FT.com / Columnists / John Kay - The left is still searching for a practical philosophy.
I fear John Kay is right.
Refreezing though he's also right when he says:
[M]arkets operate successfully only when they were embedded in communities; that trust and co-operation are not antithetic to a market economy, but essential to it; that the driving force of innovation is pluralism and experiment, not greed and monopoly; that corporations acquire legitimacy only from the contribution they make to the societies in which they operate. In a column after the British election I will elaborate that philosophy.
I look forward to it.
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Kay and Wolf both (now) write some good sense. It’s a shame then that the FT has come out for the Tories and ‘small govt’. No surprise, of course, since the editor is a Tory. So now we have the whole of the British dailies for the Tories, except the Guardian who’re supporting LibDems and the Mirror uniquely supporting Labour. Not sure of Mirror ownership details but all the rest are tax avoiders. Even the dear old Morning Star (which is owned by the readers and makes no profit anyway) recommends voting Labour only if the candidate is worthy.