Responsible Capitalism

An end to the zero-sum economy

Dan Faundez  |  18 February 2016

By articulating a vision that spoke about the future and connected with people’s aspirations, the Labour party was able to win three successive general elections. In simplistic terms, the model for the political economy was that government intervention was limited to address market failure and the proceeds of taxation were applied to invest in social …

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Simply ‘more jobs and growth’ may no longer be adequate

Alex White  |  18 February 2016

Does the left have a plan for the next economic downturn? When it comes to thinkpieces on why the left failed to make the most out of a global crisis in 2008, supply has far outweighed demand. But eight years on, a pressing task for the Labour party should be to prepare for the next …

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Manufacturing a revolution

Lucy Chamberlin  |  2 February 2016

The rapid advancement of technology in all areas of life and work is set to destabilise everything from our patterns of consumption and ownership to the ways in which we govern and regulate ourselves. Whether we are now facing the fourth or fifth industrial revolution, as was under discussion at Davos last month, and discussed …

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Why long-termism matters

Dan Faundez  |  1 February 2016

In his leader’s speech to Labour party conference in 2011, Ed Miliband distinguished between two types of business: ‘predators’ and ‘producers’. He promised to crack down on the former. He was on to something at least insofar as he recognised there are good and bad aspects of capitalism. But the concept was simplistic and the …

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Radicalism is not the same as anti-capitalism

Christabel Cooper  |  5 January 2016

Capitalism can be a difficult subject for the left. Attitudes tend to range from those who are downright hostile through to the moderately suspicious. Sometimes those who see genuine positives in a capitalist system are challenged as to how they can even describe themselves as left wing. No wonder that we often just focus policy …

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Why the old tunes aren’t the best

Stuart Hudson  |  21 December 2015

At Christmas, the Labour staff party has at least one difference from the typical office knees-up. Someone, at some point, will ask the DJ to play ‘Things Can Only Get Better’. This year we are told that the sound of D:Ream’s anthem from the 1997 election brought plenty of nostalgic staffers to the dance floor …

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‘Responsible capitalism’ must mean embracing mass empowerment

Adam Lent  |  21 December 2015

Darrell Hammond no longer makes playgrounds. For 15 years, his organisation, KaBoom!, addressed the lack of safe spaces for play in poor communities across the United States by building them. But a couple of years ago, Darrell decided to revolutionise his methods. He put all the tools and techniques needed to create a playground online …

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Time to shape a distinctively Labour economic policy project

David Coats  |  21 December 2015

The Progress editorial this month has correctly identified that the absence of a distinctive Labour project for the British economy has made it difficult for us to re-establish our credibility and take George Osborne successfully to task. All politicians claim to be concerned about the United Kingdom’s productivity problem and even the Tories would not …

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Partners for a new kind of growth

Stephen Kinnock MP  |  21 December 2015

Over the course of the last parliament the Labour party made several attempts to create a new narrative on the economy, and to stimulate a debate around the role of business within that narrative. Phrases such as ‘responsible capitalism’ and ‘pro-business, but not pro-business as usual’ were the watchwords. But they failed to gain traction, …

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The Cumbria floods: out of the textbooks

Rachel Burgin  |  21 December 2015

Thousands of families made homeless weeks before Christmas, key transport routes torn to shreds by the sheer force of nature, families unable to buy food due to supermarkets being flooded, children unable to sleep because they are frightened of the weather, schools posting homework on their website so their pupils can continue their education, hundreds …

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