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"Occupy has been successful...for one very simple reason; they are right"

Business quote of the day.

Occupy protest in LA. Photograph: Getty Images

"Occupy has been successful in its efforts to popularise the problems of the global financial system for one very simple reason; they are right"

Andrew Haldane, a member of the Bank of England’s financial policy committee, said the Occupy movement was both morally and intellectually right to challenge the international financial system. In a speech last night called Socially Useful Banking, Haldane said the activists, who held sustained demonstrations in both the City of London and New York, had helped to bring about a "reformation" of the finance sector.