A free enterprise based, free market in capital.
A fully competitive, free enterprise, open to all, marketplace; designed to supply equity capital to a much wider range of new, privately owned start-ups, new high technology firms and small businesses than at present on terms acceptable to everyone.
Free enterprise?
Free enterprise is founded upon the concept of the manager of the business owns the business.
Capital Spillway?
Many years ago it was discovered that, unless you provide a spillway for a dam, permitting the annual flow of a river to continue to be distributed downstream, great harm is caused to all parties who need access to that flow of water. I believe that there is a clear parallel today with our modern financial institutions. That the savings from local communities no longer return as local investment and that there is a need to recognise the need for a spillway that will permit a flow of capital for new business to return to the local communities.
Financial Institutions, the bedrock of any nation's fabric, need to recognise that they must create a free market in capital for new investment. The business venturer's freedom to create new long term jobs must be underpinned by investing capital being available to allow them to try, to venture.
Such ventures are surely the great river sources of a nation's vitality.
A full copy of the detailed proposal for A Capital Spillway Trust in PDF format is available here:
A Capital Spillway Trust for UK in PDF format
A Capital Spillway Trust for USA in PDF format