Guide Progressive Capitalism: How to achieve economic growth, liberty and social justice

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He received an M. He was Finance Director of J. Sainsbury plc from through , Deputy Chairman from through , and Chairman from through In October of he was named Lord Sainsbury of Turville.


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He is the founder of the Gatsby Charitable Foundation, for which he received, on behalf of the Sainsbury family, the Andrew Carnegie Medal for Philanthropy in He is the author of two Fabian pamphlets Government and Industry: He points out that. These problems can only be tackled if the rules governing capitalism are updated.

Sainsbury makes some useful suggestions. Remuneration of fund managers should be restructured to reflect a similar philosophy of long term returns.


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The threat of takeover, to the extent to which it incentivises pursuit of purely short term share price gains, may have to be mitigated. Firms should have incentives to use scare materials, like energy, water, clean air, metals and chemicals extracted from the earth sustainably and renewably.

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These things cannot be done by one country, acting on its own. This book may not have all the answers, but it asks all the right questions. They are questions that could usefully be tackled in the forthcoming European Elections which are, after all, the only multinational elections that take place anywhere in the world. John Bruton in India.