“A member of the Bank of England’s Financial Policy Committee has said the Occupy movement was right to attack the global financial system, in a speech to protesters in London on Monday evening.”

“Andrew Haldane said the Occupy movement – which started with protest camps on Wall Street and in the City of London last year – had helped persuade bank executives and policy makers that banks must behave in a more “moral” way.”

“Occupy has been successful in its efforts to popularise the problems of the global financial system for one very simple reason; they are right,” he said, in the speech entitled “Socially Useful Banking”.

“Picking up on the movement’s slogan of “we are the 99 per cent”, he said: “Occupy have touched a moral nerve in pointing to the growing inequities in the allocation of wealth and incomes globally. The 99 per cent certainly agrees. But so, more interestingly, do a high and rising share of the 1 per cent.”

“Mr Haldane said Occupy had played a role in bringing about the “most radical agenda of financial reform for 80 years”.

So do we all assume that everything is alright now, given that the 1%  have accepted culpability for unacceptable and growing economic and social inequities?