Growth Quotes - page 53
The big thing that happened in the early to mid-90s was the last big discussion about political economy. Roughly speaking we went for endogenous growth, for flexible labour markets and the financial sector, and that was considered modern. The book that I wrote at that time was arguing that the German system – which had worker representation on boards, very strong vocational training, regional banks, very strong federal forms of democratic government – was actually better suited to globalisation because it preserved knowledge, trust, institutions, skills ... Now, I think the results of our experiment are in and we really got it wrong.
Maurice Glasman, Baron Glasman
One massive issue is that [in government] we did not promote regional flourishing. To put it bluntly there was not enough private sector growth in the north east, the north west, the midlands and south west, and the south east was financially driven which had its own problems. I share your disposition about capitalism, but I look at Tesco and think, it's cheap, healthy food, and it has transformed the lives of the poor. Yet we hate them. When London Citizens did a living wage campaign against Tesco what we found was enormous middle class loathing while the working class had a love for Tesco. They love the fact that the food was fresh and cheap and the environment was safe. And when they bought a small package of mince they didn't have a butcher going, ‘Ah, tough week, eh?' They didn't feel humiliated. That's just a tough example I put out there to say we've got to build alliances and relationships with the powers. We've got to look at how we can get Tesco to foster regional diversity.
Maurice Glasman, Baron Glasman