‘A John Lewis economy’ was a strong soundbite from Nick Clegg, even if it failed to resonate with Netto shoppers lower down the social scale than the Cleggs. The Deputy Prime Minister is ‘pushing for real, early, radical action’ to make this ‘the decade of employee share ownership’, and no one can deny he’s picked a potent theme at a time when conventional capitalism seems hellbent on self-destruction.

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