The Rooster
"Okeydoke"
October 23, 2017
By Josie Cox
The state of capitalism (click here) is in desperate need of reform and modernisation, according to some of the UK’s top business leaders, who claim that the system has been hurt by management greed, corporate tax dodging and investor short-termism.
Speaking on a panel for the Financial Times, former minister Baroness Shriti Vadera, who is now chairwoman of Santander UK, said that “the underlying promise of western capitalist economies — that a rising tide lifts all boats — has been broken”. She said that a “better model” is needed.
Others echoed her remarks.
Robert Swannell, the former chairman of retailer Marks and Spencer, said that capitalism had “lost its way” and that companies and their investors had become much too focused on short termism, according to the FT.
And Carolyn Fairbairn, director-general of the Confederation of British Industry, said that capitalism had taken a number of “wrong turnings”....
A very interesting thing has happened in the UK. First, Brexit and then Trump. It has made those of conscience take a look at capitalism for the first time in a long time. In the USA, run away capitalism is viewed as the ultimate reward to a so called 'smart strategy' of what is basically thievery and immoral choices into greed.
Capitalism in the year 2017 is a runaway train taking prisoners to low income and politicized activities of daily living that traps the working poor and impoverished in a fiscal cycle of abuse.
The USA is no longer the 'hope' of the world, it is nothing more than a superpower without a conscience.
