It’s hardly the end of capitalism, but the horsemeat scandal is showing large food retailers and manufacturers how it feels to be a banker. Meanwhile consumers – or people, as we might style ourselves – don’t know who we can trust. Marketing is seen as manipulative, and delivering profits is represented in the media as exploitation of customers. Sam Laidlaw of Centrica announced decent but hardly sensational results last week – and had to explain to John Humphreys on the Today programme why they hadn’t forgone profits for the sake of “the squeezed middle”. Read More

“Ever tried. Ever failed. No matter. Try again. Fail again. Fail better.” Read More