Taking Tea With Marxists

It says a lot about the turbulent state of British politics these days that one of the most sought-after invitations in business circles is tea with a man who owns a copy of Chairman Mao Zedong's Little Red Book and lists "fomenting the overthrow of capitalism" as one of his main inte...

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Bibliographic Details
Published in:Bloomberg businessweek (Online) 2018-01, p.32
Main Authors: Penny, Thomas, Hellier, David, O'Donnell, Svenja
Format: Magazinearticle
Language:English
Subjects:
Capitalism
Lobbyists
Political parties
Politics
Tea
Online Access:Get full text
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Summary:It says a lot about the turbulent state of British politics these days that one of the most sought-after invitations in business circles is tea with a man who owns a copy of Chairman Mao Zedong's Little Red Book and lists "fomenting the overthrow of capitalism" as one of his main interests. John McDonnell, a stalwart of Britain's opposition Labour Party, has met with dozens of chief executives, fund managers, and bankers in the past six months, the party says. Under the leadership of Jeremy Corbyn, Labour defied detractors and the polls to grab 40% of the vote in last June's national election-the party's best showing since 2001. In fact, the prospect of Labour winning power has begun to overshadow Brexit as the biggest wild card for executives and investors, according to lobbyists and advisers. One way for Labour to cozy up to business may be to capitalize on Brexit, which large corporations and banks opposed.
ISSN:0007-7135
2162-657X