Shows
Lowy InstitutePanel discussion: Why citizens should win the battle for control over sovereign wealthHow can it be that governments are wealthier than ever, yet fewer citizens enjoy the benefits that such wealth can bring? Never before have so many governments owned so much wealth in the form of financial assets amassed in state-controlled investment funds. Despite this, deficits persist, inequality worsens and the effects of the 2008 crash still reverberate. “Citizens’ wealth” – creating an additional source of revenue by turning states into wealth-owners - is a long-established idea, but we are yet to see this powerful tool used to its full effect.On 5 April the Lowy Institute hosted for a panel discussion on this...2017-04-071h 03
Politics and International Relations PodcastsBook Launch: 'Citizens' Wealth'Author Angela Cummine gives a brief overview of her book on Sovereign Wealth Funds: what they are, and who actually owns them. Dr Cummine then explains some of the political disagreements that can occur when the state sees itself as the primary owner of sovereign wealth, rather than the agent of the people, who she argues, are the principal-owners of these assets. It is citizens therefore, who must enjoy meaningful control over and benefit from these assets. If sovereign funds are managed and used in a way that respects this vision of them as community funds holding citizens' wealth, they...2016-09-2924 min
RSA EventsCitizens’ WealthHow can it be that more governments are wealthier than ever, and yet fewer citizens enjoy the benefits that such wealth can bring?
“Citizens’ wealth” – creating an additional source of revenue by turning states into wealth-owners - is a long-established idea. And yet we are still to see this powerful tool used to its full potential effect, and in the service of ensuring the interests of its rightful beneficiaries – the people.
At the RSA, political theorist Angela Cummine outlines what measures are needed to ensure that the management of sovereign funds truly reflects, promotes and protects t...2016-09-2348 min