Bank of England Head: Capitalism Is Eating Its Children
The head of The Bank of England gives a heretical speech
Former head of the Bank of Canada and current head of the Bank of England, Mark Carney, gave a speech in The City that challenges the received wisdom of the financial world.
He says that, “unchecked market fundamentalism can devour the social capital essential for the long-term dynamism of capitalism itself.”
I’ve long liked the man. He doesn’t treat capitalism as a religion.