Latest Issue

The third way needs a theory of fairness. These days most of us are rather confused about those grand old phrases-“social justice,” “equality of opportunity,” “meritocracy.” New Labour is no exception.

Almost everyone agrees that equality of outcome is out, and equality of opportunity and meritocracy are in. The trouble is that the latter are as unattainable as the former without trampling over many of the values we cherish. Even if inheritance tax is raised and private schools closed, you cannot ban people from handing on the “cultural capital” which is what matters in shaping life chances. And the majority…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to

More From Prospect