Will Hutton
Journalist and academic Will Hutton has claimed that Britain should place its future its economic future in the hands of entrepreneurs and scientists.
During his talk “Them and Us: How capitalism without fairness is capitalism without a future” at the LSE last week Hutton blamed the “shadow banking system” that was allowed to develop by Margaret Thatcher as the reason for the country’s current economic woes. He cited Rolls Royce as an example of the type of company which should be nurtured by the government.
He postulated that a clear conception of fairness is a prerequisite for this to happen. His own definition, the explanation for which can be found in his upcoming book, was “due desert for discretionary effort.” Such a concept needs to become one of the core values of this country he said.
Otherwise disincentives will lead talented entrepreneurs to “simply fuck off to the city” and perpetuate the status quo, which could have disastrous consequences for the global community.
PPPPut It Down
An attempt to steal the recently reinstated penguin has been foiled.
The incident happened early Saturday morning while the launch of ‘Common People’, the LSESU’s new club night, was taking place. Two students and members of security on duty at the SU came across two thieves trying to prise the statue from its concrete base. Thankfully they managed to scare them off before they could be successful.
The original penguin, part of a donation of public art from a Canadian alumnus in 2006, was stolen in March last year. The aftermath saw an outpouring of grief from students and staff alike.
While the original penguin has never been recovered or its assailants identified, rumours abound that it was the work of students from LSE’s arch rivals Kings College London.