" In an interview with The Daily Telegraph, the former prime minister launches a defence of the free market and liberal economic rules established by the Thatcher government.
The approach promoted by Baroness Thatcher’s government is not to blame for the recent financial and economic crisis, Mr Blair says, warning against taking vengeance on bankers and increasing State intervention in the private sector.
We must not start thinking that society will be better off “if we hang 20 bankers at the end of the street”, Mr Blair says.
Big international banks are still the focus of public and political attacks for what critics say was their role in causing the financial crisis.
Mr Blair cautions against letting that anger lead to regulations that could reverse Lady Thatcher’s work to reduce government involvement in free markets.
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Mr Blair’s intervention is likely to prove controversial because of his commercial interests since leaving Downing Street five years ago. He is an adviser to JP Morgan, a US investment bank; Zurich, a Swiss financial firm; and has clients, including several governments, which are said to deliver an annual income of about £20 million. (What can he possibly advise on to make so much money? He surely must be in The Times Rich 1000 list by now?
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Source: Tony Blair: hanging bankers won't help - Telegraph
Bliar has been very active recently - can he possibly try the come back?
I blame Thatcher
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