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Page last updated at 06:34 GMT, Monday, 2 July 2012 07:34 UK

The 'demise' of popular capitalism

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After the economic upheaval of recent years, and the accompanying scandals, is it possible to create a better sort of capitalism?

In the 1980s, the solution seemed to be to make us all capitalists, by selling off shares in the utilities, the idea being that it would give us all a stake in the City and the success of British industry, but that turned sour with stories of 'fat cat' pay rises for the bosses of companies like British Gas.

In the first of two reports, Anne McElvoy, of The Economist, questions what happened to the popular capitalism of the 1980s.


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