2. Eco wealth fund
The National Trust is a huge, respected membership organisation which looks after physical assets, often donated by the wealthy, for the benefit of the nation. We should create a forward looking sister organisation, the National Trust Wealth Fund, which could for example invest in green economy solutions such as combined heat and power systems. It could be financed in part by drawing on some of the “dead money” being hoarded in cash by corporations; through contributions from “non doms” who want to show they are committed to the country and augmented by crowdfunding. The National Trust Wealth Fund would be a sovereign social development fund, with a combined social and commercial purpose, like Khazanah, the highly effective and innovative Malaysian fund.
Don’t you just love this line?
It could be financed in part by drawing on some of the “dead money” being hoarded in cash by corporations;
So we’re going to start off simply by stealing other peoples’ money, are we?
7. Sixty not-out: time for your second career
The Encore movement was started by Marc Friedman, a remarkable US social entrepreneur, to help people over 60 to start second, third and fourth careers doing work that matters to them and offers social good.
We’re not going to let you retire.
9. Making Sundays special
Shopping absorbs more of our time and energy than ever, spreading much happiness in its wake. Yet is it also true that many people yearn for something more, beyond the meagre measure of money, which perhaps lifts their horizons, bringing people together: friends, families, lovers, fans and believers. Over the summer we trek to fields all over Britain to be caught up in festivals that offer something bigger than ourselves. Labour should give voice and form to this search for something more without being dull and dour. The Conservatives have just extended retail opening hours on a Sunday; Labour should show more imagination by reinventing Sunday as a day for culture that brings people together, reinvesting it with meaning.
Yes, we’ve still got more than a few Puritans in the Labour Party.
11. Better-business campaign
Business is one of Labour’s blind spots. Ed Miliband had a 1970s academic’s distaste for virtually all forms of business. The post-Ed rush to embrace all “wealth creators” is equally simplistic. It should not be hard for Labour to find ways to support better ways to do business. An obvious step would be to endorse the Benefit Corporation standard, the good business equivalent of a Leadership in Energy & Environmental Design certification, which companies get by delivering higher standards of transparency, accountability and social responsibility, to act for the good of the wider community as well as their shareholders. By declaring themselves a legal entity, a Benefit Corporation, these companies signal to investors that they have to organise their financial returns for the sake of social purpose. It creates a legal vehicle to give executives a degree of protection from over-greedy shareholders.
As if the principal/agent problem wasn’t already large enough.
If this is the best they can do…..