Lord Sainsbury delivers the second Observer Festival of Ideas lecture. His topic is Progressive Capitalism. Progressive capitalists believe in the crucial role of institutions, the need for the state to design institutions and the use of social justice (fairness) as an important measure of a country’s economic performance. Sainsbury will show how a progressive political economy can be used by politicians and policymakers to produce a programme of economic change through reforming the UK’s equity markets, corporate governance, innovation and education and training institutions with the state having an enabling role rather than the command-and-control stance of traditional socialism or the minimalist role of neoliberalism.
This event is in association with Business West.
David Sainsbury read History and Psychology at King’s College, Cambridge, and then joined J Sainsbury plc in 1963. He became Lord Sainsbury of Turville in October, 1997. He was appointed Minister of Science and Innovation from July 1998 until November 2006, and had responsibility for the Office of Science and Technology, Innovation, Space, the Bioscience and Chemical Industries, and the Patent Office. He is the founder of the Gatsby Charitable Foundation, and in 2003 received, on behalf of the Sainsbury family, the Andrew Carnegie Medal for Philanthropy. He is the author of two Fabian pamphlets Government and Industry: A New Partnership and Science and Innovation Policies in a Global Economy and is co-author with Christopher Smallwood of Wealth Creation and Jobs published by the Public Policy Centre. In 2007 he produced for the Government a review of the Government’s science and innovation policies, The Race to The Top. Visit his website at www.davidsainsbury.org.uk.
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