I wish Luddite would understand, Globalisation has eroded the nation state.

Osborne has point blank refused to get tough with the banks, sighting the need for " Worldwide Agreement " on banking regulation.

Luddite has no problem handing sovereignty over to Beijing and Washington when it comes to banking reform.

As usually, the deluded Right ignores the WTO, a organisation which is unelected, but can make decisions over trade without recourse for the UK Parliament.

Schumpeter defined "creative destruction" as the driving force of capitalism. Marc Stears has not defined what "responsible capitalism" might be. Too much wishful thinking, and lack of accurate parameters spring to mind.

"Responsible vigilantes can lower crime and the cost of policing. Britain's vigilantes must lead the change."

@swatantra nandanwar

You may know a lot about business but you know nothing about education.

You wrote:
"Unfortunately most of the protestors have very little idea about how business works. An excellent way to learn would be for them to set up small businesses and try and make a goof it."

Establishing a small business is just about the hardest thing you can do. The majority fail within five years. Many don't even make it through the first year.

Your project would just teach them how small businesses fail.

The way to teach people about about how business works is to put them in charge of a big business.

what i'd like to see is the UK develop leading edge businesses especially in the technology sector, at the moment we are finding ireland is the king of technology start-ups in europe, google, twitter, facebook have chosen ireland - this helps create a "cluster" where like minded businesses develop, we must not let others take the crown.

At the same time we need to look at green/high tech materials areas and look to develop businesses that currently setup in the far east. The far east does not have to be the number one choice for technology manufacturing. In addition we need to look at waiving fees for engineering graduates (but keep fees for arty farty courses), this will help improve incentives for the brightest to attend those courses and develop a larger talent pool (currently china and india are churning armies of these types of graduates - the types that future growth areas will rely on).

We also need to address the balance between destructive admin-job style gov't spend and genuine growth enhancing infrastructure spend, all these things will increase the health of the UK economy.

"Responsible capitalism can be innovative and profitable. Britain's businesses must lead the change". Of course it can, but first we must withdraw from Europe.

There's nothing immoral about the pursuit of profit: it's amoral, and rightly so. Profit can only be made by selling someone something that they want or need-i.e., a mutually beneficial exchange.

The problem with capitalism in this country-and probably globally-is that big corporations have conspired amongst themselves to form what are effectively cartels, by buying access to and influence over politicians. End that, and you'll decrease the lifespan of ineffective enterprises and let new businesses appear to take their places. Of course, the best way to end that would be to deregulate and decrease the power of the state. But what politicians would have the character to diminish their own status?

As for redundancy...it's hard, but that's the way it goes. I've been made redundant before: I didn't like it, but I was realistic enough to know that my employer wasn't going to do me a favour and keep me on. Why would it? All I'd have been doing would be making my colleagues' positions less secure by sucking resources out of the organisation. Make it easier for businesses to be born, to thrive and to die, and the problem will be solved. If someone can't find work, then they should be supported by social security until they can. But they shouldn't be left kicking their heels in a non-job to avoid unemployment.

Protest groups can perhaps concenrate on forcing business, particularly big business, to accept more 'corporate social responsibility'. To deny big business exists, is frankly living in gagaland. If they want to cut themselves off, then they could always go away and live in a commune.

David: You can't achieve f**k-all if you don't control your own destiny..

George Osborne’s a genius. He's managed to do what none of his Tory predecessors managed to do. They believed high unemployment was a price worth paying for low inflation.
Osborne on the other hand has managed to achieve the difficult balancing act of having both high inflation and high unemployment at the same time.
And zero growth. And higher taxes.
Brilliant.

http://tompride.wordpress.com/2011/10/18/osborne%E2%80%99s-inflated-clai...