Henry Jackson Society’s pre-emptive PR offensive seeks to popularise parasitic economic growth for the few
Prince Charles, Prince of Wales talks to Christine Lagarde, Managing Director of the International Monetary fund, before the start of the Inclusive Capitalism Conference at the Mansion House on May 27, 2014 in London, United Kingdom. Photograph: WPA Pool/Getty Images
Yesterday’s Conference on Inclusive Capitalism co-hosted by the City of London Corporation and EL Rothschild investment firm, brought together the people who control a third of the world’s liquid assets – the most powerful financial and business elites – to discuss the need for a more socially responsible form of capitalism that benefits everyone, not just a wealthy minority.
Leading financiers referred to statistics on rising global inequalities and the role of banks and corporations in marginalising the majority while accelerating systemic financial risk – vindicating the need for change.
While the self-reflective recognition by global capitalism’s leaders that business-as-usual cannot continue is welcome, sadly the event represented less a meaningful shift of direction than a barely transparent effort to rehabilitate a parasitical economic system on the brink of facing a global uprising.
Central to the proceedings was an undercurrent of elite fear that the increasing disenfranchisement of the vast majority of the planetary population under decades of capitalist business-as-usual could well be its own undoing.