For thirty years, the British economy has repeated the same old experiment of subjecting everything to competition and market because that is what works in the imagination of central government. This book demonstrates the repeated failure of that experiment by detailed examination of three sectors: broadband, food supply and retail banking. The book argues for a new experiment in social licensing whereby the right to trade in foundational activities would be dependent on the discharge of social obligations in the form of sourcing, training and living wages. Written by a team of researchers and policy advocates based at the Centre for Research on Socio Cultural Change, this book combines rigour and readability, and will be relevant to practitioners, policy makers, academics and engaged citizens.
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Born in 1983 in Germany while his father was serving in the British Military, Andy Bowman grew up with a love of books and literature. Although his teachers all said he had potential, Andy had his sights set on a life in the military. Joining the Royal Signals at 17 and leaving when he was 26 after a tour of duty in Afghanistan left him with PTSD. His love of books has never left him and its with that love he decided to start writing.
This book describes the failure of a 30 year old policy experiment with competition and markets and proposes a new experiment in social licensing of foundational activities. The repeated failure of that old experiment in subjecting the basics of everyday life to competition is conclusively demonstrated by detailed case studies of three sectors – broadband, food supply and retail banking – where private sector business models realise point value for corporations at the expense of underinvestment, damaged supply chains and gouged customers.
The radical move is then to change the frame and envisage a new experiment. The three sectors are only part of a much larger foundational economy, producing mundane goods and services which form the basis of civilised life. In this sheltered zone, firms and sectors enjoy privileges which bring profit. The book argues for a new experiment in social licensing whereby the right to trade in foundational activities would be dependent on the discharge of social obligations in the form of sourcing, training and living wages.
This argument for reframing economic policy choices comes from a team of researchers and policy advocates based at the Centre for Research on Socio Cultural Change who blog as Manchester Capitalism. Their book combines rigour and readability so that it is relevant to all those – practitioners, policy makers, academics and engaged citizens – who are looking for new possibilities of action which can start a process of learning about a better way of organising the fundamentals of economic life. It offers a way out of the current impasse.
This book describes the failure of a 30 year old policy experiment with competition and markets and proposes a new experiment in social licensing of foundational activities. The repeated failure of that old experiment in subjecting the basics of everyday life to competition is conclusively demonstrated by detailed case studies of three sectors broadband, food supply and retail banking where private sector business models realise point value for corporations at the expense of underinvestment, damaged supply chains and gouged customers. The radical move is then to change the frame and envisage a new experiment. The three sectors are only part of a much larger foundational economy, producing mundane goods and services which form the basis of civilised life. In this sheltered zone, firms and sectors enjoy privileges which bring profit. The book argues for a new experiment in social licensing whereby the right to trade in foundational activities would be dependent on the discharge of social obligations in the form of sourcing, training and living wages.This argument for reframing economic policy choices comes from a team of researchers and policy advocates based at the Centre for Research on Socio Cultural Change who blog as Manchester Capitalism. Their book combines rigour and readability so that it is relevant to all those practitioners, policy makers, academics and engaged citizens who are looking for new possibilities of action which can start a process of learning about a better way of organising the fundamentals of economic life. It offers a way out of the current impasse.
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