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Trevor Carter's avatar

Hello Mr Prosser

I strongly disagree with what you are saying. PR is essential. Our absurd system is in urgent need of it.

Well done on Ukraine though.

Regards

Trevor Carter

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Malcolm Ramsay's avatar

"the UK has a political economy which perpetuates unequal outcomes, institutions such as the prominent finance sector, corporate short-termism and liberal labour market being associated with this."

As I see it, the institutions you mention developed within an economic landscape which is fundamentally tilted, creating a steady flow of wealth from the poor to the rich. But those institutions are not themselves the cause of those flows. The underlying drivers of inequality are derelict laws of land ownership (i.e. laws which have become detached from the circumstances which gave rise to them) and incoherent laws and conventions governing taxation and the monetary system*.

To my mind, trying to tackle inequality without addressing those issues will always take a huge amount of political energy and will never have any realistic prospect of long-term success. At some point, if we want to live in a stable society, we're going to have to get to grips with more fundamental reform.

* I haven't yet brought my land reform proposals across to substack but, if you're interested, here's my analysis of what monetary reform is needed: https://malcolmr.substack.com/p/a-stable-monetary-system

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