Scary Stuff.

I read something truly frightening in the newspaper over the weekend.

Sir Ronald Cohen, once Chairman of Apax, one of the largest private equity groups in the world, was sketching out his ideas for community development schemes in the UK.

A Social Investment Bank, created and funded from derelict bank accounts, insurance funds and premium bonds, would invest in voluntary groups and social enterprises not currently supported by the retail banks. Gordon Brown likes Mr Cohen; and reading his article, so do I.

But look at the opening premise;

“Governments are just not powerful enough to maintain social cohesion. The wealth chasm between rich and poor is widening and the result will be violent reactions from those left behind”.

Perhaps governments are not powerful enough; perhaps they are not creative enough; perhaps they do not care enough. Whatever the reason, it’s a scary proposition.

Drew Mishmash