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

  • Steve Trevethan
    Thank you for a bravely honest article! Might the “leadership” which took the L. D party into enforced student debts/loans have been confused about the i...
  • David Le Grice
    Weird that this appears to be the first LDV article about this, and the first time anyone in the parliamentary party has spoken up about it (as far as I'm aware...
  • Jack
    Delighted to see conference overwhelmingly reject the EHRC guidance (they don't deserve three quarters of that name - I accept they are a commission). People ar...
  • Geoff Reid
    Somebody had to say it eventual!y. Thank you Tom for inviting us to be honest on this matter....
  • Hywel
    Important point there Paul. For all the angst about 'lack of cut through' that has pretty much been the case for most of the time the LIb Dems existed except f...