“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.”

— Maurice Glasman, Baron Glasman

Blue Labour, Tackling Poverty Together http://www.bluelabour.org/2013/11/24/tackling-poverty-together/

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "The story of the Northern Counties Building Society is instructive. Established in 1850 in the North East by dispossess…" by Maurice Glasman, Baron Glasman?

Maurice Glasman, Baron Glasman 49

British philosopher 1961

John W. Meyer (1935) Sociologist and professor at Stanford University

Source: "Reflections on institutional theories of organization,." 2008, p. 790

“The Budget, and the policy of the Budget, is the first conscious attempt on the part of the State to build up a better and a more scientific organization of society for the workers of this country.”

Winston S. Churchill (1874–1965) Prime Minister of the United Kingdom

The People's Rights [1909] (London: Jonathan Cape, 1970), pp. 146-147
Early career years (1898–1929)

“The destruction of the British building society movement – or much of it – in the two decades after the late 1980s … was one of the great acts of economic vandalism in modern times. And the commercial banks largely abandoned locally based relationship banking in the decade before the recent financial crisis. There is now no institutional structure in place to offer countercyclical lending, particularly small and medium sized businesses, in place of the banks.”

Vince Cable (1943) British Liberal Democrat politician

Comments on demutualisation of Building Societies http://www.libdemvoice.org/vince-cable-centre-forum-speec-29033.html, 18 June 2012.
2012

“The challenge for Labour is that there’s huge support for working class, from mining communities, from northern working class communities for UKIP, which wouldn’t be the case if they were a straightforward Thatcherite party. So an ability to engage with the rage and dispossession people feel is absolutely necessary for constructive politics. And how do you build a common good between locals and immigrants? How do you build a common good between north and south, between the small towns and cities? We’re not thinking of the levels of abandonment that people feel, and UKIP express that.”

Maurice Glasman, Baron Glasman (1961) British philosopher

Maurice Glasman on Democracy, creative destruction and Wolf Hall https://soundcloud.com/university-of-cambridge/1-maurice-glasman-on-democracy

“I would suggest that we use 5% of the bailout money to endow the Banks of England, which would be established in the counties and cities of England and would be constrained to lend within the county or city. The principal of the endowment would be in trust to the people of that county or city, in perpetuity so that it could not be liquidated by its members, and the balance of power in its corporate governance will be held by a third being held by the Bank of England, a third by its workforce and a third by the civic institutions of the locality. These newly constituted ‘Banks of England’ are one of the essential feature of Blue Labour statecraft built upon endowment and institution building.”

Maurice Glasman, Baron Glasman (1961) British philosopher

Blue Labour, An Ancient Polity For A New Economy? http://www.bluelabour.org/2012/06/19/an-ancient-polity-for-a-new-economy/

“I have hope because civil society is becoming better informed and more engaged. They are pressing their governments for change — to create democratic societies based on diversity, tolerance and equality. They are proposing creative solutions. They are raising awareness, donating funds, working to transform civic spirit from the local to the global. Working to bring the human family closer together.”

Mohamed ElBaradei (1942) Egyptian law scholar and diplomat, former Director General of the International Atomic Energy Agency, and Nobel …

Nobel lecture (2005)

“Civil society organisations make a major contribution to human development, particularly when democracies are failing, or have failed; for it is then that the institutions of civil society can, and often do, carry an added burden to help sustain improvements in quality of life. I believe strongly that a critical part of any development strategy should include support for civil society. I know that Norway supports this approach and works actively with its own civil society organizations to build capacity in the developing world.”

Aga Khan IV (1936) 49th and current Imam of Nizari Ismailism

In a speech on Democratic Development, Pluralism and Civil Society delivered at the Nobel Institute, Oslo, Norway (7 April 2005). http://www.akdn.org/speech/nobel-institute-oslo

“We want to build a new society, a free society where all men are equal, a society where industry, thrift, integrity and uprightness prevail hence we must wipe out all bad habits of the old society.”

Ho Chi Minh (1890–1969) Vietnamese communist leader and first president of Vietnam

"To Practice Thrift and Oppose Embezzlement (1952)
1950's

“The building of a just society means overcoming every obstacle to the creation of authentic peace.”

Gustavo Gutiérrez (1928) Peruvian theologian

Source: A Theology of Liberation - 15th Anniversary Edition, Chapter Three, The problem, p. 31

“Growth and prosperity. These are the blocks with which we must build our welfare society.”

Lars Løkke Rasmussen (1964) Danish politician

From the Opening Address to the Folketing (The Danish Parliament) on Tuesday 6 October 2009.
2000s, 2009

Help us to complete the source, original and additional information

Maurice Glasman, Baron Glasman 49

Related quotes

Related topics