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Infantile leftist

A new critique of the corporate state has been the focus of extensive media attention. It is intellectually vacuous

By Martin Wolf   July 2001

There, on the cover of The Silent Takeover, sits a young woman. She sprawls in an armchair, with a booted leg draped nonchalantly over one arm. The chair is placed, incongruously, on muddy ground by a small river. Our prophetess looks at the reader, mouth slightly parted. Thus do we meet the pundit as poseuse. Infantile leftism takes on a new and attractive form.

What is Noreena Hertz-an academic at the Judge Institute, Cambridge University-trying to tell us? The “silent takeover” began, she writes, with Margaret Thatcher in 1979. Global corporations were apparently, invisible and uninfluential before then. But capitalism…

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