Archie Norman (Chair of M&S) says: 'It’s high time we embrace once again the idea that capitalism rests on consent'!
He's focusing on the shareholding base in the UK which has shrunk, with only 12% if UK shares held by UK citizens as opposed to around 50% sixty years ago.
But, actually Norman has hit upon a much bigger truth - the idea that #businesses work for society now has little credence, leaving many feeling firms are parasite on society & self-serving!
#Business needs to reconnect