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SUMMARY:Mutualising the Market: Could the 'Big Society' transform business
  and finance? - Dr Adrian Pabst (Lecturer in Politics\, University of Kent
 )
DTSTART:20110127T171500Z
DTEND:20110127T184500Z
UID:TALK29470@talks.cam.ac.uk
CONTACT:22170
DESCRIPTION:So far the ‘Big Society’ has sought to re-define the balan
 ce between the central state\, on the one hand\, and communities and indiv
 idual citizens\, on the other hand. But so far the coalition has not outli
 ned similarly ambitious plans to re-organise the institutions and practice
 s of the market\, especially in the financial services industry. Despite t
 he worst economic turmoil since the Great Depression of 1929-32\, we are l
 eft with a system that essentially privatises profit\, nationalises loss a
 nd socialises risk.\n\nThis paper argues for the mutualisation of the mark
 et. It attempts to make the case for risk- and profit-sharing arrangements
  and ways of linking investment to charity. In the current context\, that 
 requires policies aimed at restructuring private\, corporate and sovereign
  debt\, coupled with restructuring the banking sector and possibly levying
  a small tax on certain financial transactions. By mutualising the market\
 , it is possible to change the relation finance and the real economy and b
 etween labour and capital.\n
LOCATION:Castle Teaching Room\, 4th floor\, Judge Business School\, Trumpi
 ngton Street CB2 1AG
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