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

Rowan Atkinson tells The Times

“All jokes about religion cause offence, so it’s pointless apologising for them. You should really only apologise for a bad joke. On that basis, no apology is required.”


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