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The story of the Northern Counties Building Society is instructive. Established in 1850 in the North East by dispossessed workers who pooled their fu… - Maurice Glasman, Baron Glasman
" "The story of the Northern Counties Building Society is instructive. Established in 1850 in the North East by dispossessed workers who pooled their funds to retrieve a home in the world it grew steadily over the years. It was part of the local economy and society, that most precious civic inheritance, a trusted financial institution. In 1965 it merged with another local institution, the Rock Building Society to become Northern Rock Building Society. It demutualised in 1997 and became Northern Rock, which sponsored Newcastle United and became the fifth biggest lender in the UK market. An institution that was founded by local people for local people and had partnered its region in good times and bad for a hundred and forty seven years, that had weathered four serious depressions and emerged stronger from each could not last through New Labour’s period in Government.
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About Maurice Glasman, Baron Glasman
Maurice Glasman, Baron Glasman (born 8 March 1961) is an English political theorist, academic, social commentator, and Labour life peer in the House of Lords. He is a senior lecturer in Political Theory at London Metropolitan University and Director of its Faith and Citizenship Programme. He is best known as a founder of Blue Labour, a term he coined in 2009.
Also Known As
Alternative Names:
Maurice Mark Glasman, Baron Glasman
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Maurice Glasman
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Maurice Mark Glasman
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Lord Glasman
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Additional quotes by Maurice Glasman, Baron Glasman
This conference has a very weird atmosphere – it’s a different atmosphere. It’s an atmosphere of a superannuated student union. They’ve just stayed in the student union through a lifetime. Until we have the maturity and generosity to have a genuine understanding of New Labour our growth will be stunted. The present criminalisation and demonisation of Blair doesn’t help us get to that place.
Neither economic liberalism nor Keynesianism can conceptualise vocation, virtue or labour value as economic categories, neither can give a primary economic value to intermediate institutions, whether they be the corporate governance of a firm, vocational colleges, regional banks or supporter owned football clubs, they can only conceptualise the state or the market and all forms of particular association are viewed as at best “cultural” or at worst “obstructive”. They can give no conceptual status to place, to the specificity of place and the necessity of institutions in generating virtue and value within it.
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The nadir came out in Gordon Brown’s ‘that bigoted woman’ moment when I think what we saw was where a completely normal person, a Labour supporter too, expresses something about what she could see in her life about there being a lot of immigrants and Brown dismissed her as a bigot. Well, I saw that as an absolute manifestation of a self-righteous, self-regarding, elitism in Labour that really despises the concerns of working people. Labour had reached a situation under Brown where most of the people in the party hated one another and they hated people outside the party too.
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