Are Labour’s ‘big beasts’ clueless?

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According to the FT two Labour 'big beasts' have warned Ed Miliband not to talk about 'predatory capitalism. The article says:

Ed Miliband has been warned by two former Labour ministers that he is alienating business leaders by speaking a language they do not understand, failing to listen and giving the impression he wants to harm big British companies.

Do these two have any idea what Labour should be about?

Or is it that 'big beasts' are always self interested?