Extremist capitalism

Just as I am reading “The America we deserve” from Donald Trump, I came across an interesting quote: “….because business is the task of linking private ambitions to social needs”.

That sounds very good indeed. Prof Colin Mayer, author of a new report on the future of the corporation for the British Academy, has detected that Britain has the most extreme form of capitalism in the world.

“The corporation has failed to deliver benefit beyond shareholders, to its stakeholders and its wider community,” he said.

The Academy’s report comes a week after the Labour Party manifesto proposed the biggest shake-up of how business is owned and run in decades. It included the nationalisation of water, rail, energy, mail, broadband and the forced transfer of company shares to employees.

 

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