Peter Heslam looks at the late Anita Roddick's legacy, and her argument that because it has surpassed both church and state in power and influence, business should assume moral leadership in society. It has to shift its emphasis from the material to the spiritual, she declared.

Peter Heslam argues that the corruption row surrounding World Bank chief Paul Wolfowitz taps into wider issues about money and development. Both the Bank and its critics have much to learn, he says.