Author Archives: Paul Hindley

Universal Inheritance: A Big Radical Liberal Idea

Now more than ever the Liberal Democrats need new imaginative radical policies. Big idea politics is back with a vengeance as both Labour and the Conservatives indulge in increasingly extreme visions for the country.

If we as a party are to successfully challenge both Labour’s socialism and Tory Brexit nationalism, then we need to engage in the ‘battle of ideas’ and develop our own clear alternative. Liberalism has a long radical heritage stretching back more than three centuries. Throughout the history of liberal political thought, liberals have consistently championed ways of spreading power, wealth, opportunity and ownership to individuals.

In the 20th century, Liberals campaigned under the slogan of ‘Ownership for All’. This was a radical social liberal vision of a more egalitarian capitalist society; where citizens would have the right to own capital and have democracy in their workplaces. This led to the Liberal Party supporting worker cooperatives, profit-sharing and corporate power-sharing models between bosses and workers. The Oxford University academic, Stuart White, refers to this tradition as alternative liberalism.

One central aspect of the radical liberal ownership agenda is the establishment of a citizens’ wealth fund (also called a sovereign wealth fund). This is a publicly-owned fund made up of national wealth, taxed wealth and national investments in shares, land and natural assets. Such funds work successfully from Norway to Alaska. Vince Cable and Liberal Democrat party members gave their overwhelming backing to a citizens’ wealth fund at this year’s party conference in Brighton. 

But how should the wealth amassed in a citizens’ wealth fund best be used? One answer is to deliver a universal inheritance as outlined in a recent report for the Institute for Public Policy Research (IPPR). Universal inheritance is the idea of having a one-off universal capital grant paid to citizens when they turn 25 years of age. The IPPR envisions that a citizens’ wealth fund could eventually pay out a universal inheritance of £10,000 to every 25-year-old. The basic rationale for the policy is that asset-poor young people should share in the nation’s wealth at the start of their adult lives, when many are starting their careers.

Posted in Op-eds | Tagged and | 25 Comments

A 21st-Century Liberal Approach to Education

Education has always been of special importance for liberals and Liberal Democrats throughout the ages. It has been one of the best vehicles for enabling individuals to obtain their full potential, develop their talents and make the most of the opportunities that they are presented with. It is with this in mind that Helen Flynn and John Howson’s chapter is so warmly received in the latest publication from the Social Liberal Forum, ‘Four Go In Search of Big Ideas’.

Flynn and Howson rightly place great emphasis on the need to improve early years education. They call for a highly funded early years sector that is equipped with the staff necessary to develop the learning of schoolchildren and identify any potential barriers that they may face in future learning. These teachers would need to be well educated and properly trained. The authors identify that educational inequalities emerge even before children start their formal education at the age of five. The socio-economic inequalities faced by children from the poorest backgrounds need to be tackled with extra funding from the very beginning.

Flynn and Howson propose a professional College of Teaching that would be a watchdog for professional standards in education in a similar way that the British Medical Association is in regard to the NHS. This is very much needed if the public is to continue to have faith in the professionalism and high standards of the UK’s education sector. In a similar vein, Flynn and Howson also suggest having Chief Education Officer in government who would help to guarantee best practice and develop evidence-based policy.

Posted in Books and Op-eds | Tagged | 10 Comments
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