William Kingston acknowledges the debt his work owes to great minds including Joseph Schumpeter, Christopher Dawson and Douglass North.

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The overwhelming influence of giant corporations on political and social life was barely raised in the UK’s recent and wide-ranging general election campaign. There were tepid proposals to curb excessive price rises or generous corporate tax cuts, but these received torrents of protest from the Establishment. Yet, as Dr Bryn Jones explains, many economic and social issues, over which there is so much political hand-wringing, ultimately stem from the dominant role in our society that large corporations have assumed or been ceded.

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A paradox that lies at the heart of capitalism is that economies need consumers to be confident spenders of money on the one hand, while on the other workers’ must accept insecurity and flexibility in their main supply of money: employment income.  Professor Colin Crouch considers the implications of this, and looks at the ways it might be resolved.

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Photo: Ola Ericson imagebank.sweden.se

How does a country successfully combine increasing prosperity with low levels of inequality? Andreas Bergh, Associate Professor of Economics at Lund University, argues that the history of Sweden demonstrates the important role capitalism can play in creating a more equal society.

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