Clegg Calls for an Era of Responsible Capitalism

The video discusses the business models of Summa, a health food wholesaler, and John Lewis, highlighting their cooperative and partnership structures. Summa's model involves equal shareholder participation, which can lead to slow decision-making. John Lewis operates with profit-sharing among partners, a model supported by Nick Clegg, who advocates for wider capital ownership. The video concludes by acknowledging the benefits and limitations of these models, emphasizing that they are not universally applicable solutions.

What does Nick Clegg suggest about capitalism and the distribution of capital?

In what ways does the cooperative model encourage individuals to work harder?