week’s attempts at arm-twisting Scotland over sterling and European
Union membership have backfired. But an independent Scotland should
want no part in either surrendering monetary sovereignty or EU
Britain is an extreme oddity regarding privatisation: nowhere else in the advanced world is there such a willingness to sell everything that isn’t nailed down. Time and again the British public is ripped off and sold out by its leaders.
Faced with spiralling social, economic and
environmental problems, many people are turning to economic democracy for solutions. But what shape should this democracy take? And how can it establish an effective process for the distribution of wealth?
Social democracy is at an impasse, bereft of an economic programme, but history is on the march. Democratic wealth-holding can give social democrats a new set of economic institutions and political power bases.