If little is done to stop capitalism from doing harm, its claim to be a positive thing seems dubious.

It was a poor week for capitalism last week. Astonished by what they witnessed, two Commons committees and a large list of well-paid individuals blamed everyone but themselves for BHS’s demise. In the meantime, Mike Ashley acknowledged some of the responsibility for events at his Sports Direct, but he also had to admit that some of his employees had actually received less money than the minimum wage.

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