It's just a jump to the Left

There's an enjoyable lefty critique of financial reform here (PDF). There are some great bits of invective in there:

By the mid 2000s venture capital survived not as a practice but as a rhetorical label which had been appropriated by the BVCA trade association which was defending leveraged private equity.

And:

This is very different from the City of London’s version of “ethical investment” which means more fastidiousness about the coupons which your fund manager buys.

So mean, and so true.