The 2008 financial crisis showed clearly that free market globalised capitalism has had catastrophic consequences. Financial institutions which were meant to working for the benefit of all collapsed but, because of their privileged position and their access to those in power, the free market that they promoted was temporarily discarded in favour of massive taxpayer funded bailouts. Subsequently national deficits soared and, we are told, that we must endure many years of austerity because of this. Meanwhile the bankers returned to business as usual. See Money & Debt How They Really Work

Sustainability England believes that money should be our servant and not our master. Economic growth should not be pursued at the expense of happiness and a fairer economy would bring real lasting prosperity. Workers should be given meaningful democratic control of the companies in which they work and a fair share of generated profit. See Work & Workers Co-operatives

Western society must reject the calls from the left to dismantle capitalism and replace with a Marxist economy, but call for strategies that redistribute wealth and worker's participation via Compasionate Capitalism.

Economic policies should encourage wealth creation and entrepreneurship but promote equality of opportunity (not outcome) and an efficient and fair welfare state. See Benefits Is There A Fairer System?

OBJECTIVES

Banks should be broken u so none are "too big to fail"

Companies should be part owned by employees with democratic rights as per the John Lewis Partnership model.

Income tax allowance to be abolished in favour of a Basic Income to be paid to all citizens. If unemployed this will be in return for undertaking national service in government business initiatives or social services in a workfare scheme. 

 

Tobin Tax to be introduced to discourage financial speculation on currencies.

Immigration points system must ensure cheap labour doesn't undercut working conditions.

Essential services, utilities, public transport, social housing, to be nationalised with working conditions tied to those in the private sector in return for a no strike agreement.

To aim for national self sufficiency in essential goods and promote via government business initiatives & workfare as above.

Promote environmental initiatives - renewable energy, organic farming, eco housing etc via government business initiatives & workfare as above.

Where self sufficiency is not possible fairtrade to be promoted to  level the playing field between national goods and cheap foreign imports but at the same time helping producers in disadvantaged countries.

 

Encourage the reduction of working hours via improved working terms in order to reduce unemployment  and promote wellbeing

Cui bono

"whom does it profit?"

The story of the 2008 financial crisis

John Lewis Business Model

Basic Income talk 

Jordan Peterson on growing inequality and its likely outcomes

The Truth About Immigration

Explanation of Fair Trade

For further information see

Economic Reform https://neweconomics.org/

John Lewis Partnership https://www.johnlewispartnership.co.uk/about/who-we-are.html

Basic Income https://www.basicincome.org.uk/about_us

Income Inequality https://www.equalitytrust.org.uk/scale-economic-inequality-uk

Immigration https://www.migrationwatchuk.org/

Fairtrade https://www.fairtrade.org.uk/

 

Reading List

Whoops!: Why Everyone Owes Everyone and No One Can Pay - John Lanchester

Economics: The User's Guide - Ha-Joon Chang

The Global Minotaur: America, Europe and the Future of the Global Economy - Yanis Varoufakis