Dave Cameron, the head of the non-conservative Tory Party, has addressed the great and ‘good’ at Davos, and as usual he says things that actually mean the opposite of the words looked at in isolation:
He will say: “We must stand up for business because it’s businesses, not governments or politicians, that create jobs, wealth and opportunity, it’s businesses that drive innovation, and choice, and help families achieve a higher standard of living for a lower cost. But we must also stand up to business when the things that people value are at risk. So it’s time to place the market within a moral framework – even if that means standing up to companies who make life harder for parents and families.
Translation: moral framework in fact means political control… whoever best has the ability to manipulate the political system can simply distort the market so suit their narrow needs. So when Dave Cameron says ‘moral capitalism’, he actually means ‘regulatory statism’ and ‘political manipulation’… in other words he does not actually want to change a damn thing.
And political manipulation is exactly how we ended up where we are now with banks and car companies being handed vast quantities of other people’s money: Neither moral nor capitalism, which sums up Dave Cameron’s ‘philosophy’ perfectly.