• News Feeds
Page last updated at 09:19 GMT, Saturday, 21 January 2012

'Cultural issues' shape capitalism

Advertisement

David Cameron, Ed Miliband and Nick Clegg have all delivered speeches this week on their visions for a more ethical capitalism in the UK.

Martin Wolf, chief economics commentator at the Financial Times, said that politicians have almost nothing they can do about changing capitalism, pointing out that we are "embedded" in a global capitalism system.

Michael Portillo, former Conservative cabinet minister, added that capitalism appears differently in other countries as there are "cultural issues" that also define it. Politicians in the UK, he explained, are hoping to produce a "different outlook" for those at the top by encouraging philanthropy.


Get in touch with Today via email , Twitter or Facebook or text us on 84844.

SEE ALSO

Story Tools

BBC navigation

BBC © 2013 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific