Bank on bankers?

To 'bank on' something means being able to expect or rely with confidence on it. Given that: bankers have lied to make them look more secure during the financial crisis and to make a profit (here); and have mis-sold specialist insurance to thousands of small businesses (here); on top of PPI insurance mis-selling, taking huge, fat, undeserved salaries and bonuses, and helping to take our economy and others to the brink...we clearly can't be confident that they operate within a decent ethical code. Our banking system's reputation, integrity and trustworthiness sinks even lower. Culture change is certainly needed if we are to build an economy capable of being sustainable (more here).

Greenest Government Grumbles

Labour MP Michael Meacher takes the Cameron Govt to task on its green claims - and makes some decent points on renewable energy, energy efficiency, the Green Investment Bank...Two days ago Ed Davey, the replacement for Huhne as Secretary of State for Energy & Climate Change, repeated again the Coalition’s boast that it was the greenest government ever. Even by the standards of current self-congratulatory political rhetoric, that’s pretty vapid. It’s worth exploring the actual record. The Coalition Agreement proposed to increase the target for energy from renewable sources. In 2010 the UK was ranked third in the world for investment in green business, and investment in alternative energy and clean technology reached £7bn. However it has now been rated 13^th, mainly because investment in wind energy fell 40% last year, with only one offshore wind-farm being completed. That reflected the Chancellor’s openly stated negative attitude to green energy, supported by the letter sent by 101 Conservative MPs to the Prime Minister deploring wind-power development both onshore and offshore...Friends of the Earth in their recent report...judged that they found little or no progress in three-quarters of the government’s 77 green policies that they examined. (more)  

Council cuts

Cuts in services locally and nationally have originally and primarily come about through gross errors and greed in the private sector, enabled and encouraged by a corrupt political system. Public money still props part of the banking arm of the private sector up. Money can be found for banks but not a whole range of public services - and meanwhile the rich in the banking system continue to be rewarded with high pay plus a bonus.

Despite the tough economic situation Bristol City Council need not have gone for a council tax freeze, resulting in spending cuts in health care and children and young people's services - and yet more job losses. This is not only wrong but will continue to help our economy to stagnate. There is, in effect, a local Conservative/Liberal Democrat Coalition that matches the national one it seems. 

Bristol's Council tax will be frozen for another year after Bristol City Council approved its budget for 2012.

An average band D homeowner will still pay £1,569.75 from April – the same as they did in 2011 and 2010.

As a result...there will be £27million of cuts to services and around 350 jobs are set to go, after an amended budget was agreed at a meeting last night.

A large chunk of the cuts – £8 million – will come from making savings in the council's "back office" operations.

There will be around £5 million less for health care, which includes moving increasingly towards privatisation, and another £5 million less for children and young people's services. A range of charges are also set to go up, including parking and pest control...(full story)

City Currency

Find out about: Our City, our Money, our Future, The Bristol Pound

On May 21st 2012, Bristol will be seeing the launch of its very own unique currency. Developed in the name of all things local, The Bristol Pound aims to support the independent businesses that give our city both its richness and diversity. The currency will be spent using paper notes and secure mobile phone payments. Over the next few months, The Bristol Pound team will be putting on events around the city, providing information and inviting members of the public to come and share their views on this exciting new scheme. We are also opening up the opportunity for people around the city to enter our art competition, where the winners will have their work printed on the paper notes. The competition is open to anyone, professional, amateur, young or old. For more details on the competition or any other questions you may have concerning the Bristol Pound, go to our website at www.bristolpound.org and help us make it happen.

Upcoming Events:

15th February, 6pm- 7:30pm: Queen's Building, University Walk

16th February, 7:30pm- 9pm: Hamilton House, Stokes Croft

21st February, 7:30-9pm: Redland Park United Reformed Church, (Just off Whiteladies Road)

23rd February, 7:30-9pm: Easton Community Centre, Easton

29th February, 7:30-9pm: Knowle West Media, Knowle West

6th March, 7:30- 9pm: The Tobacco Factory, Southville

7th March, 6:30-8pm: The Paintworks, Brislington

Morality and money

It's commonly being said that RBS boss Stephen Hester has done the 'right thing' in giving up his bonus of nearly £1 million. On todays Daily Politics it was even described by one commentator as the 'moral' thing to do. Was morality his motivation? Surely the right and moral thing for this man to do would be to stick by what he believes in - huge salaries and very large bonuses - and work through the consequences of doing this. He has not given up his bonus because he believes it's right and moral to do. Its been widely reported (here for example)  that he did so because he did not want to be a 'pariah'. Its also been reported that his hand was forced by the prospect of a House of Commons vote (see here). For me being motivated by concern about being despised or confronted is not showing much moral spine at all. Mr Hester, who is still very likely to add to his already very large pile of money, has a morality comparable to RBS's directors, who according to the BBC's Robert Peston '...now recognise it would have been far better to delay the bonus decision until after the world had seen what Barclays' chief executive, Bob Diamond, is being paid - because Mr Hester's bonus would not look big in comparison.' They too are more concerned with impressions created than realities.

Other posts relating to Stephen Hester/RBS:

http://vowlesthegreen.blogspot.com/2010/01/when-will-bankers-like-this-get-their.html 

 http://vowlesthegreen.blogspot.com/2012/01/caring-compassionate.html

Caring, compassionate capitalism...contradiction

Capitalism, favouring private ownership, maximising private profit, decisions made by a free market, economic growth as the primary aim – is currently the subject of many party leader speeches. Reference has been made by Tory PM Cameron, Lib Dem Deputy PM Clegg and Labour Opposition Leader Miliband to making capitalism, as it currently works, more: responsible; moral; compassionate; caring – and thus popular and acceptable. This, at least, is an acknowledgement that capitalism is now operating: irresponsibly; immorally; uncaringly; without compassion – and that its popularity and public acceptability has suffered. However, along comes a chance for action that would send out a strong signal that significant change in the whole system is coming – and absolutely nothing is done, just as nothing was done by previous governments.The already very wealthy RBS boss Stephen Hester is allowed by the Govt to receive a bonus of about £1 million on top of his £1.2 million annual salary. RBS was saved using many billions of taxpayers money and is 82% publicly owned, the PM has said we are all in difficult economic times together, has said he wants to tackle excessive pay and bonuses...words, words, only words. See here, here and here for more.

The solutions offered up by the Tory/Liberal Govt, previous Tory and Labour Governments and the current Labour Opposition are those of capitalism – the very thing they have all described as deficient in some way. Coalition Ministers talk of: the importance of finance; the deficit and its ‘correction’ through cuts and freezing public sector pay; economic growth as essential; how we must remove obstacles to growth; how growth should be led by private enterprise; their pro-market, pro-business, pro-competition agenda. They say high taxes on rich people and companies could send them abroad. Private, market incentives are to operate in Royal Mail, the NHS and Higher Education. Has it occurred to them that solving the problems of capitalism with more capitalism may well be like solving the problems of alcoholism with more alcohol? Show me a version of capitalism that is or can be developed to be socially sustainable because it shares wealth fairly and environmentally sustainable because it does not rely on and run down finite resources and you will get my attention!!   

More posts on capitalism:

http://vowlesthegreen.blogspot.com/2010/01/when-will-bankers-like-this-get-their.html

http://bristol.indymedia.org/article/697599

http://vowlesthegreen.blogspot.com/2010/10/capitalist-ideology-dominates-cuts.html  

http://vowlesthegreen.blogspot.com/2008/09/cabot-circus-consumerism-capitalism.html
http://vowlesthegreen.blogspot.com/2010/11/house-of-cards-economics.html

Cameron's Christianity Codswallop

David Cameron's pronouncements yesterday on Christianity are confused and send out mixed messages. He trumpets that we are a Christian country, when for many practical purposes we are not (see here) - Cameron himself said he was only a vaguely practicing Christian and over half the country said they were non-religious in the latest social attitudes survey! He calls for the revival of traditional Christian values but says he is full of doubts on major theological issues (see here). He's hardly setting a Christian standard is he, so what is he playing at?

His stated idea is that the return of Christian values would help us fight our 'moral collapse'. He's wrong to think that Christianity and the Bible or any other religion and its texts are the basis of our morality. Human beings developed a sense of what is right and wrong long before any formal relgions existed and very likely for evolutionary reasons.

Instead of pronouncing on Christianity his focus should be on effective, practical action to tackle the poor moral standards so evident in politics, policing, banking and financial services, in the media, and in the Christian Church itself. I'm fed up with expenses scandals, police corruption, greedy bankers and business-people, 'mafia-like' newspaper organisations, sexism, homophobia, child abuse scandals...and the advocacy of materialism we've long had from all political colours.

He should be looking at the privileged, influential position of Christianity in the UK and planning to make us a better secular society. He should think through whether the Bible is actually a consistent guide to anything at all. Richard Dawkins says in his book The God Delusion that '...the Bible is not systematically evil but just plain weird, as you would expect of a chaotically cobbled-together anthology of disjointed documents, composed, revised, translated, distorted and 'improved' by hundreds of anonymous authors, editors and copyists, unknown to us and mostly unkown to each other, spanning nine centuries...unfortunately it is this same weird volume that religious zealots hold up to us as the inerrant source of our morals and rules for living.'

David Cameron should recognise that actually his doubt is a good thing. Doubt means you are thinking. It means you are asking questions, not accepting the status quo - seeking change for the better. Doubt helps us break away from unjustifiable traditions. With no evidence for the existence of God - quite the contrary in fact - and no convincing arguments either, why believe? If there is a God why is there so much undeserved suffering in the world eg those homeless, cold, hungry, thirsty, lonely, subject to war, terrorism and crime, in hospital...? As Woody Allen said God 'is an underachiever' !

The 400th anniversary of the King James Bible that prompted David Cameron's comments has its significance of course. This book is a major, if not the major work of English literature. Atheist Richard Dawkins sums this up nicely in The God Delusion, '...the main reason the English Bible needs to be part of our education is that it is a major source book for literary culture. The same applies to the legends of the Greek and Roman gods and we learn about them without being asked to believe in them.'.

*http://www.bbc.co.uk/news/uk-16231223

*http://www.humanism.org.uk/news/view/952

*http://www.bbc.co.uk/news/uk-politics-16224394

*http://www.bristol247.com/2011/12/12/your-say-on-what-grounds-can-we-claim-to-be-a-christian-country-68525/

'Green' Investment 'Bank'

I’m strongly in favour of a Green Investment Bank and if Bristol can be its home that’s great (see here, though beware the scary photo!). But is what the government is proposing a bank at all given that it will have no powers to borrow until 2016 at the earliest and only then if certain fiscal targets are met? And will it really be green in the sense of impacting big-time on establishing a sustainable society? There is a danger of it simply being there as a very limited pot of money that can’t impact much on the long term. £3 billion seems to have become up to £3 billion when the first figure was too low to begin with. It has to avoid putting money into dodgy energy from waste schemes to sustain green credibility too.

We’ve all seen reports of bank mismanagement in recent years. Will this bank have a board that turns out to be highly competent, broad-based and representative of economic, social and environmental priorities? It must be there for a broad range of purposes, foremost being beginning the establishment of a society we can sustain, generating quality of life for generations to come - profit in the broadest and best sense.

http://www.guardian.co.uk/environment/2011/dec/04/green-investment-bank-economy-coalition

http://www.gibbristol.co.uk/

Autumn Statement: visionless

George Osbourne's Autumn Statement could have been used as an opportunity to put our economy on the right road. This chance was wasted. It could have been used to set us on the road away from the unequal, unfair, wasteful and polluting rat race we have – it did not. It could have helped create a way of life we can afford in both economic, social and environmental terms – it did not. It could have helped create the jobs that need people, by building on the resources of the people – it did not.

It could have helped to build a more self-reliant and stable economy – instead we are still reliant on a system of international finance which cannot last much longer. It could have started to establish an economy which can be sustained into the future, without killing our environment and exploiting the people – it did not. Instead the Chancellor produced a statement totally lacking is any vision of a better society at all. Actually pretty much par for the course as far as such statements - and budgets - go.


http://www.bbc.co.uk/news/uk-politics-15937446

Euro: no

'Bailout for Greece' - but is it? Isn't it more a bailout for bankers who lent to them, a bailout for corrupt politicians who fiddled Greek national accounts, a bailout for those who have and still seek to protect their euro currency project and the closer political union across the continent...The idea of a common EU currency, the euro, was always a daft idea - poor economics and poor politics. Just look at the situation now. Greece is on the edge, perhaps already over it, economically and socially. It cannot devalue its currency as its in the euro and it is having its economic policy dictated to it by other countries. Its already very difficult in Greece and whatever they do there is going to be more pain but they would be better getting out of the euro - and it would be better if the whole euro project was brought to a controlled end or very significant scale down. But instead...

Greek PM presses EU leaders for new bailout tranche: The Greek prime minister is having a day of talks with fellow EU leaders to approve a new bailout tranche Greece needs to avoid bankruptcy in October.
George Papandreou is meeting European Council chief Herman Van Rompuy and others in Warsaw before seeing French President Nicolas Sarkozy in Paris.
International inspectors in Athens to decide whether Greece should receive the 8bn euros (£6.9bn; $10.9bn).
Protesters forced the rescheduling of a meeting on Friday morning.
Meanwhile, the expansion of a general bailout fund for the eurozone looks on track for approval...

http://www.bbc.co.uk/news/world-europe-15120696

http://www.bbc.co.uk/news/business-14418539

http://www.bbc.co.uk/news/business-14977728

Hackgate

It appears in our current system that the purpose of holding positions of power and responsibility in banking, the media, police and politics is to 'know little/nothing' and to resign. Useless, corrupt...

Phone hacking: MPs to quiz Murdochs and Rebekah Brooks [and Former Met Police Commissioner Sir Paul Stephenson and many others!!]
http://www.bbc.co.uk/news/uk-politics-14195259

Day of action for Robin Hood Tax: College Green 16 Feb

Oxfam South West to hand over ‘final demand’ to a Bristol bank As banks reveal enormous profits and bonuses, charity joins global day of action to call for Robin Hood Tax.

Oxfam South West will hand over a ‘final demand’ at a Bristol bank on Wednesday (February 16), calling for a tax on the financial sector to help alleviate poverty at home and abroad.

As part of a global day of action, involving organizations such as Comic Relief, Christian Aid, Friends of the Earth and Unite, the charity’s supporters will be at the HSBC bank on College Green, calling for a Robin Hood Tax on financial transactions.

The action comes as bonuses for bankers are revealed. A fresh wave of public anger has been ignited by news that banks are predicted to scoop bonuses of £7bn in the UK while at the same time public spending cuts start to bite.

Meanwhile, Britain's biggest banks are poised to reveal more eye-watering profits, with city analysts predicting combined profits of around £24 billion from four banking giants - HSBC, Barclays, Lloyds and Standard Chartered.

A Robin Hood Tax – a 0.05% levy on each financial transaction made by the banks – would raise up to £20bn in the UK alone. About £7 billion could stop cuts to libraries, schools, higher education and other public services, while another £7 billion could pay for free healthcare for 226 million people in poor countries around the world.

Christopher Brown, from Oxfam South West, said the action was needed to remind banks of their responsibilities to use their huge profits for positive action to alleviate poverty at home and abroad – action called for by governments around the world.

“The expected profits made by the UK banking sector are more than enough to save essential public services – which are being cut left, right and centre in the UK – and bring hundreds of thousands of people around the world out of poverty.

“A Robin Hood Tax, which has been supported by the French president and current president of the G20 Nicolas Sarkozy, is a tax whose time has come. The banks got the world into the financial mess it is in – it is time they paid their fair share to rebuild our economy and save services we all need.”

Oxfam South West will join the global call for a Robin Hood Tax on Wednesday, February 16 between 12 and 1pm at the branch of HSBC at College Green. Supporters will hand over their final demand and ask passers-by to sign a petition in support of the campaign.

The media are invited to attend – Oxfam South West volunteers, dressed as Robin Hood, will be available for interview and photographs from 12.30pm.

ENDS

For press information contact:

Christopher Brown at Oxfam South West on 0117 916 6474 or 07887 632 658 or cbrown@oxfam.org.uk

Notes to editors:

For more information about the Robin Hood Tax, visit:

http://robinhoodtax.org/

Similar events will be held in Cardiff, Hereford, Glasgow, Manchester and London, in the UK, as well as in 12 countries around the world, including France, Germany and Canada.

Oxfam works with others to overcome poverty and suffering

70 months and counting ... | Andrew Simms | Comment is free | guardian.co.uk

Capital One's advert for its World Mastercard is quite emphatic: "No, no, no, no, no, no, no, no, no, no, no, no, there's no limit." That kind of certainty normally comes wrapped in fundamentalist religion. It could be the magical thinking of an economic system drifted dangerously far from its real world roots, or just the "bring it on" machismo of banks desperate to forget the consequences of reckless lending.
Either way, it neatly illustrates Ban Ki-moon's suspicion that the world's economic model is an ecological "global suicide pact". Whichever data set you refer to, his concern is well grounded. Last year was either the equal warmest year on record, or second warmest...

...This month – number 70 in this countdown for action on climate change – saw BP publish its latest, industry standard projections of future fossil fuel demand and production. They predict that global carbon emissions will keep rising until at least 2030, in spite of the fact that to prevent dangerous climate change they should already be reducing. Presented in numbing pages of graphs and tables, this is the "global suicide pact" written invisibly into the world's economic model referred to by Ban Ki-moon. And it will remain so, until we can break the spell of magical thinking which allows us to believe that, economically and environmentally, there are no limits...

70 months and counting ... Andrew Simms Comment is free guardian.co.uk

House of cards economics

Work on the economy continues at the Treasury, in Ireland, in the EU, at the IMF and in many other places around the globe. There's little stability in a house of cards however.

Letters: Greed not greens cause hunger | Environment | The Guardian

Excellent letter in The Guardian:

Letters: Greed not greens cause hunger Environment The Guardian

The Channel 4 documentary What the Green Movement Got Wrong (Last night's TV, 5 November) in our view made a series of misguided and inaccurate allegations and assumptions. It identified GM as a solution to hunger and implicated anti-GM campaigners for exacerbating food insecurity. As development organisations, we consider the documentary was extremely biased against environmental organisations that do so much to promote positive solutions. Hunger is a blight on humanity, but it is a political and economic problem. Its root causes include the broken and biased trading system; the bankers who gamble on the price of staple foods; and land grabs by financiers – all of which make food unaffordable for the hungry and deny their right to food.

In our view, the most significant impact that GM companies have made is to dominate the seed chain, selling expensive and patented seeds to farmers, seeds that are used more for livestock feed, cotton and biofuels – not for feeding people. The documentary didn't include any independent voices from civil society in the global south who are campaigning against GM and for local sustainable food production.

Had they done so, it is likely to have become clear that the small-scale farmers who provide food for most people in the world are not calling for GM technologies that are beyond their control. They are calling for political will from governments to take on the corporate lobbyists and protect their land, natural resources and production systems; a fair trading system to ensure fair prices; and a fair hearing from governments and documentary-makers on the future food system.

Deborah Doane World Development Movement
Patrick Mulvany UK Food Group
Andrew Scott Practical Action
John Hilary War on Want

Canny Cable's Capitalist Con

Vince Cable was reported as attacking capitalism in his Lib Dem conference speech but in fact he played it pretty cannily - if you view politics on terms like his ie NOT 'what you see is what you get'. He was entertaining, used humour and exaggeration effectively and saw to it that his speech was widely circulated to the media beforehand. He used some colourful language, ‘spivs’, ‘gamblers’, ‘murky world’, ‘markets...rigged’ – which the media zoom in on – and drew just the (‘angry’) reaction he wanted from the business world. All of this created the general impression that Business Secretary Vince wanted and more than got him through what might have been a difficult Lib Dem conference. West Country Tory MP Jacob Rees Mogg described it -pretty accurately - as ‘throwing a few lentils’ to his party faithful. I’d describe it as leading everyone on a merry dance (see picture for evidence) - using spin in an attempt to put us in a spin, confusing and causing problems for us with deception/disguise and behaving in a way that hides realities.

Being keen to understand all variations of and views on capitalism – never more so than since capitalist economic systems around the world took many industrial economies to the very brink due to the banking crisis – I closely watched the Cable speech and have followed some of his pronouncements since. Vince Cable stressed the importance of finance, the deficit and its ‘correction’ through cuts and freezing public sector pay. He spoke of how economic growth is essential, how we must remove obstacles to growth and how it should be led private enterprise (he's since stressed the importance of growth eg here). He referred to his agenda as pro-market, pro-business – with competition central - and how high taxes on rich people and companies could send them abroad. The privatisation of Royal Mail was mentioned and he referred to graduates as having to make a bigger contribution to the cost of their higher education (what has since emerged is the creeping privatisation of higher education through the establishment of a free market in tuition fees). Vince has since stressed how he wants to speed up Royal Mail privatisation.

Does this sound like a firmly capitalist approach or an attack on capitalism to you?? Andrew Neil said in his analysis immediately after the speech that he thought it faced in two directions at once. Ex-Chancellor Alistair Darling described Cable’s speech as ‘political hokey cokey’ (great phrase!). In my view the speech liberally (and Liberal Democratically!) sprinkled firm capitalist policies and actions amongst crowd-pleasing rhetoric designed to create the impression of anti-capitalism! There is certainly debate about precisely what capitalism is but few, if any, would dispute that it involves private ownership, private profit, decisions made by a market and economic growth as the primary aim – all which are extended by Vince Cable’s policies and actions along with those of the Coalition Government he is fully signed up to. So, its Vince Capitalist then.

[I'll follow up on this post with a further analysis of capitalism later]

Making banks work in all our interests

Just signed up to support the Better Banking Campaign which call[s] for fundamental reform of the banking system [via]the introduction of four measures which will help ensure financial institutions serve the interests of all people, businesses and third sector organisations equally. These are:

*Transparency from banks about the communities they do and don’t serve

*An incentive structure to encourage banks to fully engage with people and businesses in all communities

*A cap on extortionate lending rates

*A commitment from banks to re-invest 1% of their profits for social benefit

Why was the Better Banking Campaign set up?

Over the past two years, billions of pounds of taxpayers’ money has been used to bail-out the banking sector. However, we believe that banks should be doing much more to deliver a genuine social return on our investment. Up to 9 million people aren’t able to access banking services in a fair and equal way in the UK, often forcing them to turn to high-cost lenders or loan sharks for help. The recession has also meant that small businesses, charities and social enterprises have struggled to access finance.

The financial crisis, along with the...General Election, have presented us with a once in a generation opportunity to transform the banking sector so that it works in the interests of us all. If we are able to take it, it could help eradicate long-term problems such as financial exclusion which have affected some of the most disadvantaged communities in our society for many years. The Better Banking Campaign works to ensure that this opportunity is not missed.

Closing ranks

There is evidence all over the place of people in organisations, especially large ones, closing ranks to protect themselves and their institutions whether they are in the wrong or not...MPs moved quickly to condemn those not just greedy but stupid fellow MPs recently caught on camera hiring out their services. The Catholic Church is attempting to defend the Pope from accusations of child abuse cover ups. Banks defend giving large bonuses. All big businesses have huge PR budgets and legal experts. Further examples are easy to find in places like Parliament and the NHS. I have personal experience of this kind of behaviour from: the NHS in Bristol; Bristol City Council; care homes; schools and colleges. I'm sure I'm far from alone in my experience - and in thinking that because of the way organisations protect themselves we only get to know the tip of the iceberg. So, I pledge that I will continue, whether elected or not, to do all I can to: expose and oppose all such behaviour: campaign for large organisations to be scaled to a more human level: spread power out within institutions and to all their users; maximise information availability and general transparency and accountability; and for organisations to go beyond token consultation, to maximise the opportunity for people to be empowered and fully participate.

The voluntary, community and social enterprise sector

Fighting for equality, sustainability, democracy, local community, self-reliance and cooperation is inherent to being Green. We want: fairness for all; to meet needs and provide plentiful opportunities now and in the long term; openness and accountability; strong and empowered local communities and economies; all people and sectors working together. The Green Party vision is of a strong, independent Voluntary, Community and Social Enterprise (VCSE) sector making a vital contribution to socially and environmentally sustainable living and enhancing our wellbeing. Central and local government need to play a constructive, enabling role and develop and empower the sector.

VCSEs have grown and they play many different roles. This includes: provision of services to individuals, groups and to the environment, [though they should not be used to deliver public services on the cheap]; offering mutual provision of support and self-help by members to members; advocacy; education and research; and community business. They play a key part in the economic, social, cultural and environmental life of local communities and our society. Individuals and communities often come together to form organizations to carry out purposes that have not been adequately recognized by other institutions.

The sector competes against vastly better-resourced competitors often on an unequal playing field at present and yet risk taking and innovation is a key characteristic of many VCSEs. This puts them at the cutting edge of social, political, economic and environmental development in our society – though they should not be used as a pawn in the battle to roll back the frontiers of the state. The community and voluntary sector brings many benefits: building of civil society; strengthening our democracy; discussion of topical matters – and taking action on issues; contributing to the economy; helping people who have problems finding paid work transition into jobs; job creation; skills development; research and development; and linking communities.

In recent times Bristol’s Greens have welcomed the local government performance framework National Indicator 7 becoming a part of the Local Area Agreement - the voluntary sector needs the right kind of environment to thrive and this is a step in the right direction – but more is needed. Our policies commit us to: do away with the heavily centralised political system and empower local authorities and VCSE to help each other much more. We want to support and strengthen the community development and VCSEs support functions of Local Government based on principles of empowerment, participation and mutual respect. Greens support quality education and training programmes which increase sector capacity at all levels, both within and outside the formal education system.

Greens will provide sustainable funding of VCSEs and redesign the banking system with more emphasis on local communities and recirculating money throughout the local economy. Our intent is to: overcome problems with access to capital; see reinvestment of profits locally; support community activities and voluntary organizations; have local community banks administer a community development fund; provide investment funds for local enterprises engaged in ecologically sustainable businesses; make loans available to small business and community enterprises using innovative as well as traditional forms of security; have community ownership, including democratically elected, accountable shareholder directors; provide full retail and small-to-medium business banking services. Greens support the development of local currency and time banking schemes such as LETS, Time Banking, bartering and alternative currencies.

We will lay the basis for a cultural shift in favour of VCSEs through a charter for volunteers and carers outlining the statutory right to time off for education, public service and voluntary work. Greens would introduce a minimum income level beneath which no-one could fall, but upon which the vast majority of people could live - a Citizen’s Income - financially underpinning volunteering. We would ensure Government policy across all departments recognizes the contribution of volunteers, and foster a culture which promotes and supports volunteering as a key part of community life.

All elected Greens will keep up the pressure on statutory authorities to abide by Compact guidelines, drawing attention to those that do this well, pointing out those who do not. Recession is biting, EU and UK funding schemes are going/gone – how well are Bristol VCSEs coping with this? With VCSEs in Bristol relatively well-organised and well-represented they are perhaps doing better than many. But we are not out of the woods. We don’t yet have the culture needed to ensure that VCSEs can cope well in hard times and thrive in good times – that culture is what Greens are working for.

Greens want the divisive past few decades reversed so that there is no artificial separation between large and smaller VCSEs and no sacrifice of distinctiveness to compete for contracts. Good funding, effective capacity building, full cost recovery is what VCSEs need. Full and proper participation in decision making and proper use of the sector’s expertise in shaping communities and meeting needs is vital to the sustainable society Greens aim for.

Why vote Green? Part Three...

Greens work for strong local economies, keeping wealth circulating within communities, creating secure and stable jobs locally. This promotes wellbeing, self-reliance and sustainability eg through greater local production, improved energy and food security. We believe small is beautiful and actively support small, locally owned businesses, local exchange and trading schemes and credit unions. Our approach is in stark contrast to that of the big three parties, whose focus is the global not local economy – and that results in situations like the global banking crisis and the Kraft takeover of Cadbury’s with the loss of many local jobs.

The Green plan for rebuilding the economy - the Green New Deal – is a £45 billion investment to create 1 million jobs. It will begin to build the kind of economy and society I’ve described by: redesigning the financial system so that it serves the ‘real' economy and local communities, breaking up the big banks so they are no longer ‘too big to fail', massively clamping down on tax avoidance, generating £10 billion in revenue; investing massively in renewable energy - raising wind energy production to the same level as Denmark by 2020 would alone create 200,000 jobs; investing massively in energy efficiency measures for UK homes, schools and hospitals, creating 80,000 jobs, reducing harmful emissions and cutting fuel bills; investing in public transport and in waste management; creating more affordable housing for rent; introducing green workforce training; providing decent pensions and free social care for older people to improve quality of life, creating 60,000 jobs; reducing poverty massively by introducing a Citizen's income.

*

This post is the third of a series giving positive reasons to vote Green in the run up to this years local elections and general election.