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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

  • Tim
    Hywel - the source of the "Norwegian gas is cleaner than UK gas" is here - https://www.petro-online.com/news/fuel-for-thought/13/sp-global/two-thirds-of-uk-and-...
  • Jason Connor
    No that was Nick Clegg in full flow on tuition fees....
  • Jason Connor
    I couldn't agree more with the first 3 posts. I heard a figure of 75% of households still use gas. The council stopped installing heat pumps on my estate as the...
  • Hywel
    "According to the regulator’s own figures, pipeline gas from Norway is produced with less than a third of the emissions of Britain’s North Sea output." W...
  • Chloe
    Well said David. There are 20 million gas boilers in the UK & not everyone has a spare few grand to change to heat pumps or have a suitable system that enab...