Latest Issue

What is civic capitalism? An interview with Colin Hay

Ask not what you can do for the market, but what the market can do for you

By Jonathan Derbyshire  


In their new book, “Civic Capitalism”, Colin Hay and Anthony Payne, co-directors of the Sheffield Political Economy Research Institute at the University of Sheffield, argue that the global financial crisis of 2007-08 and its aftermath has forced us to ask fundamental questions about “what capitalism can do for us, as citizens of a democratic society”. As an alternative to the “Anglo-liberal” economic model that blew up so spectacularly after the US “sub-prime” mortgage market went south, Hay and Payne propose something they call “civic capitalism”. They define it as follows: “The governance…

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