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Is capitalist culture 'selfish'?

Both Nick Clegg and David Cameron have talked about tackling Britain's 'crony capitalism', through legislation against the very rich and those evading tax.

Matthew Hancock, Conservative MP for West Suffolk, believes there are certainly elements of crony capitalism in Britain as there has been a culture of "something for nothing", and rewards for failure.

However, he says that it essentially an economic problem as well as a moral one. The most important thing is to change the culture of capitalism, he adds.

Mike O'Brien QC, former trade minister, agrees that social attitudes must be changed and the "selfishness" of capitalism must be challenged.

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