"The bottom line is that much of the glue that has held British society together since the Second World War has been deliberately removed and replaced with a harsh and uncaring ethos.”
Professor Philip Alston, UN Special Rapporteur on extreme poverty and human rights
“I reject the idea that there are vast numbers of people facing dire poverty in this country. I don’t accept the UN rapporteur’s report at all … of course, there are people struggling with the cost of living. I understand that. But the point is that we are addressing these things through getting to the root causes.”
Philip Hammond, Chancellor of the Exchequer
Who is right? The ‘social glue’ to which Professor Alston refers is of course the welfare state, but it has resulted in a colossal public debt burden while wealth polarisation, to which we drew attention before the EU referendum in June 2016, has dogged both Labour and Conservative administrations over the past decades.
What are the root causes of poverty to which Hammond refers, and is the stick of restricting benefits really the only way to tackle them? How about the carrot of empowerment, fuelled by genuinely democratising wealth creation?
Please READ ON .. as this week we consider how economic progress needs to be measured across all levels in society using tools which are more effective than raw economic aggregates such as GDP, and how we should be making more use of the ‘carrot’ of energising the disadvantaged, through egalitarian capitalism. In this respect it’s good to hear that Esther McVey’s push for ‘blue-collar Conservatism’ is finding a place in Boris Johnson’s team.
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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.
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.