In the lead up to the
Budget announcement, ResPublica's Patricia Kaszynska sets out seven principles
which should underscore the Chancellor's objectives in his 2012 budget.
From explaining why we
should tax wealth not income, to how we can democratise finance, this list suggests
budget proposals that would address economic inequality and bolster social
cohesion. By changing the culture of borrowing, championing hybrid business
models and enabling local communities to play a greater role in our economy,
the Government could unlock untapped economic potential and generate fiscal
vibrancy. These ideas draw on our past and forthcoming work and encapsulate
ResPublica’s founding objectives to relocalise our economy, remoralise our
markets and recapitalise the poorest members of our society.
This work forms part of
our New Economies, Innovative Markets workstream which explores the structures
and processes which shape and define day-to-day economic life. From the local
to the national scale, we will examine how communities can best access the
macro advantages that globalisation brings. Encouraging new market entry,
ensuring supply chain resilience through more localised control, promoting
greater diversity of business models and wider asset distribution are all
prerequisite to building a more stable and healthy economy that is grounded in human
and social relationships.
Models of the past have
led to unbalanced economic growth and barriers to market entry and competition.
Our work within New Economies, Innovative Markets therefore seeks to provide
practical policy solutions for a moral capitalism which transforms the terms of
economic and social wealth. Our objectives in 2012 include re-defining economic
competition, diversifying the market for SMEs and social enterprise, innovating
solutions to enterprise and infrastructure financing, and exploring the
benefits of business clusters and localised growth, in order to achieve an
economy based on trust and reciprocity.
If you would like further information, or to discuss
partnership opportunities, please contact Dr Patricia Kaszynska, Senior
Researcher at email@example.com