markjgsmith

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10:22:00 +07:00 Britain is stuck in a doom loop: the system is rigged against growth. That needs to change - Will Hutton paints quite a bleak picture of the UK's coorporate sector. Chronic under funding of companies, money going abroad and UK companies increasingly being bought by foreign investors at an alarming rate. It's a doom loop that results in lower pensions, which are normally aggregated and invested in business. Overall it results in even less investment in home grown ventures, which results in even less pensions, and the cycle continues. He makes the case that the state needs to intervene. # www.theguardian.com

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