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A stake of one’s own

Has the robust health of the freewheeling British economy weakened the case for stakeholding? It is still the only coherent response to the new right, but stakeholding must be adapted to Britain's liberal economic culture and dissociated from the declinism of Will Hutton

By John Plender   February 1997

New labour’s flirtation with the stakeholder idea came and went in an instant. The only lesson to be drawn from Tony Blair’s retreat from the enthusiasm he expressed in his Singapore speech, almost exactly one year ago, is a rather sad one about contemporary politics. There is now, it seems, a bipartisan consensus on electoral tactics: no party can hope to win without first draining the political debate of intellectual content and promising to put more of the population in jail.

Stakeholding will outlive these political exigencies. In the post-socialist world the stakeholder idea is alone in offering a coherent…

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