Share Sounds. from Thought for the Week

The huge take-up of ChatGPT over recent weeks has brought the challenge of Artificial Intelligence into sharp relief. As the Chief Executive of its creator, OpenAI, said in one of his blogs, 'Artificial Intelligence will bring unimaginable wealth but, unless something changes, most of us will get none of it. We need a radical solution'. Conventional wisdom sees Universal Basic Income as the way through this dilemma, but this will only bring us more state intermediation and human subservience. We can put forward a better solution, by enabling all to share in the wealth that technology brings and to play their part in its future governance. Background music: 'Digital Solitude' by Silent Partner

If you’re currently aged between 43 and 59, start watching the news carefully: the chances are that the Government has you firmly in its sights. Of course there's much talk of getting you back to work, if you're one of the 'economically inactive' following the pandemic — but they also have it in mind to make you wait a couple of years longer before your pension can start. For every downside there is, of course, an upside: but that flows 100% to the Government, since HM Treasury would see a windfall of c. £10 billion pa. Be prepared to roll your sleeves up, unless you can master new technologies! Background music: 'Officer of the Day March' by the United States Marine Band

The Resolution Foundation's paper 'ISA ISA Baby' released last week drew a scathing response from This Is Money, and understandably so. Their analysis of the inadequate attention given to building savings and investment in low-income families was very much on target, but they chose to accompany it with an ill thought-out and uninformed attack on the most successful long-term savings and investment plan in the United Kingdom, the Individual Savings Account. The route to a more egalitarian form of capitalism is not by attacking aspiration by penalising those who are successful and thrifty. Savings are not just for a rainy day — they bring economic freedom. Background music: 'Resolution' by Wayne Jones

Everyone knows the key ingredients which provide the best opportunity for a young person to achieve their potential in adult life. Love and encouragement are right at the centre but, following close behind, there’s the need for some financial resources and life skills in order to give them the best opportunity for success. For young people in care, the last two of these plus plenty of encouragement are provided through The Share Foundation, which has just published its 2022 annual report. It also operates a major recovery campaign for the Child Trust Fund which focuses attention on supporting young people in low-income families throughout the United Kingdom. Background music: 'Ammo' by Density & Time

New Year resolutions are in the air, and both Sunak and Starmer set out theirs in speeches on 4th and 5th January respectively. Much of the media reporting was drowned out by Harry's book and associated interviews, and headline objectives such as halving inflation and restoring growth were somewhat 'motherhood and apple pie'. But dig deeper (there are links to the full texts in the webpage commentary) and there are some gems to be found, although they still merit some close scrutiny. However George Bush's 1988 quote seems to encapsulate their performance: 'What's wrong with being a boring kind of guy?' Background music: 'Resolution' by Wayne Jones

Our understanding of science moves forward relentlessly: it feels that we are not far from unwrapping the nysteries of the spiritual dimension. For example, the seemingly impossible basis of communication which is quantum entanglement, illustrated by murmurations, appears to be beyond the limitations of the known laws of physics — could this be the route by which the disciplines of spiritual and scientific endeavour can converge? Meanwhile the established Churches seem locked in tradition as they struggle to present the message of love and servant leadership which Jesus brought. Background music: 'In the Temple Garden' by Aaron Kenny Image source: Geograph © Walter Baxter

Liz Truss and Kwazi Kwarteng could have done with the House of Lords Economic Affairs Committee report 'Where have all the workers gone?' to supplement our commentary on 26th September 'Workforce Capacity is the Missing Link'. It was, however, published a couple of working days before Christmas, and it prompted us to consider again what's happened to the more than half a million people who are not employed and not claiming benefits. So, supported with evidence from the excellent Oldie magazine, we offer a few thoughts on a wide variety of enterprising activity that these older folk could be doing — and we round off this episode with a further suggestion for entrepreneurial activity which the Government might support in due course. Background music: '64 Sundays' by Twin Musicom, licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/ Artist: http://www.twinmusicom.org/

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

Last week's rather under-stated 'Edinburgh Reforms' will pave the way for a major step forward in the UK's contribution to global financial services. In what Mark Austin describes as a 'Darwinian evolution', this broad set of regulatory changes not only frees the City from decades of living under the European Union umbrella of directives, but also continues with measures to ease over-reaction following the 2008 financial crisis. Background Music: 'The New Order' by Aaron Kenny

Last week's Census announcement, that the population of those in England and Wales who identify as Christian has fallen below 50% for the first time in 1,500 years, contrasts strongly with the fact that the secular culture which surrounds us is more deeply embedded than ever with the values that Jesus taught — arguably more so than the Church itself — to love our neighbours as ourselves. How did the Church get left behind, and what should it learn from those who are not its members? Background music: 'Not Forgotten' by Dan Lebowitz