If You Think It's Bad in America...

http://www.futureofcapitalism.com/2010/02/if-you-think-its-bad-in-america

It's even worse in Britain, where, Bloomberg News reports:

Prime Minister Gordon Brown, whose ruling Labour Party wooed financiers before and after taking office in 1997, and opposition Conservative leader David Cameron are turning publicly on the City, Europe's largest financial center and a focus of trade for almost 2,000 years.

Brown lambasted the "bankrupt ideology" of free market "fundamentalism" at his party's conference in September and pledged to make banks "the servant of people."

In October, Cameron vowed to promote "quality of life" as well as "quantity of money." He wouldn't change Brown's decision to raise the rate of income tax for the highest earners to 50 percent. "The rich will pay their share," he said.

Mr. Cameron's "Conservatives" have hired some of President Obama's campaign consultants, the Wall Street Journal reports.

by Editor  |  Feb 25, 2010 at 11:23 am Related Topics:  Banking, Capital Markets Regulation, Europe, Politics, President Obama, Taxes receive the latest by email: subscribe to the free futureofcapitalism.com mailing list