It's time to lay siege to the robber barons of high finance

cepheus

....The political debate about the economy and business would benefit if people focused less on the sums of money made by individuals and took more account of how they earned it. Is their sector truly competitive? Have they genuinely created wealth, or merely extracted it.

http://www.independent.co.uk/voices/comment/its-time-to-lay-siege-to-the-robber-barons-of-high-finance-10468512.html

I fear however there are too many vested interests, because the UK as a whole is a wealth extractor rather than creator due to the size of its financial sector.

Generali

cepheus wrote: »

http://www.independent.co.uk/voices/comment/its-time-to-lay-siege-to-the-robber-barons-of-high-finance-10468512.html

I fear however there are too many vested interests, because the UK as a whole is a wealth extractor rather than creator due to the size of its financial sector.

Interesting, I never had you chalked down as a Thatcherite.

Lady Thatcher was probably the last PM to face down rent seekers in any significant way. From the unions to The City to the professions she removed fixed pricing and anti-competitive practices from the UK in hundreds of ways.