wilson said bluntly: nostalgia...
  • Colin Brown
    Well said! I am pleased to have heard members of the Labour government speak up for music, standing up to the nonsensical charge of "elitism"....
  • Steve Trevethan
    As Mr Raw points out, chronic hunger, malnutrition and destitution have been a spreading plague since the introduction of Austerity in 2010. Who has gained ...
  • Jenny Barnes
    After going on and on about the £22 billion "black hole"in the new government's financial inheritance ( I do wonder if these people have any concept of what a ...