We need to build incentives to virtue rather than incentives to vice, which prevail in the existing system and are self-interested, instrumental and … - Maurice Glasman, Baron Glasman

Unfortunately, the comments were misconstrued. I was saying that we needed to speak to the supporters of the EDL, not, as some people made out, that we should speak to the EDL itself. The idea that we should speak to upset, angry and dispossessed people, to try build a better life together, must be addressed and historically the Labour movement has been the vehicle to do this. It is a broad-based approach. Where there are mass outpourings of discontent, you have two choices, either you demonise them or you break them.

I would argue for the establishment of unitary city parliaments in all our major cities. The entire population of Scotland could fit into North London and all of Wales into South London with something to spare and yet we fret over our national settlement. Of far more importance is the establishment and linking of institutional power for capital and citizens in a renewed framework of democratic cities and counties. That is one meaning of the Labour Commonwealth.

Regional Banks that are constrained to lend within a particular area are a necessary part of the institutional ecology in that they resist the centralising power of capital, allow a more stable access to credit for regional and smaller businesses and encourage relationships and reciprocity to constrain the demand for higher rates of return that have decimated the mutual bank sector in Britain. They also offer an alternative to usurious lending, one of the great growth areas in our economy. Any serious reflection on ‘employment policies’ must confront the centralisation of capital and the state and seek to constrain both through the endowment of decentralised regional and sectoral institutions that constrain centralisation and preserve and renew traditions of virtue within the economy through resisting the commodification of human beings, nature and knowledge demanded by the maximum return on investment. It allows initiative and enterprise to be oriented towards the future.