“When given word association options, capitalism is linked most often to ‘the rich, corporations, exploitation and unfairness’. Socialism, in contrast, gets most associated with the terms ‘workers, people, equality, fairness, opportunity, and community.”
Ryan Bourne, quoting from IEA report ‘Left Turn Ahead?’
In last Friday’s Telegraph Business section, Ryan Bourne helpfully drew attention to the Institute of Economic Affair’s (IEA) July survey ‘Left Turn Ahead?’, which surveyed young people’s attitudes towards capitalism and socialism. Their conclusions should worry everyone who believes in free market democracies.
The fact is that ‘capitalism’ has become so heavily intermediated, controlled by financial institutions and the elite, that younger generations simply don't recognise how it can offer them participation.
So please READ ON .. as this week, conscious that we are in the middle of Party Conference season here in the UK, we set out the urgent case for overhauling our approach to economics.
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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.