petej + majorjohn   21

Capitalism’s new crisis: after Carillion, can the private sector ever be trusted? | Politics | The Guardian
British company law does not require companies to declare any purpose when they incorporate: indeed, the whole British ecosystem is organised to put short-term financial priorities first, and all the other things that make a company great – its people, its relationship with its customers, its capacity to innovate, its declared reason for being – in second place. Bad economics married with Britain’s unique institutions delivered what we now have: a rogue form of capitalism.
Carillion  outsourcing  privatisation  PFI  publicServices  MajorJohn  NewLabour  Serco  G4S  Learndirect  capitalism  purpose  profits  short-termism  finance  dctagged  dc:creator=HuttonWill 
january 2018 by petej

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