"Part of the weakness of the political left has been its failure to provide a coherent moral approach to the economy. Indeed, it has been the New Right that has hijacked the debate and propelled a vision of a moral economy, consisting of consumers, entrepreneurs, the family, voluntary self-help organisations, minimal state expenditure and low taxes, more commodification and privatisation.."
http://uk.geocities.com/balihar_sanghera/cmeapproachestocultureandeconomy.html