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.... Crucially, it is built upon a recognition that if areas of mutual gain can be identified, hosting refugees can become an opportunity rather than just an inevitable cost. European governments want to address a migration crisis; Jordan wants to make the leap to manufacturing and manage a security nightmare; business is seeking a new investment opportunity, while also trying to restore respect for modern capitalism; refugees want to work; and just about everyone has a stake in the long-term future of Syria. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 06:00:27 AM
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.... Best of all is the claim that you are “tax neutral” (which means: “We don’t charge tax, but don’t want to admit it”). But nothing gets round the truth that what tax havens really do is help to abuse the world’s tax systems and in the process mount a challenge to market-based capitalism and even democracy itself. ... [Read full article on Guardian ]
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....BHS fell into administration just 13 months after Green sold it. A high-profile parliamentary investigation into the demise of BHS, led by Field and fellow Labour MP Iain Wright, concluded that the company had been systematically plundered by its owners and described the hole in the pension fund as “the unacceptable face of capitalism”. ... [Read full article on Guardian ]
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Latest Finance News related to Capitalism

Why becoming a tax haven would be bad news for Britain image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:30:42 PM
.... Best of all is the claim that you are “tax neutral” (which means: “We don’t charge tax, but don’t want to admit it”). But nothing gets round the truth that what tax havens really do is help to abuse the world’s tax systems and in the process mount a challenge to market-based capitalism and even democracy itself. ...
Why denying refugees the right to work is a catastrophic error | Paul Collier and Alexander Betts image
.... Crucially, it is built upon a recognition that if areas of mutual gain can be identified, hosting refugees can become an opportunity rather than just an inevitable cost. European governments want to address a migration crisis; Jordan wants to make the leap to manufacturing and manage a security nightmare; business is seeking a new investment opportunity, while also trying to restore respect for modern capitalism; refugees want to work; and just about everyone has a stake in the long-term future of Syria. ...
Sir Philip Green 'could get £15m refund from £363m BHS payout' image
Source : Guardian [Read Article] Tuesday 21st of March 2017 06:30:06 AM
....BHS fell into administration just 13 months after Green sold it. A high-profile parliamentary investigation into the demise of BHS, led by Field and fellow Labour MP Iain Wright, concluded that the company had been systematically plundered by its owners and described the hole in the pension fund as “the unacceptable face of capitalism”. ...
Unilever is safe, but we need better defences against short-term capitalism image
.... The target could have been served up neatly, as Cadbury was to Kraft in 2010. Just capitalism in action, it might be argued – no point being squeamish. ...
Banker Charlotte Hogg’s error is a cautionary tale for the privileged | Deborah Orr image
.... In fact, they are told this all the time. Look after the wealthy and clever and they will look after everyone else – that’s the moral basis of capitalism, and it’s a crock. ...
The shameless Tories have betrayed the self-employed – and themselves | John Harris image
.... Since 2005 the number of over-65s who are self-employed has almost doubled. Some of these changes are bound up with the so-called platform capitalism that is creating a whole swath of the economy defined by big firms – Uber, Airbnb, eBay, TaskRabbit, Deliveroo – overseeing the sale of goods and services by individuals. ...
Topshop owner to double contributions to plug pension deficit image
Source : Guardian [Read Article] Sunday 5th of March 2017 03:28:55 PM
.... BHS fell into administration just 13 months after Green sold it. A high-profile parliamentary investigation into the demise of BHS concluded that the company had been systematically plundered by its owners and described the hole in the pension fund as “the unacceptable face of capitalism”. ...
Bad news for online advertisers – you’ve been ’ad | John Naughton image
....And this is done with amazing, fine-grained resolution: Facebook, for example, holds 98 data points on every user. Welcome to the world of “surveillance capitalism”. ...
The Observer view on the Snap flotation | Observer editorial image
Source : Guardian [Read Article] Sunday 5th of March 2017 12:04:29 AM
....Snap’s founders argue this will give them the freedom to build the company for the long term, without getting bogged down by the tedious accountability faced by most publicly listed companies. There is no doubt that Anglo-American corporate governance, dubbed “quarterly capitalism” by its critics, can undermine long-termism, as the asset managers who dominate company AGMs chase short-term dividends over long-term economic value. ...
The Guardian view of Snap IPO: a shareholding monarchy | Editorial image
Source : Guardian [Read Article] Thursday 2nd of March 2017 07:35:19 PM
.... It’s also about unaccountable power. Snap’s initial public offering marks a turning point in US capitalism: it is the first time that the only shares on offer are those with no voting rights. ...
Philip Green owes us BHS workers much more than ‘up to’ £363m | Grant Atterbury image
.... The fat cats amass their fortunes on the backs of people who are now viewed as little more than shop fixtures. The worst excesses of capitalism have been allowed to fester for too long. ...
Philip Green agrees to pay £363m into BHS pension fund image
Source : Guardian [Read Article] Tuesday 28th of February 2017 02:42:06 PM
....The deal with the Pensions Regulator, which is likely to help the billionaire keep his knighthood, follows the controversial collapse of the BHS department store chain last April, which led to the loss of 11,000 jobs and left a pension deficit assessed at £571m. A high-profile parliamentary investigation into the demise of BHS concluded that the company had been systematically plundered by its owners and described the hole in the pension fund as “the unacceptable face of capitalism”. ...
Vast losses at RBS are a legacy of a failed system | Will Hutton image
Source : Guardian [Read Article] Sunday 26th of February 2017 12:05:15 AM
....In one way, £45bn has rarely been better spent; but, in another, a clutch of hard questions that would have been asked if the bank had gone bust were avoided. How could it be that RBS’s managers and shareholders could ever have allowed it to grow so large when so much of what it was doing was not just valueless, but actively value destroying? Why was the wider financial and regulatory ecosystem of which RBS was a part not more alert to what was going on, and instead, to an extent, egging the bank on? What system could permit a business horror story with such near-calamitous results; and even so was part of an inequitable capitalism that helped trigger the resentments contributing to Brexit?. ...
Humbled Unilever aims to show shareholders it values their loyalty image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 07:36:53 PM
....But what does “accelerating delivery of value for the benefit of our shareholders” mean? In Kraft Heinz’s mouth, translation would be easier. It could imply thousands of job losses, cuts in investment and less time spent fretting about sustainable models of capitalism. ...
Theresa May must take £115bn hint from Kraft Heinz's failed Unilever bid image
Source : Guardian [Read Article] Monday 20th of February 2017 07:33:19 PM
.... The appeal for Kraft Heinz is not hard to fathom: the US firm probably calculates that profit margins could be even higher if it ran the business harder and ditched Unilever’s worthy words about behaving with a sense of corporate responsibility. Polman, it should be said, doesn’t always help his own case by sounding so sanctimonious about sustainable capitalism. ...
Who will the Brexiteers blame when the milk and honey fails to flow? | Rafael Behr image
....A notable feature of this non-Brexit agenda is how closely it tracks arguments made by Ed Miliband in the last parliament. The former Labour leader had a whole thesis about the structural failings of British capitalism and how it corroded people’s confidence in the future, leaving them anxious and angry. ...
Utopian thinking: the eclipse of neoliberalism heralds a new dawn of sharing | Minna Salami image
.... And so people are increasingly being thrust into the greedy hands of private firms for their basic needs. As a result of this fragile social contract between the neoliberal state and its citizens, the same electoral coalition that voted for free-market capitalism in the first place is now voting to escape it. ...
How Xi Jinping's global ambitions could thrive as Trump turns inward image
Source : Guardian [Read Article] Friday 10th of February 2017 12:25:10 PM
.... “For his part, Trump said he was glad to talk over the phone with Xi,” it added. In one joke doing the rounds among China watchers, Communist party theoreticians, after decades preaching the demise of democracy and capitalism, find themselves in a sudden state of panic after seeing their predictions come true so far ahead of schedule. ...
Democrats must do to the Dakota pipeline what they did to Betsy DeVos: resist | Kate Aronoff image
.... Majorities of Americans believe the rich pay too little in taxes, want to tackle inequality and take issue with how black people are treated by police. More than half of young voters no longer support capitalism. ...
Trump didn’t kill TPP, the people did | Owen Jones image
Source : Guardian [Read Article] Tuesday 24th of January 2017 09:39:47 AM
.... TPP – like the hopefully fatally wounded Transatlantic Trade Investment Partnership – gave multinationals the ability to sue elected governments in secret courts for policies that threaten their profits. Here is an example of capitalism on a collision course with democracy and sovereignty. ...
The new robot revolution will take the boss's job, not the gardener's image
Source : Guardian [Read Article] Sunday 22nd of January 2017 01:38:08 PM
.... In the first group were the really dumb ones: those who think that what happened in 2016 was an aberration and that globalisation will be back on track as soon as voters in advanced countries come to their senses. In the second camp were those – the policymakers rather than the chief executives of the big multinational corporations – who understand that the only way to save global capitalism is to reform it in a fundamental way, just as it was after the economic horrors of the 1930s. ...
May and Hammond fail to win new fans among tough Davos crowd | Larry Elliott image
.... It is the perfect stage on which to trumpet what HM Government is doing about the burning issue of the day: developing country debt, climate change or getting tough on tax havens. In recent years, Tony Blair, Gordon Brown and David Cameron have all gone down a storm at the Glastonbury for global capitalism. ...
World's eight richest people have same wealth as poorest 50% image
Source : Guardian [Read Article] Monday 16th of January 2017 12:01:08 AM
....Norway, Luxembourg, Switzerland, Iceland and Denmark filled the top five places in the WEF’s inclusive development index, with Britain 21st and the US 23rd. The body that organises the Davos event said rising inequality was not an “iron law of capitalism”, but a matter of making the right policy choices. ...
Hammond threatens EU with aggressive tax changes after Brexit image
Source : Guardian [Read Article] Sunday 15th of January 2017 08:57:08 AM
....Reports suggest the prime minister, Theresa May, is looking into restricting access for EU workers for “every sector and every skill level”. The chancellor, however, rejected his interviewers’ suggestion that the UK and the US, traditionally the leading champions of capitalism and free trade, were “turning their back to the world”. ...
Robotics, Trump and Brexit turn up the heat amid the snow of Davos image
Source : Guardian [Read Article] Saturday 14th of January 2017 03:59:30 PM
....Eight years after the financial crisis, Davos recognises that stronger economic growth alone isn’t enough to fix the world’s problems. WEF’s global risks report, released last week, argues that a “growing mood of anti-establishment populism” means market capitalism must now be reformed, and several panels will examine how this could happen. ...
Army of staff descends on Davos to serve WEF super-rich image
Source : Guardian [Read Article] Friday 13th of January 2017 04:43:08 PM
Obama's legacy image
Source : BBC [Read Article] Friday 13th of January 2017 12:03:44 AM
....Yet it also means that politicians, and their insistence on change and reform, have been kept on the sidelines, leaving the economy to develop without them. In the absence of major external shocks, perhaps the consistent job growth the US has enjoyed for more than six years should be attributed, not to the name and the politics of the president but to things more fundamental to the US and its brand of capitalism. ...
Parody-defying World Economic Forum must do better image
Source : Guardian [Read Article] Wednesday 11th of January 2017 07:33:53 PM
....This year they have noticed “the growing mood of anti-establishment populism” and judge that reviving economic growth, which has been their cure-all for as long as anyone can remember, may no longer be enough to “remedy fractures in society. ” That is why “reforming market capitalism must also be added to the agenda”. ...
Xi Jinping to become the first Chinese president to attend WEF in Davos image
Source : Guardian [Read Article] Wednesday 11th of January 2017 05:05:51 PM
....Chinese leader Xi Jinping will lead an 80-strong delegation of business executives and billionaires to the annual gathering of the powerful and super-rich in Davos next week. Xi will be the first Chinese president to attend the World Economic Forum (WEF) and lead the country’s biggest-ever delegation to the celebration of capitalism in the Swiss Alps as a statement of intent that China wants to assume a global leadership role as other world powers struggle with domestic tumult. ...
Rising inequality threatens world economy, says WEF image
Source : Guardian [Read Article] Wednesday 11th of January 2017 09:26:38 AM
....Before its annual meeting in Davos next week, the WEF said the gap between rich and poor had been behind the UK’s Brexit vote and Donald Trump’s election victory, and it warned that there were new threats to social cohesion from the robotics and artificial intelligence revolution. The organisation added that fundamental reform of capitalism may be needed to tackle the public anger. ...
Are Americans more ready to accept inequality? image
Source : Guardian [Read Article] Wednesday 11th of January 2017 08:40:39 AM
....”. • Cut-throat capitalism versus cuddly socialism: Are Americans more meritocratic and efficiency-seeking than Scandinavians? (pdf). ...
Wage hikes at Aldi and Lidl are welcome news. But don’t get too excited | Peter Fleming image
.... As the business thrives, its workers will too, since they could always accept a better deal from a rival employer. The problem with Friedman is that he didn’t actually understand capitalism very well, which is surprising given how much he wrote about it. ...
The key to good customer service? Just do it image
Source : Guardian [Read Article] Saturday 7th of January 2017 07:00:12 AM
.... There was no ticker showing the share price. In the 1990s the rotten concept of “shareholder value” took hold of fund manager-led capitalism, demanding that a company’s sole purpose is to extract maximum value (ie profit) for shareholders. ...
Five things economists can do to regain trust image
Source : Guardian [Read Article] Friday 6th of January 2017 11:49:04 AM
....There is also a lack of economic history teaching, which would illustrate how economics has been here before, in the 1930s, when the excesses of the 1920s defied their models of economic behaviour and left them floundering in the subsequent decade until John Maynard Keynes grabbed the spotlight. Few students will be given a grounding in different ways of looking at economic behaviour and especially Marxist interpretations, which are deemed to be simplistic and unable to cope with the complexities of modern capitalism. ...
UK bosses make more in two and a half days than workers earn all year image
Source : Guardian [Read Article] Wednesday 4th of January 2017 12:01:07 AM
....It hopes its stark findings will act as a spur to the prime minister, Theresa May, to act on her promises to create an economy that works for everyone. In the political fallout from last year’s Brexit vote that catapulted her to power, May tapped into voters’ frustrations over inequality and since being made prime minister she has vowed to reform capitalism. ...
Surging stock markets say Trump is a conman and May a phoney | Andrew Rawnsley image
....Theresa May says she gets it: the fruits of prosperity have not been equitably divided. She has spent a lot of the time since she moved into Number 10 talking about the reform of capitalism. ...
RBS investors call for governance changes to improve transparency image
Source : Guardian [Read Article] Friday 30th of December 2016 08:06:35 AM
.... RBS remains 73% owned by the UK taxpayer. John Hunter, the UKSA chairman, said there was a need for companies to step up and make capitalism work for everyone. ...
Majority of managers think Brexit uncertainty will affect UK economy image
Source : Guardian [Read Article] Wednesday 28th of December 2016 12:01:20 AM
....Francke also called for employers to address the growing sense of frustration with the status quo and widespread inequality expressed by voters in the UK and elsewhere this year. “In this climate of heightened political uncertainty and economic turbulence, the time is now to position Britain as a global leader in responsible capitalism, targeting essential issues like workplace ethics, inclusivity and executive pay to restore trust and transparency and improve productivity,” she said. ...
Tax avoidance, expenses scams – welcome to the recruitment industry | Adrian Gregory image
. In a recent article for this section, Faiza Shaheen described recruitment agencies as “arbiters of capitalism and the mass exploitation of workers”. ...
Our problem isn’t robots, it’s​ ​the​ ​low-wage car-wash economy | Paul Mason image
....Carney’s solutions, though couched in language eviscerated in order to avoid offence, boil down as follows. First, economists have to accept that the current form of capitalism is failing the 99%. ...
2016: the year Facebook became the bad guy image
Source : Guardian [Read Article] Monday 12th of December 2016 11:00:10 AM
....Facebook is a monopoly with too much power, argues author and activist Robert McChesney. “When you get companies this big they are not just a threat to democracy, but they are also a threat to capitalism. ...
Wolfgang Streeck: ‘Look at London – it’s a second Rome. This is what an empire looks like’ image
.... His books bear bluntly fin-de-siecle titles: two years ago was Buying Time, while the latest is called How Will Capitalism End? (spoiler: not well). Even his admirers talk of his “despair”, by which they mean sentences such as this: “Before capitalism will go to hell, it will for the foreseeable future hang in limbo, dead or about to die from an overdose of itself but still very much around, as nobody will have the power to move its decaying body out of the way. ...
'A landscape of exhaustion and moral decay' – lessons from the 'lost decade' of the 1860s image
.... And yet, the governor of the Bank of England had a point. When Overend Gurney collapsed in 1866, it undid once and for all the sense that, give or take a few individual misfortunes, capitalism was a moral force that rewarded skill and hard work. ...
Mark Carney's history lesson shows we haven't learned on globalisation image
Source : Guardian [Read Article] Monday 5th of December 2016 07:13:25 PM
....His solution to the problem is threefold: an acceptance by economists that not everybody has gained from trade and technology; a better mix of monetary policy, fiscal policy and structural reform to boost growth; and more inclusive growth. In essence, this is the same conclusion that was reached in the earlier phase of globalisation when there was a fear that market forces had to be moderated to prevent capitalism from eating itself. ...
The 10 lies ​about Black Friday's consumerist circle of hell image
Source : Guardian [Read Article] Thursday 24th of November 2016 07:00:27 AM
....One thing I’ve learned in researching the lives of that bunch of mostly dead neo-Marxist German Jews called the Frankfurt School is that shopping isn’t so much a satisfying pastime that boosts the economy as a burning wheel of Ixion on which we are bound until death secures our release. “The ‘modern’ [is] the time of hell,” wrote Walter Benjamin, the brains behind the Frankfurt School operation, in his critique of consumer capitalism, The Arcades Project. ...
May obscures workers-in-boardrooms U-turn with verbal gymnastics image
Source : Guardian [Read Article] Monday 21st of November 2016 02:51:29 PM
....Not all companies, let’s be clear, are deaf to outsiders’ views and concerns. But, under May’s revised framework, the grubbier end of corporate Britain will be able to pay lip service to the gospel of inclusive capitalism and then carry on exactly as before. ...
Theresa May bids to reassure business on Brexit 'cliff-edge' image
Source : BBC [Read Article] Monday 21st of November 2016 04:24:39 AM
.... . £2bn of new money for research and development was welcomed and business leaders seemed to accept the essential premise of the grand bargain she is offering - the government invests to boost productivity and cut corporation tax in exchange for help in tackling the worst excesses of capitalism. ...
In the gig economy, recruitment agencies are the gangmasters | Faiza Shaheen image
Source : Guardian [Read Article] Wednesday 16th of November 2016 01:08:37 PM
....“Recruitment agency: an organisation that matches employers to employees and vice versa; an intermediary in the labour market” – or so the dictionary tells us. But, given recent findings that agencies are using aggressive tax avoidance schemes at a time when new benefit caps are driving single parents into poverty; that some agencies have conned low-paid temporary workers into buying worthless accident insurance; and, from my own research, that agencies are enabling the undercutting of workers’ rights and wages by pitting migrant workers against local people, it would be truer to life if we described recruitment agencies as arbiters of capitalism and the mass exploitation of workers. ...
May: Britain has 'historic chance' to give leadership to world image
Source : BBC [Read Article] Monday 14th of November 2016 09:18:41 PM
....Mrs May cited the UK's recent agreement to keep Nissan car production in the north-east of England and the development of a global hub to repair and maintain fighter aircraft in Wales as evidence of a competitive industrial strategy. Mrs May, who has called for more employee representatives on company boards and greater disclosure about corporate pay, also pledged to crack down on unfair business practices which "undermine faith in capitalism and free markets". ...
He’s right, the economy is sick – and businesses like Trump’s are part of the disease | Mariana Mazzucato image
....The globalisation of capital (in contrast to labour) has meant that when growth falters capital can go elsewhere. Indeed, Trump’s behaviour – setting up businesses, letting them fail, avoiding paying suppliers, using bankruptcy laws to avoid taxes for decades, then setting up another business somewhere else – is the perfect symbol of this asset-stripping form of capitalism. ...
Trade is the lifeblood of humanity. Closed doors lead to closed minds | Will Hutton image
. For 70 years, the US and Britain have underwritten the open global trading system, partly because of a stubborn and correct belief in the merits of free trade, partly out of self-interest as beneficiaries of globalisation and partly because, strategically, it spreads democracy, peace and capitalism. ...
Companies should be forced to say how much tax they pay and where image
Source : Guardian [Read Article] Friday 11th of November 2016 07:00:13 AM
.... If companies don’t pay tax they destroy their customer base. However, much of modern global capitalism is built on the short term. ...
We do mind the gap! Who has cut down Toblerone’s triangles? image
Source : Guardian [Read Article] Tuesday 8th of November 2016 11:51:55 AM
.... What utter, utter, happiness-destroying bastards. Seriously, Mondelēz is the evil face of self-serving capitalism writ large. ...
Equal pay is still far-off for Britain, where the gender gap narrows at a glacial pace image
.... If she meant it, she must get tough on Britain’s stubbornly wide pay gap. Five months ago, this newspaper wrote that the BHS scandal was not about the failure of capitalism but the failure of people to recognise their basic moral duties. ...
Tata's dented image image
Source : BBC [Read Article] Monday 31st of October 2016 12:59:09 AM
....The respect that people feel for the group, to a large extent, comes from the stature of the men who have led the company over the years: from its visionary founder, Jamsetji Tata, to the pioneering JRD Tata who was chairman of the group for more than 50 years and, in recent decades, Ratan Tata, who was behind the firm's global expansion. Ratan Tata managed to keep his reputation as one of India's most revered business leaders intact, through a time when corruption and crony capitalism had become the hallmarks of corporate India. ...
Sir Philip Green: MPs approve stripping BHS ex-chief of knighthood image
Source : BBC [Read Article] Thursday 20th of October 2016 10:12:57 AM
....Labour's David Winnick branded Sir Philip "a billionaire spiv who should never have received a knighthood. A billionaire spiv who has shamed British capitalism". ...
Uganda - global hotspot for entrepreneurs image
Source : BBC [Read Article] Friday 14th of October 2016 10:55:51 AM
. As the bastion of global capitalism, the US might seem like the world's most entrepreneurial country but a recent survey - which ranked countries in terms of the percentage of the adult population engaged in entrepreneurial activity - showed it is actually Uganda. ...
Related to :
Little sympathy for Unilever in town where Marmite is made image
Source : Guardian [Read Article] Thursday 13th of October 2016 03:08:30 PM
.... I can’t imagine it will filter down to the workers in the form of a pay rise. “It is just extreme capitalism and they are behaving like bullies. ...
Sports Direct: Ashley steps in as chief executive resigns image
Source : BBC [Read Article] Friday 23rd of September 2016 06:35:52 AM
....". She said the company's actions were not just damaging to shareholders but "undermined the general public's perception of capitalism - full stop". ...
Last BHS stores close for final time after 88 years image
Source : BBC [Read Article] Sunday 28th of August 2016 04:40:05 AM
....Its most recent owners have also been blamed following an investigation by a joint committee of MPs last month. They described billionaire retailer Sir Philip Green, who owned BHS from 2000 to 2015, as the "unacceptable face of capitalism". ...
Changing of the guard image
Source : BBC [Read Article] Monday 22nd of August 2016 10:47:28 AM
....Mr Rajan, whose good looks and eloquence helped generate a "rock star" reputation, is bowing out under a cloud following very public clashes with the government. Sharply critical at times about India's crony capitalism, he reportedly ruffled too many feathers and ended up feeling undermined at the RBI. ...

Jeremy Corbyn is a symptom, not the cause of Labour’s total lack of direction 
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.... This failed, not only because the expectations it aroused were not fulfilled, but also because it did not amount to a new governing philosophy. Attempts to define a new “Third Way”, somewhere between capitalism and socialism, ended in vacuous seminars and intellectual embarrassment. ...

The Brazillionaire families at the heart of the Olympic construction bribes scandal
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.... That included Temer’s party, the PMDB, which later turned against Rousseff, leading the efforts in Congress to remove her from office. Why did Rousseff, the onetime Marxist, team up with Camargo Corrêa, Brazil’s prime exemplar of crony capitalism? Elections are expensive, for one thing. ...

Is Britain really safe from Islamist terror?
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Source : Telegraph [Read Article] Sunday 31st of July 2016 06:01:00 AM
.... One imagines that those Islamists who decided to enter a Christian church, take Christian worshippers hostage and murder a Christian priest would struggle with it too. This wave of terrorism is not motivated by the evils of capitalism, that is for sure. ...

Who is Michel
Barnier: The Frenchman in charge of the EU's Brexit negotiations
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.... In the event the referendum in Britain never took place. Diplomats have said he is "far from a soul mate for Britain" and is hostile to the “Anglo-Saxon” free market model of capitalism. ...

Labour leadership contest: Owen Smith says party should ‘smash Theresa May back on her heels’
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....Mr Smith pledged to reinstate the 50p income tax rate, reverse the inheritance tax cuts, ban zero hours contracts and introduce a 1 per cent wealth tax in an attempt to win over Mr Corbyn’s supporters. He also said he offered “cold-eyed, practical social revolution" rather Mr Corbyn’s “misty eyed romanticism about a revolution to overthrow capitalism”. ...

EU appoints former French minister who blames Britain for losing his job to lead Brexit negotiations
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....Speaking after June's referendum vote, Mr Barnier said that the European agenda shouldn't be "prisoner to the British question" during Brexit negotiations. He is a renowned defender of French protectionism and is hostile to the “Anglo-Saxon” free market model of capitalism. ...
BHS closure dates: When is YOUR local BHS shutting down?  image
Source : Daily Express [Read Article] Monday 25th of July 2016 05:52:00 PM
....It said: “The tragedy is that those who have lost out are the ordinary employees and pensioners. This is the unacceptable face of capitalism. ...

A new industrial revolution is coming. Is Theresa May ready for the chaos it could unleash?
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....There is a danger of opinion moving instead against the entrepreneur and the fast-moving company. When Philip Green exhibits the “unacceptable face of capitalism” it is not surprising that our minds turn to new controls. ...

Theresa May suggests Sir Philip Green has been 'irresponsible and reckless' as MP claims billionaire is 'worse' than Robert Maxwell
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. Theresa May has suggested that Sir Philip Green has been "irresponsible and reckless" as she vowed to "reform capitalism so that it works for everyone". ...

Sir Philip Green branded 'unacceptable face of capitalism' by MPs for 'systematic plunder' of BHS before collapse
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. Sir Philip Green should be stripped of his knighthood unless he funds BHS’s £700million pensions deficit, MPs have said as a damning parliamentary inquiry condemned him as the “unacceptable face of capitalism”. ...

The Reformation offers a good lesson for Brexit 
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Source : Telegraph [Read Article] Sunday 24th of July 2016 09:53:40 PM
.... And there’s no doubt that the Reformation empowered Parliament. At the height of the British Empire, the Victorians concluded rather arrogantly that they had a duty to spread the march towards democracy and capitalism around the globe. ...

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