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Gavin Oldham

Thought for the Week: Democratising AI Ownership

Gavin Oldham
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Thought for the Week

Thought for the Week: Democratising AI Ownership
In a world absorbed with tension and conflict, it says something about the significance of AI that Rishi Sunak was able to host the conference at Bletchley Park, with government representatives from twenty-eight nations and eight leading Artificial Intelligence businesses. Warnings abound both within and outside the AI industry, including for its impact on employment, to which we referred nearly six years ago. However, is the Bletchley Park gathering just evidence of the rich and powerful flexing their muscles yet again to take control? Surely we should be looking for an alternative, offering mass participation in wealth creation and democratisation through distributed governance? Background music: 'Digital Solitude' by Silent Partner
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Gavin Oldham

Thought for the Week: Could Africa benefit from Incentivised Learning?

Gavin Oldham
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Thought for the Week

Thought for the Week: Could Africa benefit from Incentivised Learning?
Last week we heard of sixty migrants dying in an attempt to reach Cape Verde across the Atlantic Ocean: young people risking all for a better life. But, as we wrote on 15th May, it's the underlying challenges, including conflict and poverty, that must be addressed. Global problems like these require global solutions: we suggest a combination of inter-generational rebalancing funding a programme of incentivised learning for young people across Africa, providing them with the resources and life skills to start achieving their potential. Background music: 'Six by Eight' by Jimmy Fontanez_Media Right Productions. 15th May Commentary link: https://www.shareradio.co.uk/thinkingaloud/newsletters/comment-wc-2023-05-15/
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Gavin Oldham

Thought for the Week: The Social Merits of Long-Term Ownership

Gavin Oldham
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Thought for the Week

Thought for the Week: The Social Merits of Long-Term Ownership
What is the psychological effect of individual ownership — and, notwithstanding the low starting point, how can we bring a sense of ownership right across society? Is the rate at which people discount the future impacted by their sense of ownership and thereby their sense of responsibility for the future? Background music: 'Everything Has a Beginning' by Joel Cummins
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Gavin Oldham

Thought for the Week: Russia in Crisis

Gavin Oldham
Original Broadcast:

Thought for the Week

Thought for the Week: Russia in Crisis
Last Saturday's trail of chaos exposes the challenge facing Russia, absorbed in conflict and with its people living in fear and poverty. Plans are urgently needed to find a way out of this mess. But it has to start with ending the violence in Ukraine. Could there be a role for UN peacekeepers to help while Russia looks for a new way forward? Background music: 'Russian Dance' by Joey Pecoraro
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Gavin Oldham

Thought for the Week: Repurposing and Reforming Inheritance Tax

Gavin Oldham
Original Broadcast:

Thought for the Week

Thought for the Week: Repurposing and Reforming Inheritance Tax
Former Chancellor of the Exchequer and Children's Minister Nadhim Zahawi MP set out a strong case for abolishing inheritance tax in last Wednesday's Telegraph. It certainly needs its purpose defined and structural reform — however young people from disadvantaged backgrounds really need starter capital accounts and life skills to break the cycle of deprivation that ties them down, and hypothecation of inheritance tax receipts would transform inter-generational rebalancing. Background music: 'Everything Has a Beginning' by Joel Cummins
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Gavin Oldham

Thought for the Week: Tip of the Iceberg

Gavin Oldham
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Thought for the Week

Thought for the Week: Tip of the Iceberg
'Stop the boats' calls the UK Prime Minister, but there's no linking of his short-term strategy to the big global issues which are driving migration: conflict, poverty and climate change. That's why the Archbishop of Canterbury called for a new approach in the House of Lords last Wednesday, seeking to tackle the causes rather than just the symptoms, and calling for a long-term perspective to address these challenges. This episode contains his full speech in parliament. Background music: 'Freedom' by Dan Lebowitz
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Archbishop of Canterbury (House of Lords)

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Gavin Oldham

Thought for the Week: Democracy’s struggle with the long-term

Gavin Oldham
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Thought for the Week

Thought for the Week: Democracy’s struggle with the long-term
Democracy is a great blessing, but it has a major Achilles Heel — it is not good at coping with all the long-term issues which are growing in number and importance. Trying to address long- and short-term issues together without specific definition will always handicap the former. That's why Princess Anne focused correctly on this challenge in her interview with the Canadian Broadcasting Corporation — but monarchy can do little more than draw attention to the problem, which needs constitutional and political resolution. We propose a way forward out of this dilemma, suggesting how the United Kingdom can set a course for the democracies of the world to follow. Background music: 'Saving the World' by Aaron Kenny Image source: BBC Research, based on National Archives Federal Reserve Economic Data
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Gavin Oldham

Thought for the Week: Understanding Stock Ownership

Gavin Oldham
Original Broadcast:

Thought for the Week

Thought for the Week: Understanding Stock Ownership
The first SHARE conference in Cambridge last Friday provided much food for thought, and comments particularly drew attention to the need for widespread understanding of stock ownership if 'Stock for Data' is to take hold. In financial terms and because equity stock in companies is a surrogate for human enterprise, earnings from capital growth and dividends massively outperform bonds and cash over the long term; meanwhile stock owners have a key role in contributing to the governance of their companies, as employee shareownership has shown. All this needs straightforward and intelligible communication. Background music: 'Communicator' by Reed Mathis
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Gavin Oldham

Thought for the Week: Underlying Principles for Taxation

Gavin Oldham
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Thought for the Week

Thought for the Week: Underlying Principles for Taxation
For the past 250 years, starting with Adam Smith, there have been valiant attempts to set out principles for taxation: but they have been principally domestic, and with no attempt to address inter-generational rebalancing. Without specific provisions requiring hypothecation of inheritance levies it's hard to see how disadvantaged young people can be empowered with resources and life skills so that all may share in future wealth creation. Don't expect change in this week's Budget, but the Treasury Select Committee should look again at the principles they established over ten years ago. Background music: 'Dark Alley Deals' by Aaron Kenny
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Gavin Oldham

Thought for the Week: Moving on from 2022

Gavin Oldham
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Thought for the Week

Thought for the Week: Moving on from 2022
Let's hope that, as we approach 2023, we can start looking ahead in contrast to the wave of pessimism with which we greeted 2022, and which has proved to be so accurate in retrospect. Is it too much to hope that we are at the nadir of the economic cycle, and at the point when tyrants recognise the limits of force and suppression of individual freedom? Is it unrealistic to imagine a world in which we share our resources more willingly, and empower young people from all backgrounds to achieve their potential? The next two weeks will give us a chance to reset the dial — we must do better in 2023. Background music: 'O Holy Night' by DJ Williams
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