In our political system, money is power. And that means a few can have a lot more power than the rest. That's bad news for everyone else - and for our democracy itself.

Well-reported news is a public good; bad news is bad for everyone.

Debate is almost non-existent and no one is apparently accountable to anybody apart from their political party bosses. It is bad news for democracy in this country.

Whatever the eventual judgment, the political implications of Hutton are already clear. A devastating indictment of Labour in power - and of our political system itself.

In the business world, bad news is usually good news - for somebody else.

The greatest power is not money power, but political power.