Tag Archives: Business

The sickness at the heart of American capitalism – and where it’s leading us

American capitalism is sick. Not just “I think I might stay in bed today” sick. More like “call an ambulance” sick. The sickness has a name. It’s called financialisation. It’s not a bug that’s appeared overnight. It’s crept up on … Continue reading

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Lessons from history: why what we say about sustainability matters

This piece was originally published by  Guardian Sustainable Business. I didn’t particularly like the way they edited it though, so here’s the unedited version… What does the history of the American progressive movement in the early 20th century have to do … Continue reading

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Towards a better capitalism: how can business reduce poverty?

One possible definition of business – borrowing the Marx-infused jargon of the early-twentieth-century Left – is the process by which labour is transformed into capital. Poverty, defined in similar terms, is a result of the fact that capital is less … Continue reading

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You get what you pay for

As the saying goes, ‘if you pay peanuts, you’ll get monkeys.’ Judging from some of the recent announcements about bonuses from Barclays, Lloyds et al, it seems that the people who run Britain’s biggest investment banks are irrationally terrified of … Continue reading

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When is a profit not a profit?

Most of us, whether or not we agree with Mr Micawber’s assertion that profit equals happiness, would recognise his description of the basic principle of profit and loss: “Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result … Continue reading

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Can bankers be virtuous?

“Regulation, markets, virtue.” That’s how the Archbishop of Canterbury Justin Welby summed up the preconditions necessary for a healthy and socially useful banking sector at an event organised by the St Paul’s Institute last week. The interesting and somewhat remarkable … Continue reading

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