Editor’s Note: These posts are based on a speech given by the author at an event organised by York University Liberal Democrats.

It seems to me that inequity is a huge problem right now. We have some of the richest and poorest parts of the EU within the country, and an increasingly polarised society. That polarisation is not only writing off millions of people, but it’s also creating the conditions in which authoritarianism, intolerance and violence thrive. We need some big ideas because what is clear is that we cannot keep going on the way we have been doing. We sold the country’s family silver and lived on unsustainable debt in the 80s creating a boom that ultimately had nothing propping it up, but our addiction to economic quick fixes met the cold light of day in 2008.

Sadly it seems we as a society haven’t learned our lesson. We’re just trying to get back to what we had before, and in trying to do that we are using austerity, and that’s both promoting the spread of poverty and systematically dismantling the structures and institutions we as a society have built to mitigate poverty.

So we are in a mess.

As I said, we need big ideas. The last time we faced a crisis on this scale it was liberalism that did provide the big ideas. The NHS, workers’ rights, the trade union movement, the welfare state. Labour may try to claim ownership of these ideas but we were there at their inception.

Let’s be clear – despite our government’s committed attempt to impose economic sanctions on ourselves with Brexit we are still one of the richest countries in the world. People sleep rough on the street, or have to go hungry to feed their children because we have decided, as a country, that these are OK. Two whole generations will work their backsides off to enrich landlords their entire lives because we have decided, as a country, that that’s OK.

And quite apart from the social consequences of this, our pursuit of a model of capitalism that has clearly had its day, at all costs, is destroying the ecosystem. Not the planet, the planet will be fine. It’s just that we might not be around to enjoy it.

Now I don’t claim to have the answers. There’s a lot of talk about moving to a post scarcity economy, of universal basic income, and other ideas and maybe they will coalesce around a single ideological framework, and I hope they will. It seems to me though that we need to start valuing people, and valuing the idea that we need to structure our society so that everyone lives in safety, warmth and dignity.