Donors and Predators
I haven't yet seen anything from the Labour party to explain the difference between 'good' and 'bad' capitalists - and I suspect it will be quite a long wait.
"Donors & Predators
Over at the Labour party, where Ed Miliband says he is in favour of productive capitalism but is not in favoiur of predatory capitalism, the latets donations give no clue as to how he sorts out the good guys from the baddies.
French waste frim Sita - which is fighting in the courts for the right to impose a massive incinerator on an unwiilling Cornish population - has donated £8,370; Tesco, which left the oparty's business spokesperson Chuka Umanna "worried" by its high street dominance, has given £10,200: and PFI-friendly, tax unfriendly accountants KPMG and PriceWaterhouseCoopers have given Ed a non-predatory £17,625 and £8,315 respectively."
The obvious solution is to ban big donations by private individuals and organisations - and introduce a sensible level of state support for all political parties.
But this would cause uproar inside the Labour party - because it would put an end to the undemocratic role of trade union bosses who continue to decide who will lead Labour - as two recent elections have shown.
So the upshot is that if you don't sing a tune that appeals to the country's union leaders - both in Scotland and in London - then you won't be leading the Labour party anytime soon.
