Cable, critique and capitalism

I suspected the LibDems were a radical choice. Vince Cable, Business Secretary in the UK, has re-introduced the word “capitalism” into public debate. The Guardian writes:

After some dubbed his comments on capitalism “Marxist”, Cable made delegates laugh by addressing them as “comrades”.

He acknowledged to activists that he had caused controversy with both this morning’s coverage and also with other measures he had taken in his four months as business secretary.

He said he had “managed to infuriate bank bosses, acquire a fatwa from the revolutionary guards of the trade unions movement; frighten the Daily Telegraph … and upset very rich people. I must be doing something right.” […]

“Why should good companies be destroyed by short-term investors looking for a speculative killing, while their accomplices in the City make fat fees? Capitalism takes no prisoners and it kills competition where it can, as Adam Smith explained over 200 years ago,” he said to applause.

David Green, in The Daily Telegraph (!), agrees.

…caricature by Christopher Ammentorp from


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: