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Clara Furse, the LSE’s chief executive, has struck out in an increasingly acrimonious debate between US and UK exchange executives over the recent surge in foreign listings in London, saying US capital markets ought to come to terms with the success of Aim, the LSE’s junior market and stop “navel-gazing based on the dubious premise that the US is ‘the home of capitalism’,”. In a letter published in Tuesday’s FT, Ms Furse responds to comments by Neal Wolkoff, chief executive of the American Stock Exchange, who, in an earlier letter to the FT, cited the growing burdens of US regulations on the ability of Aim to compete for listings. In barbed language, Ms Furse takes Americans to task for failing to see that the merits of capital markets outside the US account for their success, rather than the home-grown deficiencies of those within it.