Category: Campaigns

Just Banking

Just Banking Logo We all know it’s time for fundamental reforms to make the banking system serve the interests of society, rather than the other way around.

  • The Bank of England estimates that the total cost of bailing out the UK financial system was £1.3 trillion, more than ten times the entire NHS budget.
    How can we handle banking crises without burdening the taxpayer, or better still, avoid them altogether?
  • At present only around 8% of lending by banks goes to productive investment in the sectors that contribute to GDP. The rest goes into property (pushing up house prices) and speculation, including speculation on basic commodities (pushing up food prices for the world’s poorest).
    How can we increase the bank finance available for the real economy, and decrease the amount pumped into asset price bubbles?
  • When banks do get around to financing the productive sector, they too often support huge companies with dubious environmental and human rights records, rather than the small businesses that create two thirds of our jobs. Many commentators now argue that banks are failing to support sustainable local economies because they have consolidated beyond the point that allows them to be responsive to local needs.
    How can we make high street banks responsive to local needs, including financially excluded groups and small businesses?

The Just Banking conference will bring together leading economists and campaigners to address these urgent questions, and more.

From the minute Occupy Edinburgh found out about the conference we knew we had to help. This kind of frank discussion on the role and future of banking in our society is essential for making any progress toward a better world, free from the financial shackles we find ourselves in.

Members of Occupy Edinburgh have worked tirelessly to help create the logo, the fliers, publicise the event, video and stream the event, as well as set up our own event for those unable to afford the cost of the full day event.

If you would like to join us for the discussion at our ‘mirror’ conference you can. Just come along to the St. Augustine Church on George IV Bridge at 9/9.30am Friday 20th April. If you would like to make a donation to help us cover the costs of this livestream event then please contact occedoutreach@gmail.com

You can also view the livestream on this very website – just click here. We will be covering both the evening lecture and panel discussion and the full day conference (excluding afternoon breakout sessions). The full agenda and timings can be found on the Just Banking website.

You can also get involved on Twitter. Just use #JustBanking in your tweets and they will automatically show up on the livestream chat feed.

Adam Posen, member of the Bank of England’s Monetary Policy Committee, will set the scene with an evening lecture and panel discussion at 6pm on Thursday 19th April.

On Friday the 20th April the University of Edinburgh Business Schoolwill host a full day of presentations and seminars with thought-leaders from the UK and beyond. You can find the draft agenda here and details of confirmed speakers here.

The conference has been organised by Friends of the Earth Scotland and the University of Edinburgh Economics Society, in partnership with UNISONChristian Aid, the New Economics Foundation, the Scottish Trade Union Congress, the World Development Movement and Compass. It has been generously supported by Triodos Bank, the Carnegie Trust, the University of Edinburgh Business School and EUSA.  Q finance are our official media partners.

Stop ACTA

STOP ACTA!

http://www.stopacta.info/

 

Robin Hood Tax

robin hood tax

http://robinhoodtax.org/

Move Your Money

http://moveyourmoney.org.uk/

Demo-Max: The Independent Commission on The Good Scottish Democracy


A proposal from the Electoral Reform Society Scotland

 

Background

With the advent of a new parliament in 1999 Scotland has taken the opportunity to develop its democratic processes and institutions so that it leads the way within the UK. Innovative processes adopted by the Parliament reflect the ambitions of open-ness, accessibility and transparency, notably the introduction of the Public Petitions Committee; the adoption of a more proportional voting system for Scottish Parliament elections; and family-friendly hours for Parliamentary Business. Further reform of local government elections in 2007 acknowledged that institutions should change to reflect social and political circumstances.

Now, with a remarkable SNP majority at Holyrood and a referendum on Scotland’s constitutional status expected before 2016, the environment is one of debate and question about the institutions and processes of state and government. This is against a background where information and the changing way it is mediated mean a rapidly shifting dynamics of power between citizen, state and sub-state actors.

For those of us interested in understanding how power is awarded, exercised and held to account in a manner most likely to create a good society this is a significant opportunity. It is an opportunity to engage with Scottish society to discuss what constitutes a ‘good democracy’. This should allow us to articulate some principles and practices about democracy that will be useful as devolution continues to develop. Some of these ideas and solutions may be applicable to other parts of the world where old democracies are faltering and where new democracies are emerging.

 

The role, functions and institutions of the democratic state need to be fit for purpose in a changing world. At the present time, the repercussions of the MPs expenses scandal, the Bank Bailout and the Media Crisis also pose big questions for democracy. In other parts of the world developments such as the rise of the technocrat and the claim of ‘post democracy’ arising from the economic crisis in some parts of Europe can be sharply contrasted with the Arab Spring and Russian Autumn. All of these events have something to tell us about democracy and the constitutional debate in Scotland should be informed by as much analysis and understanding as we can muster.

 

Much of the current debate around Scotland’s constitutional future is led by political parties, or those with a party interest. We want to create a non-partisan space where those with different views can debate and discuss and where political rhetoric can be challenged and unpicked.

 

Role of partners

The society is seeking partners that can contribute to the overall development and direction of the project and/or partner on specific elements of the programme of particular interest to them. We would like partners to contribute expertise, knowledge and guidance to assist with promotion and dissemination.

 

Proposal

The Electoral Reform Society in Scotland intends to organise a series of sequential seminars to debate issues of democracy within the substantially changing context in which Scots live.

Phase 1: Sovereignty of the People

Under this heading we primarily envisage discussing the accountability of the state and its representatives, the participation of the people in those processes of accountability and how to ensure the diversity of the population is represented. Essentially: How do we make this objective of ‘power in the hands of the people’ work in reality? The outcome aimed for would be suggestions for a system with genuine accountability.

 

    1. Elections – How do we make elections better?
    2. Intra-election accountability – Direct democracy, Referenda, Recall.
    3. Participation and its flipside, Responsiveness1
    4. Representation as advocates or as representatives of shared experience?

Phase 2: Protecting the People Power- Who Owns the State?

The aim of this heading is to identify the sectors and habits that intervene in the genuine accountability of the state to the people as outlined in the previous discussion. The outcome aimed for, having considered the systems and mechanisms that provide countervailing power, would be suggestions as to how to prevent these interests usurping the accountable system arrived at above.

 

A suggested starting point would be:

  1. Vested interests – corporations, lobbyists, the party machine (whips), TUs, civil servants
  2. Media – Print and Broadcast
  3. Information and Access – how does FoI and Social media change the relationship between the people and the state
  4. Funding – party funding, state funding etc

Phase 3: Institutions of the State.

Given the results of the above strands of discussion, this third aspect seeks to debate how to effectively meet and enact those principles agreed. What institutions would be necessary to guarantee a ‘good state’ with appropriate and workable checks and balances? And, how do we codify such in a written constitution? The outcome aimed for would be an understanding of what institutions are necessary to manage a good democracy, what they look like and how they relate to each other to ensure sovereignty of the people.

 

This could include:

  1. Design of the Parliament – how can it best hold the Executive to account?
  2. Relationship between levels of government
  3. Access to justice
  4. Supra National structures
  5. Is a constitution necessary? What should it include and exclude? Is it necessary for Scotland to become independent for a constitution to be introduced? This could include discussion of the Constitutional Commission’s draft Constitution2 and the SNP’s ‘Constitution for a Free Scotland’3

Conclusion: What makes (and continues) a ‘good democracy’? What is the vision of a ‘good Scottish democracy’ in the 21st century and how do we ensure its longevity as such.

 

Operation

The seminars will ‘feed into’ each other i.e. the discussions and conclusions of the first phase will be fed into the next one and the first two will feed into session three. This will allow ‘learning’ to travel through the whole process but also allow fresh thinking and different perspective and expertise to be applied at discreet phases.

Each set of seminars will be asked to answer a series of questions framed by ERS Scotland in consultation with partners and the chair. A scribe will make a verbatim record of the discussion. Observers will be welcome, eg students, researchers, interested parties.

The chair will then write up the discussion in the form of a paper for publication. They will also produce a short presentation on their conclusions and their questions as a challenge to the following session. (ie. The session on sovereignty of the people will summarise their discussion and also pose questions about how that sovereignty is being undermined by vested interests and ask the next session to examine the problems they have identified.) This presentation will be held in a public forum, enabling and encouraging discussion of the seminar’s findings.

Once the three phases are complete ERS Scotland will produce a summary paper that sets out the vision of a ‘Good Scottish Democracy’, Demo-Max, if you will.

Contact: Willie Sullivan: willie.sullivan@electoral-reform.org.uk or Juliet Swann: juliet.swann@electoral-reform.org.uk

 

1 There are at least two orders of objective limits on responsiveness. First of all, elected leaders do not always seek to understand and respond to the perceptions and positions of the citizens. At times they instead work to maximize their own autonomy and influence citizens’ perceptions and understandings of what the most important issues are. Politicians take advantage of the complexity of problems, and, evidently, of the shifts in political priority that occur over the course of a single legislature—a period that usually spans four or five years. The second order of limits is shaped by the resources a governmenthas at its disposition to respond to the needs of its populace. Limited resources and economic constraints on public spending affect the responsiveness of even the wealthiest countries.