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I RECENTLY accepted an invitation to join the Scottish government’s Advisory Council for Economic Transformation. The ambition is for a new 10-year national strategy to drive Scotland’s economic transformation as the country recovers from the coronavirus pandemic and transitions to a net-zero economy.
The fact that we require an economic transformation is beyond question. Pre-pandemic our financialised capitalist economy was already failing, with the asset-wealthier getting richer and the wage-poor getting poorer.
Low-paid precarious work is endemic, house prices and rents are rising and we do not have a fit for purpose industrial strategy.
This is not political point-scoring. Our economic problems are the consequence of failed policy by governments over decades.