I would suggest that we use 5% of the bailout money to endow the Banks of England, which would be established in the counties and cities of England and would be constrained to lend within the county or city. The principal of the endowment would be in trust to the people of that county or city, in perpetuity so that it could not be liquidated by its members, and the balance of power in its corporate governance will be held by a third being held by the Bank of England, a third by its workforce and a third by the civic institutions of the locality. These newly constituted ‘Banks of England' are one of the essential feature of Blue Labour statecraft built upon endowment and institution building.
Maurice Glasman, Baron GlasmanRelated topics
bank built building city corporate county endowment feature hold institution lend locality money perpetuity power principal statecraft third trust use labour workforce bailoutRelated quotes
This rich, proud Empire did not pay its children, who had maintained and built up its glory and upon whom they had to depend in future against every foe, enough to keep themselves, their wives, and their children above a state of semi-starvation. (Cries of "Shame.") The land of Britain, which ought to be rearing a virile, healthy, independent, prosperous people, was held under conditions which positively discouraged capital, enterprise, and brains, sapped independence and undermined vitality. The condition of things was one which demanded the immediate attention of every man who loved his native land and who had any heart to sympathize with humanity in despair.
David Lloyd George
On-line service providers and others have a key role to play in freeing cyberspace of the taint of copyright lawlessness. Accountability for copyright violations committed by users is as essential for advancing this indispensable goal.
Who is responsible if a valuable copyrighted work is downloaded from a provider, and then copied on a digital video machine from which thousands of copies can be made, the last copy as pure and pristine as the first? And if no one can be held responsible, then who and what is to prevent the flood that will surely follow? This is a loophole larger than a parade of eight-wheelers through which a dam-busting avalanche of violations can rupture the purpose of your bill every day.
Jack Valenti
...for us alone are still opportunities denied to other nations. It is open to us to settle and work in any climate we may choose and in almost any part of the world, and find ourselves amongst people who speak our tongue, who obey our laws, who cherish the same ideals, and worship according to the rites familiar to us, who are subjects of the same Sovereign; and to this we-Tory, Liberal and Labour alike-to make our unity such a reality that men and women regard the Empire as one, and that it may become possible for them to move within its bounds to New Zealand, to Australia, to South Africa, to Canada, as easily and as freely as from Glasgow to London or Bristol to Newcastle.
Stanley Baldwin
I find odd the view that a Government institution is better placed to evaluate "the technical and financial viability" of a project than a commercial bank. It may well be that our banks are deficient in the kind of expertize required for assessing projects but then what we should be doing is encouraging banks to acquire such expertize or to make use of outside, commercial, expertize. I do not believe in any case that a Government machine can provide a reliable judgement on such matters, an opinion the banking members of the committee appear to have shared, for they have prudently refused to commit themselves to accepting its advice. I myself tend to mistrust the judgement of anyone not involved in the actual process of risktaking.
John James Cowperthwaite
It proved to be essential to clear the site for the new building. This idea was a forerunner of futurism which exposed the relentless nature of its motivating power. Revolutions had started undercover, everything grew more complicated. Painting economical in its creative output was still very complicated and uneconomical in its expression. cubism and futurism seized upon the purity of form treatment and colour and built a complicated and extensive system with them combining them without any regard for harmony. The rebuilding of life cast aside the old concept of nations classes patriotism and imperialism which had been completely discredited.
El Lissitsky