On Tuesday two US hedge funds took control of the Co-operative Bank and in effect ended its 170-year history as Britain’s largest mutual. Yesterday an aggressive hedge fund, deceptively entitled The Children’s Investment (TCI) Fund, acquired the largest stake behind the government in the Royal Mail. It is led by a man known for his […]
Posts Tagged ‘Responsible Capitalism’
Hedge fund control of Co-op Bank & Royal Mail should never be allowed to happen
Oct 24th, 2013 by Michael Meacher.Four economic boosts when all we’re offered is “responsible capitalism”
Mar 30th, 2013 by Michael Hanratty.On Thursday, I wrote about how in the wake of Osborne’s latest budget, Labour continues to buy into the incompetent neoliberal myths that the government uses to justify their programme of austerity. If only the problems stopped there! Sometimes, when it looks like the left is offering an alternative, it can still fall into the […]