Tag Archives: Finance

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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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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How Oliver Stone helped cause the financial crisis

Margaret Thatcher was famously a big fan of the timeless BBC satirical sitcom Yes, Minister. So much so that in 1984 she penned a Yes, Minister sketch with her press secretary Bernard Ingham, which she then performed at a national … 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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