Category archives for Civic Capitalism

Fostering ‘Civic Capitalism’ within regional polities

Daniel Bailey

Not all devolution is necessarily ‘good devolution’ At the recent book launch for the new SPERI book, Civic Capitalism, it was suggested by IPPR North Director, Ed Cox, that cities (and particularly cities in the North of England and Scotland) represented the ‘most likely spatial scale for the development of Civic Capitalism’. He pointed to cities such as Manchester, Glasgow … Continue reading

21 May 2015 by
Categories: Civic Capitalism, SPERI Comment | Tags: , | Leave a comment

The ‘Brexistential’ crisis to come?

Colin Hay and Tony Payne

The prospect of the principles of ‘Civic Capitalism’ being applied in the future to a country still called Britain and still located in the European Union is a dangerously open question We write on the eve of a British general election more delicately poised than any in modern democratic history – indeed, quite conceivably, ever.  It is far from clear … Continue reading

7 May 2015 by
Categories: Civic Capitalism, Colin Hay, Economics, Europe and the EU, Politics and policy, SPERI Comment, Tony Payne | Tags: | Leave a comment

Inequality Redux VII

Andrew Gamble

Why ownership is at the root of inequality The debate on inequality often highlights the increasing disparity in incomes, but to understand why inequality is so persistent we need to ask why wealth is even more unequally distributed than income.  This requires an examination of structures of ownership, how they reflect concentrations of power, and create economic rents.  Redistribution of … Continue reading

2 April 2015 by
Categories: Civic Capitalism, Economics, Inequality, SPERI Comment, Tax | Tags: , | Leave a comment

From MDGs to … SDGs

Gail Hurley

The world has drafted a spectacular new ‘to-do’ list of Sustainable Development Goals Following two years of deliberations at the UN in New York, UN ambassadors have proposed seventeen ‘Sustainable Development Goals’ (or SDGs) to replace the old Millennium Development Goals (MDGs) when they expire at the end of 2015.  The final agreement will come next year. So what’s in … Continue reading

14 October 2014 by
Categories: Civic Capitalism, Development, Inequality, SPERI Comment, Sustainability | Tags: , , , , | 3 comments

Once upon a time in the West

Craig Berry

Andrew Gamble’s new book offers an unrivalled account of the neoliberal fairytale The West – the informal club of the world’s very rich nation-states – has no greater exponent than Andrew Gamble.  That’s not to say that Gamble’s account of the financial crisis and its aftermath, Crisis Without End: The Unravelling of Western Prosperity, is not hugely critical of much … Continue reading

1 October 2014 by
Categories: British growth crisis, Civic Capitalism, Development, Economics, Environment, Global crisis, Inequality, Political theory, SPERI Comment | Tags: , | Leave a comment

Asking the right questions

Fred Block

To get out of the crisis we need to think about radical reforms that produce a greener and more equitable form of capitalism ‘If they can get you asking the wrong questions, they don’t have to worry about answers’ (Thomas Pynchon) Since 2008 people have been asking whether capitalism can be reformed to eliminate dangerous financial speculation and the extreme … Continue reading

17 April 2014 by
Categories: Civic Capitalism, Environment, Inequality, SPERI Comment | Tags: , , , , , , | Leave a comment

‘Civic Capitalism’: locating the new model within the global context

Colin Hay and Tony Payne

We need to build up more intensive and sophisticated mechanisms of global governance capable of serving as the guiding intelligence of the whole global economy A new national model of civic capitalism has inevitably to be located and embedded in a global context.  The extent and the complexity of the interdependence that has steadily grown between national economies and societies … Continue reading

13 March 2014 by
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‘Civic Capitalism’: a shared commitment to reduce inequality

Colin Hay and Tony Payne

We need to recognise that stable and sustainable capitalist development can only be built upon a broader, more equal, social base One of the few positive developments since the crisis has been the increased political salience of the question of pervasive inequality.  Once the almost exclusive preoccupation of critics of contemporary capitalism, it has more recently emerged as a no … Continue reading

27 February 2014 by
Categories: Civic Capitalism, SPERI Comment | 4 comments

‘Civic Capitalism’: bringing in the social dimension

Colin Hay and Tony Payne

We need to develop new social policies that foster the quality of the societies within which citizens live their daily lives under capitalism  We have focused so far in this series of posts on the political and economic aspects of the flawed, and now failed, Anglo-liberal model of capitalist development and of the ‘civic capitalist’ alternative that we have been … Continue reading

13 February 2014 by
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‘Civic capitalism’: Towards an alternative currency of global economic success

Colin Hay and Tony Payne

We need to begin to design a new Social, Environmental and Developmental Index to replace GDP As we have been at pains to shows in this linked series of posts, the model of growth enjoyed by the British economy for the two decades before the crisis and the broader model of capitalism out of which it arose were always inherently … Continue reading

30 January 2014 by
Categories: Civic Capitalism, SPERI Comment | 1 comment

‘Civic Capitalism’: sustainable development through investment

Colin Hay and Tony Payne

We need to move from private debt to public investment as the means to stimulate demand and to link deficit reduction to the promotion of growth A most urgent task for any incoming British government is to fix what is typically called the growth model.  Since the early 1990s Britain experimented with a new kind of growth model – which … Continue reading

16 January 2014 by
Categories: British growth crisis, Civic Capitalism, SPERI Comment | Tags: , , , , , , , , , | Leave a comment

‘Civic Capitalism’: regulation as the only antidote to unstable growth

Colin Hay and Tony Payne

We set out five principles on which to base sound economic governance and add a more practical rule of thumb One of the most important lessons of the global financial crisis is that we got – and indeed continue to get – regulation spectacularly wrong.  For far too long it was thought of simply as ‘red tape’ – an unnecessary … Continue reading

19 December 2013 by
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‘Civic capitalism’: intervention in the market as a civic duty

Colin Hay and Tony Payne

We need regulation of the economy in the collective or public interest as a matter of routine, rather than waiting until a crisis makes us act in desperation If we are to have a new capitalism worthy of the name, it must be a different capitalism to the one we have.  As we argued in our previous post, this necessitates … Continue reading

5 December 2013 by
Categories: Civic Capitalism, SPERI Comment | 1 comment