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The stake we’re in

Labour's stakeholder Britain shouldn't try to emulate Germany, argues David Soskice. Germanic institutions would not work in Britain's de-regulated, service-based, economy. Rather, Labour should try to offer people a stake in the new labour market

By David Soskice   April 1996

Whether or not “stakeholding” is an appropriate centre left strategy for a country like Britain, the debate about it produces the feeling that British politics is becoming serious. As Margaret Thatcher realised, serious politics requires simple, powerful ideas. Stakeholding is a strong candidate. It seems important, therefore, to put aside the temptation to talk about spin doctors and warm words, and to engage sympathetically with the concept.

The discussion so far-for instance in Tony Blair’s Singapore speech or in Will Hutton’s book-raises cause for concern. Labour is on the verge of power; it will govern an economy whose most fundamental…

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