The
Road Ahead from a Grass Roots Perspective
The Road Ahead from a Grass Roots Perspective
This new book stems from my original proposals for A Capital
Spillway Trust, to create a free enterprise based, free market in capital. A
fully competitive, free enterprise, open to all, marketplace; designed to
supply equity capital to a much wider range of new, privately owned start-ups,
new high technology firms and small businesses than at present, on terms
acceptable to everyone.
Free enterprise? - Free enterprise is founded upon the concept of
the manager of the business owns the business.
Ownership is an inalienable freedom; the right to own your own
life, work, home, thoughts, et al. In which case, freedom also applies to the
inventive and industrious, as the right to own the product of their industrious
intellect. No different to an artist or writer; owning the right to their work.
Thus free enterprise is an inalienable freedom; the right to own the business
they have created. Just as employees are free to work, or not, in any such free
enterprise.
Capital Spillway?
Many years ago it was discovered that unless you provide a
spillway for a dam, permitting the annual flow of a river to continue to be
distributed downstream, great harm is caused to all parties who need access to
that flow of water. I believe that there is a clear parallel today with our
modern financial institutions. That the savings from local communities no
longer return as local investment and that there is a need to recognise the
need for a spillway that will permit a flow of capital for new business to
return to the local communities.
Financial Institutions, the bedrock of any nation's fabric, need to
recognise that they must create a free market in capital for new investment.
The business venturer's freedom to create new long term jobs must be
underpinned by equity capital being available to allow them to try, to venture.
Such ventures are surely the great river source of a nation's vitality.
Now I widen the debate with: The Road Ahead from a Grass Roots Perspective
The original proposal for A Capital Spillway Trust is reproduced in Chapter 3.
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