The Common Wealth – Equity

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Download The Common Wealth (word) (pdf)

The values: Community Engagement, Equity, Stewardship, Fairness, Freedom, An Ethical Culture

Equity


Equity is promoted through equality of opportunity. Such opportunity focuses on early childhood and later on access to quality education, to develop multiple talents.

Examples

Education, particularly in early years, to be a broadening rather than constraining.

Coherent national public policy and funding of all schools which ensures that all schools achieve national goals for their student communities. This will require supplementary funding for disadvantaged schools and students. Within this framework, all schools receiving public funds will be required to work within public criteria for curriculum and teaching, student access, planning to reflect movements in the overall school population, accountability for and transparency in all aspects of school performance.

Particular policy attention to health of infants and children to protect against lifetime disadvantage.

Alternative values

Life is tough; there will always be winners and losers. At any stage in history some talents will be more useful and therefore more worth developing than others.


Because there is equality of opportunity there is social mobility, reducing the risk of envy, alienation, disengagement, and class tension.

Examples

Education and other public resources to provide opportunities for mobility.

Alternative values

Because of some combination of genetic and intergenerational environmental factors, there will always be a self-perpetuating underclass, and of some who are intrinsically superior. Any attempt to change this natural order is futile and at worst raises false expectations and envy.


Life's fortunes can change; with social insurance even the well-off may need a safety net.

Examples

Social insurance programs, particularly in health care, natural disasters.

Alternative values

Survival of the luckiest may not be fair, but it is a practical way to distribute resources.


Inequality is contained within bounds. To the extent that choice for all can be sustained, individuals have control and choice over their economic circumstances. Economic incentives and rewards are related to merit — effort and contribution to the collective good.

Examples

As an adjunct to universal programs, governments to have programs, particularly in health and education aimed at the most disadvantaged, without stigma.

Alternative values

Inequality is a spur to economic contribution.

Equality of outcome is achievable; rewards can be de-coupled from contribution. Because people can be motivated by higher ideals than economic rewards, economic rewards are unnecessary.We should be highly specialized in a globalized economy. Although specialization results in wide disparities in private income and limited opportunities for productive or fulfilling work, these disparities can be overcome with transfer payments.


As far as possible, economic well-being is achieved through economic participation in productive and fulfilling work, rather than dependence on welfare.

Examples

Industry policies to encourage a range of employment opportunities, without recourse to ineffective means such as tariffs. Aim is for a society with less need or welfare.

Taxation and transfer programs to support productive activity rather than speculation and rentier income.

Productive work includes work outside the market sphere such as caring and child-raising.

Alternative values

We should be highly specialized in a globalized economy. Although specialization results in wide disparities in private income and limited opportunities for productive or fulfilling work, these disparities can be overcome with transfer payments.


Download The Common Wealth (word) (pdf)

Other values: Preamble, Community Engagement, Stewardship, Fairness, Freedom, An Ethical Culture

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