BHS and capitalism’s moral compass
The BHS and Sports Direct sagas have raised the question: is UK capitalism in a uniquely scuzzy phase? I am inclined to say that it isn't but that anyway capitalism has many forms ranging from the decent to the near-criminal; from the paternalist to the devil-may-care. The problem for society is how to regulate the intolerably bad bits without killing the vigour some quite dodgy chancers (none of those invoved in the sagas in question have been proved to be so) bring to the economic table. Read more...