Before the Second World War, L'Oreal in France was an active supporter of the French fascists. The cosmetic group's founder Eugene Schueller was an active member of the 'Cagoule' group, committed to the violent overthrow of the Third Republic, and hosted meetings at Oreal headquarters.

All over the world, social innovation is tackling some of the most pressing problems facing society today - from fair trade, distance learning, hospices, urban farming and waste reduction to restorative justice and zero-carbon housing. But most of these are growing despite, not because of, help from governments.

Understanding capitalism is in some ways simple. At its best, capitalism rewards creators, makers and providers: the people and firms that create valuable things for others, like imaginative technologies and good food, cars and drugs.

Systems governed by only one set of rules are more vulnerable than those with variety.

The really interesting moment will be when you have a critical mass of people engaging through the networks, more than through the press and TV. When that happens, the culture of politics has to change, moving away from controlled one-way messages towards a political culture that is more questioning.

The central position of finance capital is going to come to an end, and it's going to steadily move to the sides, the margins of our society, transformed from being a master into a servant, a servant to the productive economy and of human needs.

All real capitalisms are impure hybrids, mongrels mixed with other strains.