


John Caudwell[1] is no fool. Anyone who has started a company like Phones4U and turned it into a multibillion pound company must be pretty well endowed in the brains department. Yet he has one particularly intriguing belief. He believes in meritocracy: he is deeply suspicious of the idea of inherited wealth. If you want to know more about why you can hear home talking to Tony Hawks in this podcast [2] Tony Hawks is Giving Nothing Away on the BBC. But essentially Caudwell thinks that in the long run his children will lead healthier, happier lives if they have to make their own way. Like he did.
We don’t know about individuals. But we know societies function better if the follow Caudwell’s prescriptions. Old LSS hands will recall our long time advocacy of the works of Thomas Piketty [3] and Wilkinson and Pickett. [4]Who show that societies with more equal economic structures have better health outcomes, lower crime, more scientific innovation and much higher social mobility, than less equal peers. One of their key findings was that wealth hoarded into family dynasties is one of the key blockers of healthily mobile societies.
Which is why Caudwell has joined the Giving Pledge. [5]No it’s not a marxist commie plot: it’s run by some of the richest people on the planet. In the words of the organisation’s own website:
Pledgers support a wide array of issues in every corner of the globe and give in a multitude of ways. What unites them is a shared promise and a commitment to creating an impact.
Wealth can be spent in two ways. It can be wasted in endless competitions as to who drinks the best bottle of wine, drives the fastest Rolls Royce or has the biggest yacht. Or it can be re invested like this creating a healthier better world, with-who knows?-maybe even enough antibiotics. if you really want to spend your money to make your children safe, this is the way to do it. If you are a billionaire, thank you for reading. If you are not-find one gentle readers, and press the works of the Giving Pledge into their hands.
[1]https://en.wikipedia.org/wiki/John_Caudwell
[2]https://www.bbc.co.uk/sounds/brand/m002fj92
[3] Thomas Piketty Capital in the 21st Century Harvard University Press 2014
[4] Richard Wilkinson and Kate Pickett The Spirit Level Penguin 2009
[5]https://www.givingpledge.org/pledger/john-caudwell/
#john caudwell #the giving pledge #economics #philanthropy # equality #social mobility

























