“All babies are born naked, but soon after some are dressed in expensive clothes bought at the best boutiques while the majority wear rags.”
So begins the book ‘Talking to My Daughter - a brief history of capitalism’ by the former finance minister of Greece. He points directly at the great Achilles heel of capitalism but, buried in this quotation, there lies the great opportunity to tackle it by intergenerational re-balancing.
In just four weeks’ time, the first of six million young people throughout the United Kingdom will get access to their Child Trust Funds as they reach their 18th birthday. For the next 8 ½ years, this radical opportunity to empower a generation of disadvantaged young adults will be with us. If it works, Gordon Brown and Ruth Kelly will have shown the world how to solve one of the greatest economic dilemmas: how to retain the vibrant wealth creation attributes of capitalism, whilst at the same time allowing each new generation the chance to benefit from it.
Giving young people some money with which to start life is, however, only half the story. The other half is to build that vital sense of ownership - and responsibility - which comes with learning financial awareness. So please READ ON .. as this week, after providing a range of recent analysis on why this is such an urgent problem, we show how incentivised learning can provide the same breakthrough for young disadvantaged people in developed countries as micro-finance has done for poverty-stricken adults in India and Africa.
Please note that there's a £4.99 monthly subscription charge for listening to Share Radio, as either our live stream or podcasts. Listening to Share Music and selected podcasts (eg episodes of Managing My Money) is free.
After you first enter your email address and have activated it with your bank details, you shouldn't have to enter it again - as your computer or mobile device will remember that you've signed up.
When you just need some relaxing background music for reading, writing or entertaining, Share Music is there with an almost unbroken flow of instrumental folk music. It's a great complement to Share Radio, and if you buy an internet radio from us you'll find both Share Radio and Share Music preset and all ready to go.
Share Music has a great mobile app, Share Music UK, which displays information on tracks played.
In a new partnership with publishers Harriman House, Share Radio has produced its first audiobook 'Superinvestors', written by Matthew Partridge and read by some of Share Radio's best known presenters: Simon Rose, Fenella Fudge, Glen Thompsett, Ed Bowsher and accomplished actor David Ricardo Pearce, whose ancestor is featured in the book.
Here's your 100% internet Ocean Digital WR-220 radio, pre-set with both Share Radio and Share Music channels!
With access to over 15,000 more radio stations across the world.
Very competitively priced at -
£57.95 + £5 post/packing (UK delivery)
Welcome to Gavin Oldham's full presentation describing his vision for egalitarian capitalism.
The main set of proposals are as follows:
Egalitarian Capitalism is an alternative to socialism which, while fostering and encouraging enterprise for all, acts to involve and empower people right across society and especially the young.