The unacceptable face of capitalism

David Pearson

In light of the recent Volkswagen emissions scandal, this article argues that for too long, some of the leading companies in the world have behaved as if the law does not apply to them.

The unacceptable face of capitalism

David PearsonThe Worshipful Company of Marketors

The VW emissions scandal illustrates that for too long, some of the leading companies in the world have behaved as if the law does not apply to them.

In 1973 the British Prime Minister Edward Heath, in a statement in the House of Commons on the Lonrho affair, said: "It is the unpleasant and unacceptable face of capitalism, but one should not suggest that the whole of British industry consists of practices of this kind." The phrase 'the unacceptable face of capitalism' stuck to Lonrho's reputation and that...

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