At least there's one Liberal Democrat left who has a clue. It would be nice if the same attitude existed on the other side of the Atlantic but it won't be happening during this administration. It's laughable to listen to mainstream (and Teabagging) US politicians who fail to accept the basic truth that the economic system has always had deep government involvement when it's successful. Even today, the Republican economy has meant the government supporting big business.
The UK's Vince Cable is being criticized for an "emotional" speech but he's completely right. It's those who fear change from the current rigged system who are upset. The system as it stands today is most definitely rigged in favor of those who have the deepest pockets. The Guardian:
The business secretary will announce the launch of a major consultation on takeovers and executive pay, with the intent of ending "corporate short-termism".
"Let me be quite clear," Cable will tell the Liberal Democrat conference in Liverpool. "The government's agenda is not one of laissez-faire. Markets are often irrational or rigged."
The business secretary plans to identity the sort of malpractices that are causing harm to the wider economy. "Why should good companies be destroyed by short-term investors looking for a speculative killing, while their accomplices in the City make fat fees? Why do directors forget their wider duties when a fat cheque is waved before them? Capitalism takes no prisoners and kills competition where it can," he will say.
