By: Mike Parr

Mike Parr — Tue, 08 May 2018 06:52:00 +0000

A good idea (citizen welath fund). This idea could be extended to areas such as renewables – why not a
mandatory 40% gov owenrship of all off-shore wind farms? The Tories
would never do it (financial incompetents to a man/woman) no reason why
labour could not do it.
Adding to this: why not legislation which drives forward workers co-operatives – the Guardian has run a couple of articles on the subject – the companies shortly after becoming co-ops were also more effective. Perhaps the take-over code could be amended? the default setting being that any take over opens up the possibility of the workers in the company buying it.

By: michael griffiths

michael griffiths — Wed, 02 May 2018 20:40:00 +0000

Interesting idea but how do we audit the fund to calculate the economic value of the assets it holds? See “Value Economics” published by Palgrave Macmillan which proposes that “economic value” defined as NOPAT less cost of capital become the basic metric for calculating the creation of value which can validitate or otherwise the ROE measure of value based on market share price value. Michael Griffiths on michaelgriffiths.fi@gmail.com

Comments on: Creating Britain’s first citizens’ wealth fund

By: Mike Parr

By: michael griffiths