Baby Bonds in UK

Chris Burford cburford at gn.apc.org
Fri Apr 27 23:57:29 PDT 2001


At 27/04/01 18:12 +0100, Max wrote:
>See The Stakeholder Society by Ackerman & Alstott.
>It should be encouraged, IMO.
>
>You'd need a pretty good ROR to grow 500 to 3000
>in 18 years. Over 10%, by my reckoning.

This involves top-ups from the government at several intermediate birthdays (I cannot remember which)

But even so analysts say that the best government predictions depend on risky commercial investment on the stock market, which of course could go down.

Part of the mission appears to make the whole population participants in the perks of capitalism. But then they will also have to become interested in the future of the economy.

I suppose from a left wing point of view, "If you cannot beat them, join them" - and make sure everyone else joins them. That might create a groundswell of public opinion that companies should be more socially accountable.

Is this an update of Lenin's principle of making every cook concerned with affairs of state?

I certainly would not have proposed it myself, but I think it is ingenious, and paradoxically provides new terrain that progressive people can fight on to make the system of production socially responsible.

Chris Burford

London



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