Theme: Political Economy | Content Type: Journal article

A Social Guarantee to Meet Everyone's Needs within Environmental Limits

Anna Coote


Micheile Henderson

| 1 min read

The Social Guarantee is part of the everyday economy and contributes a distinctive, normative approach. It maintains that the primary purpose of the economy is to meet everyone's needs within the limits of the natural environment. It offers a principled framework for policy and practice to address three interlinked crises that are all rooted in a failed economic system: soaring living costs, widening inequalities and the climate emergency. The starting point is that everyone should have a sufficient income. Crucially, this is derived not only from wages and cash transfers, but also from publicly funded services, infrastructure and other collective measures that constitute in-kind benefits. These make a substantial contribution to living standards, they are highly redistributive and they are far more ecologically sustainable than aggregated market transactions. It is time to reassert the collective ideal and put in-kind benefits at the heart of Labour's programme.

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Volume 94, Issue 4

Latest Journal

Volume 94, Issue 4

Includes a collection on Scottish Politics After Sturgeon, edited by Ben Jackson and Anna Killick. This features articles such as 'Independence is not Going Away: The Importance of Education and Birth Cohorts' by Lindsay Paterson; 'Diary of an SNP First Minister: A Chronopolitics of Proximity and Priorities' by Hannah Graham; and 'Politics, the Constitution and the Independence Movement in Scotland since Devolution' by Malcolm Petrie. There are a wide range of other articles including 'Unlocking the Pensions Debate: The Origins and Future of the ‘Triple Lock’ by Jonathan Portes and 'The Politics of England: National Identities and Political Englishness' by John Denham and Lawrence Mckay. Finally, there is a selection of book reviews such as Branko Milanovic's review of Equality: The History of an Elusive Idea by Darrin M. McMahon, and Alexandre Leskanich's review of Cannibal Capitalism by Nancy Fraser.

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