Tories Against Capitalist Interests?

Guido believes that capitalism is the bedrock of an open society and that “to be controlled in our economic pursuits means to be controlled in everything.”* But capitalism thrives best when it is free of corruption and dealings are done in the open. So Guido fails to understand why the Tories are opposed to legislation requiring fund managers to publish details of how they vote at company AGMs. Seems reasonable, they should already be informing their shareholders if not their competitors. Some corporate managers seem to run many firms for their own benefit rather than their owners benefit, like a nationalised industry. The Tories should propose to amend the legislation to ensure companies inform their owners of what they are doing. That would be standing up for the interests of capitalists and shareholders.

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Quote of the Day

Councillor John Thomas, Keith Vaz’s Leicester East Constituency Labour Party Chairman says…

“This is great disappointment to me, realising that I have spent over 30 years of my life working for a party that I now know that I have nothing in common with. This is not the party I joined, the party for decent working people. I can no longer follow the clown that leads the Labour Party, he is heavily influenced by the Trotskyite Len McCluskey and is now as the Hoki Coki leader, in out, and shake it all about he has turned this great party into a laughing stock.”


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