Capitalism has for centuries been our economic doctrine as the
‘best’ system to reward individual efforts and distribute wealth. With now over
90 percent of Britain’s productive assets owned by two square miles in the City
and exercerbating income inequality, it is the time to fix the system if we
want a fair society for all. This is also the ‘responsible capitalism’ which
the Occupy LSX campaigners ask for. Seemingly far away, the panacea for today’s
predicament is, in fact, close at hand – the ‘co-operative’ model, or Rochdale
Rules dating back to 1840s.
