On 27 May, Mark Carney, Governor of the Bank of England, gave a speech on the topic of ‘inclusive capitalism’ at a conference carrying the same name. I can understand why he made it. Once invited, there are risks to turning the invitation down. Since Mr Carney is shortly (in central bank time at least) off to Canada with the presumed intent of assuming high political office, he can be taken to be already in pre-campaign mode. Such a conference is the perfect platform to stake out a cuddly but free market position, and to appear statesman like and escape the nerdiness that can hinder those who linger in finance too long. There are more genuine reasons to give the speech. The Bank of England looks to some like the friend of the City, and this is a chance to counter that. Occupy – assisted by the BoE’s new Chief…
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