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Articles for March 2008

Capitalism's too important to be left to capitalists

ON TRIAL in the credit crunch is not the 'banking system' or the 'international financial system' or even the markets in which they operate. It is the fundamentalist model of management by which our institutions are governed.
We're getting choice, whether we want it or not

Perhaps only in UK public services could 'reform' have come to signify something like the reverse: a grim trial of strength in which the centre imposes a new set of untried methods, often free-market-oriented, on reluctant consumers and providers in an at
198 reasons why we're in this terrible mess

WE LIVE IN strange times. In the private sector, market rules are so degraded that it has become the role of companies in the real economy, some built up over decades, to act as chips tossed around by high rollers in the City supercasino. Meanwhile, the p
Greedy City is eating away at Britain's backbone

IN HIS witty column last week, my colleague William Keegan recalled Gladstone's description of finance as 'the stomach of the country, from which all the other organs take their tone'.