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Programme: Thought for the Week
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Gavin Oldham

Thought for the Week: Health & Education Shortcomings hold back UK Growth

Gavin Oldham
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Thought for the Week

Thought for the Week: Health & Education Shortcomings hold back UK Growth
Adam Smith set out the foundation building blocks for economic growth in the Wealth of Nations, and capital and labour were the key components — Jeremy Hunt says he is now pursuing growth as his key priority, and there's no doubt that increasing capital availability in both public and private sectors will help: but where is the labour capacity? It's on NHS waiting lists. Background music: 'The Nexus Riddim' by Konrad OldMoney
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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: The Black Hole of Economics

Gavin Oldham
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Thought for the Week

Thought for the Week: The Black Hole of Economics
Enjoy this entertaining romp through capitalist economics from the demise of feudalism to Thomas Picketty’s book ‘Capital in the 21st Century’, but a careful search for any mention of inter-generational rebalancing will leave you disappointed. Welcome to the Black Hole of Economics, the elusive feature which keeps us from integrating free enterprise and individual empowerment with fair provision of opportunity for each new generation to enable them to achieve their potential in adult life. Background music: 'Generations Away' by Unicorn Heads Order 'Capitalism - A Graphic Guide' here: https://uk.bookshop.org/p/books/capitalism-a-graphic-guide-dan-cryan/1475839?ean=9781785785146
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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: Public Finance Disasters in small print

Gavin Oldham
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Thought for the Week

Thought for the Week: Public Finance Disasters in small print
Government Debt at the end of June '23 was £2.53 trillion, or £38,000 for every person living in the UK. This will be increased by 10% as a result of HM Treasury indemnifying the Bank of England for their QE losses and the cost of the dysfunctional HS2 project. Hidden away on page 54 of the Infrastructure and Projects Authority Annual Report is where you can find their assessment of the huge HS2 project: then check out William Hague's Times article, 'HS2 has gone from shambles to red alert'. Please visit the Share Radio webpage for links. Background music: 'Sarabande' by Joel Cummins
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Gavin Oldham

Thought for the Week: Monopolies are not the answer

Gavin Oldham
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Thought for the Week

Thought for the Week: Monopolies are not the answer
With aggregate annual licence fee income of £3.7 billion, a degree of self-interest and parochialism which permeates its coverage, and swiftly-reducing interest from young people, the BBC's 100th anniversary poses more questions than answers. Meanwhile the National Health Service, celebrating its 75th anniversary, spends over £158 billion a year in England alone: but still struggles with record waiting times and dismal GP service to patients — yet more evidence of the dysfunctionality of quango monopolies. Background music: 'The New Order' by Aaron Kenny
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Gavin Oldham

Thought for the Week: Financial Legacies

Gavin Oldham
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Thought for the Week

Thought for the Week: Financial Legacies
The shining towers and ivory walls of the City of London — many of our financial trials and tribulations can be traced back to October 1986, when the clear distinction between self-interest and acting in the interests of customers was abruptly brought to an end in the 'Big Bang'. Among those who saw it all happen was legendary market-maker Brian Winterflood MBE, who died on 29th June. His financial legacy, built over sixty years in the City, is massive. Background music: 'Communicator' by Reed Mathis
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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
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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
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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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