The new capitalism

Most paradigm shifts in politics are recognisable only in retrospect, but it’s fairly clear we’re living through one now. When you have the US seeking to nationalise $700bn of dodgy assets and the average British household now liable for £3,020 of Northern Rock debt something has changed. But what? I’ve been struggling to find a proper analysis of this, so it was great to read Irwin Stelzer’s meaty