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

Business quote of the day.

"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.

Occupy protest in LA. Photograph: Getty Images

Helen Roxburgh is the online editor of Economia

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The NS Podcast #164: Summer, splits and social mobility

The New Statesman podcast.

This week, Helen and Stephen explore Jeremy Corbyn’s appeal among different parts of the Labour membership, discuss Sarah Champion's return to the shadow-cabinet, and question the value of social mobility as an aim for the Left. You also ask us: When will Labour’s turmoil end? And what do we think about More United? (Helen Lewis, Stephen Bush).

You can subscribe to the podcast through iTunes here or with this RSS feed: http://rss.acast.com/newstatesman, or listen using the player below.

And if you're craving yet more NS podcastery, you can watch Helen and Stephen host a live recording at this summer's London Podcast Festival. Tickets available here

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Visit newstatesman.com/podcast for more details and how to contact us.