Progressive capitalism in Britain: Pillars for a new political economy
Article
The debate surrounding economic policy in the UK has recently been heavily focused on determining the appropriate response to the financial crisis and recession. There has been less discussion about the nature of the UK's political economy.
Leaving the UK's model of political economy unchanged is, however, not an option in the modern global economy. The existing model has resulted in an unbalanced economy with relatively low productivity and a structural balance of payments deficit. Without reform, these problems will not go away and could worsen. A debate about what Britain's new economic model should look like is long overdue.
- What are the key principles upon which a progressive political economy in the UK should be based?
- How can government institutions and the role of the state be reformed to ensure they keep pace with a fast-changing economy?
- What can be done to address the market distribution of incomes and assets in order to reduce inequality?
- How can the government better support innovation-led growth?
- How can businesses be encouraged to engage in and support a new model of capitalism that will require significant changes in the way they behave?
The answers to these questions form a significant contribution to the debates about progressive capitalism and inclusive prosperity and set out a way forward for a new political economy in Britain.
The book is available to purchase as a paperback or ebook via Policy Network: http://www.policy-network.net/publications/4857/Progressive-Capitalism-in-Britain
Related items
Dr Parth Patel on BBC Politics Live - July 2024
IPPR's Dr Parth Patel on BBC Politics Live discussing the new Labour government, Covid, migration and international affairsA ‘mandate’ to deliver: Who voted Labour and what do they want?
This year’s general election saw the Labour party achieve a historic landslide, winning 218 new seats and a comfortable majority in the House of Commons.Half of us: Turnout patterns at the 2024 general election
One-half of adults in this country voted at the 2024 general election, the lowest share of the population to vote since universal suffrage.