What next for the British economy?
“Once in a generation you have an opportunity to change society in profound ways. For all the hardship and insecurity bound up in recent events, we are lucky to live in such a moment. What seemed infallible until recently – the essential credo behind the last 30 years of economic history – has crumbled, like communism before it. Yet this is not a crisis of capitalism, but a crisis of a society and democracy that have failed to regulate the market. It will become a crisis for our planet, too, unless we resolve it.”
This is the conclusion of a thoughtful piece on the current financial crisis written for the “New Statesman” by Compass Chairman Neal Lawson and “Guardian” John Harris.
The pressure group Compass has created a short video to make the case for change: