ed balls meets his bosses in washington
This week in Washington, the Center for American Progress held a seminar, launching a “major new report, aimed at establishing sustainable and inclusive prosperity over the long-term in developed economies”. The Inclusive Prosperity Commission (IPC) – a transatlantic board convened by the centre – promises to table “innovative policy ideas” that will “spur middle-class growth”.
The IPC board is headed up by Lawrence Summers (Secretary to the Treasury under Bill Clinton), Steve Rattner (who manages Michael Bloomberg’s investments), Lord Sainsbury, and Judith Rodin (who works for The Rockefeller Foundation). What’s that smell? Oh yes, big business.
Also involved is a certain Ed Balls (Shadow Chancellor of the Exchequer). Balls and Summers have been working on this report for 18 months as joint Chairs of the commission, and also developing the Labour Party’s economic (and in some respects ideological) policy for 2015, using the same mantra as the IPC.
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