https://neweconomics.opendemocracy.net/a-citizens-wealth-fund/?utm_source=rss&utm_medium=rss&utm_campaign=a-citizens-wealth-fund Tue, 11 Sep 2018 13:38:58 +0000 hourly 1 https://wordpress.org/?v=5.3.4 https://neweconomics.opendemocracy.net/a-citizens-wealth-fund/#comment-22 Mon, 10 Oct 2016 15:14:00 +0000 https://www.opendemocracy.net/neweconomics/?p=274#comment-22 Whilst there can be little doubt that this is a brilliant innovation; Citizen Wealth Funds, correctly managed, could be part of a portfolio of options that could lead to Citizen Wealth Creation, which is the socio-political and economic future, IMHO. I concede we have to start somewhere, but with this particular application (a Shale Wealth Fund ), surely not.
“Setting aside the thorny issue of whether the UK should pursue fracking” – sorry but no, not that easily. This smacks of the cynical subversion of a forward looking policy to a nefarious end. Less toward a brighter future, more of a slush fund to buy off the locals, and at the same time lock us into an uncertain fate. We need unburnable carbon options, not the cynical manipulation of a useful tool to yoke us to the further exploration and exploitation of hydrocarbons. Citizen Wealth should be tailored toward liberation from carbon dependence, again IMHO.
I expect we’ll see more of the Toryfication of centre left politics in the retreat from austerity. Citizens QE to fund Hinkley perhaps?

]]>