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'Crony capitalism': Jesse Norman MP's reform plan

10 January 2012 Last updated at 13:59 GMT

Jesse Norman from the Conservative Free Enterprise Group who coined the "crony capitalism" phrase explained how it went wrong.

The MP told Giles Dilnot how to put the system back on track as he spoke of a "properly-governed market" but rejected the ideas put forward by Ed Miliband for the economy.

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