Sometimes when I read John Kay's columns in the FT I wish people like him ruled the world. And maybe they do and we just don't know about it.
Often I come across people that I'm glad do not run the world. And no, I'm not talking about John McCain, though that prospect appears to be dwindling (though no counting of chickens just yet!).
One person on the list of those I would wish to have less power include Larry Elliott, Economics Editor of the Guardian. While he may feel his life's opposition to the world of finance has finally been vindicated, I can't find myself agreeing with a word he says. I feel that along the way his strident political beliefs have blinded him to other realities.
The fact that London has built up the world's leading knowledge-based economy, in information, IT, banking and creativity, is nothing to him, only something to denigrated and insulted. This is a difficult one to accept, particularly as many of these insults come from someone whose employer has directly benefited from the 'fake' economy. Hypocrisy is an over-used word but surely the fact that the Guardian is employing the same techniques would give Elliott a moment to think through his prejudices?
3 days ago