Mark Blyth's brought it up a fair amount lately, his thoughts are fund it at least initially through government purchase of distressed equity and sales of bonds during crises and selling back the distressed equity after crises. Seems like there would be a lot of different ways to do it, the question too is what to do with it. My immediate thought and concern what to have it do would be for it to cover the sorts of things the private sector can't which have positive knock-on effects, whether it's work training and vocational placement, better employment pools than the temp agencies can offer, and maybe many organizations focused on generating / re-seeding social capital and social cohesion. A good way to put that is it could be a good Yin to the private sector's Yang, something centripetal rather then centrifugal.
A quick article on the concept:
https://www.plansponsor.com/in-depth/ti ... alth-fund/
Any thoughts?
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10 Dec 2020, 11:09 pm
