Skip to main content
The Tories are the party of crony capitalism

THIS month Michael Gove gave a speech at Policy Exchange. The speech was boosted much further than the average Tory think tank talk: the Daily Mail headline read Gove’s Crony Capitalists Crackdown: He Declares War on Fat Cat Executives Who Have ‘Rigged the System’ to Build Huge Fortunes.

Attacking the worst aspects of capitalism is a familiar ritual for Tory wannabe leaders. In 2010 David Cameron gave a speech, also decrying “crony capitalism.” 

On becoming Prime Minister in 2016, Theresa May gave a speech saying she would fix the “burning injustice” of unfairness to poor and black British people, take on the “powerful,” the “mighty” and the “wealthy.” 

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
Similar stories
The Canary Wharf skyline viewed through the haze from Alexandra Palace, north London
Features / 12 September 2025
12 September 2025

Climate justice and workers’ rights movements are uniting to make the rich pay for our transition to a green economy, writes assistant general secretary of PCS JOHN MOLONEY, ahead of a major demonstration on September 20

Prime Minister Tony Blair welcomes American President George W Bush to the first meeting of the G8 Summit at the Gleneagles Hotel in Scotland, July 7, 2005
Features / 26 June 2025
26 June 2025

While Hardie, MacDonald and Wilson faced down war pressure from their own Establishment, today’s leadership appears to have forgotten that opposing imperial adventures has historically defined Labour’s moral authority, writes KEITH FLETT

Mexican President Claudia Sheinbaum looks on during her morn
Features / 20 June 2025
20 June 2025

DAVID RABY reports on the progressive administration in Mexico, which continues to overcome far-left wreckers on the edges of a teaching union, the murderous violence of the cartels, the ploys of the traditional right wing, and Trump’s provocations