Thursday, September 17, 2009
Is Capitalism Wrong?
Last night's Richard Bacon Show on 5 Live covered a lot of ground. Probably the most interesting discussion came between 12 and 1 when we had a discussion under the theme: "Is Capitalism Wrong?" The two guests were Mark Littlewood from progressive Vision and a Marxist Professor called Alex Calinnicos.
It got quite heated between me and the good Professor at one stage after he made some disparaging remarks about a woman who called in who had started her own business. He was very happy to slag off the capitalist system but at no point was he able to come up with suggestions for anything different or better. I cannot abide academics who pontificate about the faults of something without being able to articulate an original thought of their own about how to solve it. I am sure he writes very learned books, but even his critique of capitalism seemed to be fundamentally flawed. The discussion can be heard from 1.39 until the end of the programme on the iPlayer.
Earlier we talked about Jimmy Carter's outrageous comments about critics of Obama's healthcare plans are driven by racism, Baroness Scotland's troubles and why the British are so bad at complaining.