SIR – When Victorian England tried to build the London Underground, the private sector wasn’t interested – there were no commercial profits.
Far-sighted politicians pointed out that the long-term, wider economic/social profits would far exceed the costs, so Government intervened.
Sadly, modern UK companies are obsessed with short-term commercial profits. We need to ditch the Quick Quid, Wonga approach.
Instead, we need to borrow to invest in science research and development, and a massive infrastructure programme. We need to increase taxes on the better-off and reduce our bloated aid budget by half, releasing £5.5 billion every year.
The British capitalist model of bankers and big business crooks needs a massive overhaul by an inspired political leader.
Trevor Hope, Harrogate Road, Eccleshill
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