When I think about the collapse of values we have been experiencing, two significant moments in my own life come to mind. I was on a walking holiday in Greece; one of my fellow walkers, a friend of a friend, was, I discovered, a lawyer who specialised in PFI (private finance initiative) contracts. I had just been reading George Monbiot’s scathing critique of PFI and the immense extra cost (compared to normal public borrowing) it would impose on future generations (since confirmed by the House of Commons select committee report). So I asked this very well-paid lawyer what he thought about the ethics ...


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