There are well-known people who are vilified during their careers only to seem heroic in retrospect. And then there are others who are lionised in their prime, and only later do we realise how harmful their actions truly were.

So it is with Jack Welch, who died on Sunday at the age of 84. I know we're not supposed to speak ill of the dead, but his effect on American capitalism was too profound - and too destructive - to go unmentioned.

Bloomberg