“Liberty is always unfinished business."
Title of American Civil Liberties Union Annual Report, 1955
The stand-off between capital and labour goes back to the start of economics as a field of study, and beyond: arguably it’s rooted in the mediaeval feudal system. It’s high time we move away from seeing a confrontation between these two vital ingredients of human progress, and towards a combination - so that all can share in the rewards of modern technology, and enjoy both wages and dividends.
That means extending share ownership throughout society - and these commentaries have frequently shown how to achieve that aim. But with share ownership comes a responsibility, to help steer the great engines of economic growth, and that means taking an interest in these companies - and voting.
The Law Commission wants to achieve much greater share owner participation, and a few days ago it published a substantial scoping report. So please READ ON .. as this week we take a look at their ideas and add some more, drawing also on our commentary of 29 May 2018.
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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.