In a speech to small business leaders George Osborne has defended the bonus culture as a necessary means to "reward success." How paying failed bankers huge bonuses for abject failure fits into this he didn't say. He did, however, say that it is not the bonus culture that is responsible for the economic chaos of the last few years but people criticising it. "It draws too much adverse attention and fosters an anti-business mentality," he told the "News In Shorts." "What we have to do is stop people from exercising their democratic rights and daring to crticise their betters. Business is the be-all and end-all of our national life and the masses should shut up and suffer in silence. The most important thing is that markets have to be free in order for business leaders to be as stupid and grasping as they like. Success is not measured by how wealthy ordinary people are but by how much executives manage to steal and how much tax they can avoid. No one has done more than this government to ignore the glaringly obvious or to tackle the "too big to fail" problem by pretending its not there. I stand by my record as the most successful Chancellor ever to completely destroy the British economy."
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