Morning call: pick of the comment

The ten must-read pieces from the Sunday papers

1. Cameron tells us Britain is broken -- but not how to fix it (Observer)

After the horror of the Edlington case, says the Observer editorial, we must search our society for explanations. But there is a gap in Conservative social policy between the big "broken Britain" rhetoric and the little ideas.

2. Sending signals is not enough (Independent on Sunday)

John Rentoul points out that back in 1993 Tony Blair used rhetoric similar to Cameron's. But the Conservative leader's flailing semaphore doesn't address the complexities of "our broken society".

3. This social work by computer system is protecting no one (Sunday Times)

Hundreds of thousands of children are growing up in disorder and neglect, says Jenni Russell, and our system is prepared to deal with only a fraction of them. We must provide early intervention, or intensive support.

4. Marriage just wasn't a choice for my mother (Observer)

The Conservative MP David Davis defends Tory reticence on defining a marriage policy, arguing that it is a complex area. He illustrates this with personal experience, saying he favours marriage, but we must not forget those who are divorced, widowed or abandoned.

5. Apple's Tablet: a gizmo to save the world (Sunday Telegraph)

William Langley looks ahead to the launch of Apple's latest device, the iTablet, and thinks it could rescue our society from electronic servitude.

6. We were too slow in Haiti, and need to know why (Independent on Sunday)

Frank Judd says that wiith disasters likely to become more common, we need beefed-up international bodies that reflect the global public's desire to help.

7. After the Massachusetts Massacre (New York Times)

Neither in action nor in message is Barack Obama in front of the anger roiling the country over a dysfunctional economy and corrupt business culture, says Frank Rich. He must exercise take-no-prisoners leadership to stay in the White House.

8. Barack Obama's banking plan could split the west (Sunday Times)

Picking up the same theme, the Times leading article says that governments collectively can prevent banks from playing the system. Divided, they will end up achieving little.

9. Stop playing politics with our rights and freedoms. They're too valuable (Observer)

The Human Rights Act was used as a fig leaf for attacks on our civil liberties, says Henry Porter. What we need now is a great repeal bill which restores all that Labour has taken from us.

10. David Cameron's dream could end up a nightmare (News of the World)

Fraser Nelson discusses the possibility of a hung parliament, warning that the Tory leader could end up at the mercy of party rebels if he is elected without a large majority.

 

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Love him or loathe him, Britain needs more Alan Sugar

Big business is driving down wages, failing to invest, and funnelling rewards to the richest.  Entrepreneurs - and the state - need to fill the gap. 

The business baron who loves a bust-up has just been hired by Her Majesty’s Government to tour the country inspiring the next generation of apprentices. And he’s got his work cut out for him.  

Britain is loads more enterprising than it used to be - but the truth is, we’re miles behind our rivals. The good news is that Britain boasts nearly two million more firms than at the turn of the century. Over 40 per cent of Europe’s “unicorns” (new firms worth over $1 billion) are UK based. And by the next election, there will be more self-employed people than public service workers. 

But, here’s the bad news. Globally, we’re only 48th out of 60 in the global enterprise league table - and of the top 300 companies created in the last thirty years, only a handful are British. The only two British websites in the global 100 were actually founded in America - google.co.uk and amazon.co.uk. Worst of all, according to new House of Commons library figures which I commissioned this week, over a million people have left entrepreneurial activity in the last three years. 

Yet in my new history of British capitalism, Dragons, published today, I show how we’re a nation built by some of the greatest entrepreneurs on the planet. They were the buccaneers like Robert Rich, who built the trading companies and colonies of north America. The traders like Thomas Diamond Pitt who built old multi-nationals like the East India Company. They were industrial revolutionaries like Matthew Boulton who perfected the steam engines, and capitalists like Nathan Rothschild who built the bond market. Down the ages, there were of course great rogues and fraudsters, slavers, opium dealers and imperialists, like George Hudson, William Jardine and Cecil Rhodes. And through the centuries, women were in particular, were frozen out of the power structures of the market. 

But, throughout our past, great visionaries like George Cadbury, William Lever and John Spedan Lewis not only created new wealth but invented new ways to share it, from Port Sunlight to Bournville, to the board rooms of the John Lewis Partnership. 

Theirs is the entrepreneurial spirit we are going to need to rebuild Britain. Why? Because we can no longer leave the task to big business. Big business is driving down wages, failing to invest, and funnelling rewards to the richest. Today, UK firms are sitting on an extraordinary £522 billion in cash. And that’s after they lavished out £100 billion in share buy-backs in 2014. According to Larry Fink, the head of Black Rock which is the world’s biggest investment manager, the gargantuans of the global economy are simply failing to invest in the new jobs and industries of the future. 

So we’re depending on our entrepreneurs to turn new ideas into new industries and new industries into new jobs - whether it is in big data, cyber-security, driverless cars, the internet of things, or genetic medicine. It’s not just good for progress. It’s good for jobs. In fact, if our young people today were as entrepreneurial as their counterparts in Germany or America, its estimated they would create an extra 100,000 jobs. 

The big lesson from 600 years of the history of capitalism is simple: entrepreneurs make history - by inventing the future. So we need the government to start doing an awful lot more for the enterprise economy; spreading enterprise education, investing more in science, shifting government contracts to small high growth firms, and sorting out the banking system. But if we want a better future for Britain, we need an awful lot more entrepreneurs to do well. And so we need AlanSugar to succeed.  

Dragons: Ten Entrepreneurs Who Built Britain is published by Head of Zeus today

Liam Byrne is Labour MP for Birmingham Hodge Hill, cofounder of the UK-China Young Leaders Roundtable and author of Turning to Face the East: How Britain Prospers in the Asian Century.