The neoliberalism that has dominated economic thinking since Mrs Thatcher and Ronald Reagan first came to power is now seen to have serious flaws, and Progressive Capitalism seeks to replace it with a new progressive political economy. This is based on an analysis of why the growth rates of countries differ, and what firms have to do to achieve competitive advantage in today’s global economy. The cornerstone of the political economy of Progressive Capitalism is a belief in capitalism. But it also incorporates the three defining beliefs of progressive thinking. These are: the crucial role of institutions, the need for the state to be involved in their design to resolve conflicting interests, and the use of social justice as an important measure of a country’s economic performance. Social justice, defined as fairness, is used as a measure of performance in addition to the rate of economic growth and liberty. Progressive Capitalism shows how this new progressive political economy can be used by politicians and policy-makers to produce a programme of economic reform for a country. It does this by analysing and proposing reforms for the UK’s equity markets, its system of corporate governance, its national system of innovation, and its education and training system. Finally, Progressive Capitalism describes the role the state should play in the economy, which it sees as an enabling one rather than the command-and-control role of traditional socialism or the minimalist role of neoliberalism. David Sainsbury was Finance Director of J. Sainsbury plc from 1973–1990, Deputy Chairman from 1988–1992, and Chairman from 1992–1998. He became Lord Sainsbury of Turville in October 1997 and served as Minister of Science and Innovation from July 1998 until November 2006. He is the Chancellor of the University of Cambridge. His new book is Progressive Capitalism: How To Achieve Economic Growth, Liberty and Social Justice. Mon, 20 May 2013 18:30:00 GMT

Progressive Capitalism [Audio]

What does the post-pandemic future hold for office workers? Will we drift back to old ways of working, or continue with hybrid/remote working? What do the experts advise on how best to adapt?

Joanna Bale talks to LSE’s Connson Locke, Grace Lordan and Carsten Sorensen, as well as Hailley Griffis, a social media management company executive, who believes that offices will soon become extinct.

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Welcome to LSE IQ, a new monthly podcast from the London School of Economics and Political Science. This is the podcast where we ask some of the smartest social scientists - and other experts - to answer pressing questions about economics, politics or society. 

In this episode, Jo Bale investigates how big company bosses continue to command ever increasing salaries despite shareholder rebellions, government intervention and public criticism. She talks to Sir Vince Cable of LSE's Institute of Global Affairs, Deborah Hargreaves of the High Pay Centre, Dr Dirk Jenter, Associate Professor of Finance at LSE, Professor Sandy Pepper of LSE's Department of Management and Max Steuer of LSE's Centre for Philosophy. 

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Welcome to LSE IQ, a new monthly podcast from the London School of Economics and Political Science. This is the podcast where we ask some of the leading social scientists - and other experts - to answer intelligent questions about economics, politics or society. 

It is with alarming regularity that reports of prison violence, overcrowding and concerns over the impact of funding cuts are hitting the headlines. With 46% of all prisoners reoffending within a year of release last year, the system could be considered not just expensive and unpleasant, but failing. In this episode, Jess Winterstein takes a look at the prison system in England and Wales and asks, is our prison system broken?   

This episode features: Dr Simon Bastow, LSE Fellow, Department of Management; Professor Nicola Lacey, School Professor of Law, Gender and Social Policy at LSE; and Dr Sharon Shalev, a fellow of the Mannheim Centre for the Study of Criminology and Criminal Science at LSE and founder of SolitaryConfinement.org

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Is our prison system broken?

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Progressive Capitalism [Audio]

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