Peter Mandelson's failed revolution

Yes

After Wolfgang Streeck: #corruption is a symptom of financialised capitalism in globalised world

#TooMuchFinance
unherd.com/2026/02/pete...

Why Rachel Reeves should give bankers more of the cold shoulder at Davos 2026 | Heather Stewart The chancellor has been cosseting City lenders to fuel economic growth but studies show UK plc would be better served by trying to keep them in check

From our #TooMuchFinance conference last week to #Davos: when finance outgrows the real economy, it starts causing harm and must be held to account.

Read more on the implications in the Guardian: www.theguardian.com/business/202...

📢 Day 2 of the #TooMuchFinance conference explores evidence that bigger finance doesn’t mean better outcomes. Experts at LSE will discuss how oversized financial sectors affect growth, inequality, and policy.

Find out more: bit.ly/3Z99xIX

Myth: Taxing the wealthy is impossible.
Fact: That's already happening.
At the #TooMuchFinance event in London our co-chair @jayatighosh.bsky.social pointed to the examples of Colombia, France, & California.
Org: @taxjustice.net @lseinequalities.bsky.social...

📢 Starting today, the #TooMuchFinance conference explores evidence that bigger finance doesn’t mean better outcomes. Experts at LSE will discuss how oversized financial sectors affect growth, inequality, and policy.

Find out more: bit.ly/3Z99xIX

Too much finance does more harm than good, international research conference warns - Tax Justice Network Experts will gather in London to present evidence showing that oversized financial sectors undermine economic performance & fuel inequality.

📈Too much finance can hurt growth

For years, economic policy has treated financial sector growth as a shortcut to success. But evidence tells a different story. #TooMuchFinance conference highlights how excessive financial sector growth can slow, not boost, the economy. 👉https://bit.ly/3Z99xIX

London becomes ‘quant’ powerhouse as traders rake in revenues A pipeline of skilled graduates is helping the UK build out its expertise in algorithmic trading

"Top graduates" could be tackling polycrises, meeting humans & nature's urgent need for solutions.

Instead they "use mathematical models combined with vast amounts of data & computing power to spot correlations & asymmetries in asset prices & make bets"

#TooMuchFinance
www.ft.com/content/8a65...

How our brightest minds get trapped in the City Money is just one reason why graduates are drawn to finance, management consulting and corporate law

One reason why #TooMuchFinance is a huge issue: it is a massive waste of human capacity in this world of polycrises, the opportunity costs

www.ft.com/content/f01c...

ANZ fined record $160mn over bond trading and customer account issues Bank ‘time and again . . . betrayed the trust of Australians’, says regulator

The #FinancialSector - out of control and doing enormous damage around the world.

#TooMuchFinance
www.ft.com/content/8c25...

The strains on the private equity model are showing Firms are still struggling to deal with a lack of exits from their investments

The #FinancialSector - a threat to the security of us all.

#TooMuchFinance #Financialisation
www.ft.com/content/f86c...

UK to regulate ‘buy now, pay later’ lenders in legal overhaul New legislation will make companies such as Klarna and Clearpay answerable to Financial Conduct Authority

#GoodNews #CampaigningWorks

#Debt #TooMuchFinance
www.ft.com/content/fb47...

Cash-strapped Maldives to build $9bn blockchain hub in bid to lure investors Dubai-based family office plans financial zone for the Indian Ocean archipelago

#TooMuchFinance - could there be anything the Maldives needs less? The example of Iceland looms large

www.ft.com/content/70cb...

‘It might be gutted’ – Boots braces for dose of private equity’s bitter medicine The 176-year-old chemist is preparing for another change of hands. What’s the mood of staff and residents at its home base in Nottinghamshire?

Boots is on the auction block. Again. None of this has anything to do with the "efficient deployment of capital" or "investment"

#TooMuchFinance
www.theguardian.com/business/202...

Letter: Finance is being used for destructive purposes From Natalie Bennett, Green Peer, House of Lords, London SW1A, UK

Instead of #TooMuchFinance, focus resources, human, physical and economic, on the real economy and the physical basis of our world
www.ft.com/content/ac98...

Banks fined £105m over unlawful sharing of UK bond details The competition regulator investigated misconduct by individuals at Citigroup, HSBC, Morgan Stanley and Royal Bank of Canada

The #FinancialSector - centre of dysfunction and risk to the security of us all

#TooMuchFinance
www.thetimes.com/business-mon...

Economists and policy experts warn Reeves against City deregulation Nobel laureate Joseph Stiglitz among 50 signatories of statement that points to risks to Labour’s wider aims

The #FinancialSector is a threat to the security of us all. We already have #TooMuchFinance

What if those highly qualified PhDs went into the real economy instead, tackling issues in health, education and #FoodSecurity?
www.theguardian.com/business/202...

My letter in the Financial Times - #TooMuchFinance, and the wrong sort of finance, supporting environmental destruction and economic exploitation

Financial Times headline: Reeves demands Coty watchdogs allow greater risk in push to promote growth

Will they ever learn?

Rachel Reeves echoing Gordon Brown's infamous 2006 Mansion House speech celebrating growth of #FinancialSector. We know where that ended.

More finance - more misdirected resources, far more risk

#TooMuchFinance #resilience