In particular, he saw that industrial and business leaders were more concerned with aping the values of the old agrarian aristocracy. For them, success involved the acquisition of a thousand acres of land and a mansion, preferably in the Cotswolds. He held the view that the activities of business and industrial leaders had a more corrosive impact on the UK economy than the actions of union leaders. The British economy has long been dominated by financial markets and banks. The global financial crisis has merely reinforced this trend.

Source: The Guardian September 14, 2016 17:48 UTC