Merryn Somerset Webb of the FT and Money Week and I are not natural allies. She actually called me an extremist economist rather than name me in the FT recently. But it's always worth reading those you do not agree with (please do). She said this today in the FT:
Th[ere] is something to think about as you watch the world's central bankers grandstanding at their gathering in Wyoming this weekend. They helped get us into this. They aren't having much luck getting us out. But our elected governments have still ceded such enormous power over our financial system to them that we have no choice but to listen to their every word – if we want to have a chance of figuring out how the next (inevitable) crisis will play out, that is. Of all the things that have happened since 2007 that, I think, is the one that makes the least sense of all.
Merryn and I are poles apart when it comes to politics, and I am unapologetic for that. But on this issue we agree. It's a funny old world.
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I quite agree and keep an eye on a number of sites including CapX and CPS to try to understand where they are coming from, even if they do make me want to scream at times. Just occasionally, the genuine libertarians (n, let’s not start that debate again!) do recognise the monopolistic nature of much of today’s business, and their abuse of power.
I read CapX
Usually it’s bizarrely daft
But not always
Also worth keeping an eye on Mckinsey who are clearly very influential in both business and public sectors, and can be more progressive than one might expect
See this for example:
http://www.mckinsey.com/global-themes/meeting-societys-expectations/reimagining-capitalism-to-better-serve-society?cid=other-eml-alt-mip-mck-oth-1708&hlkid=f3da0f5f1480444cbab1aa7464c2ee6b&hctky=2011150&hdpid=e5086012-6590-4a34-a69d-a0ca60c83e0a
No its not socialism, but it shows that there are many in business who are all too aware of the failings of the current model of neoliberal capitalism.