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There’s a closely related and I would argue more important distinction. The balance between a transaction based life / economy vs a relationship based life / economy.
An excellent reminder that bigger isn’t necessarily better. For me, it has never been a case of public versus private enterprise in the economic sphere: both are necessary. But something else is also necessary, and that is the idea that the size and structure of organisations should be based around what each has to offer in the provision of goods and services, rather than adopting the simplistic notion that one or the other, public or private, is the answer to everything. The problem is that unrestricted private enterprise leads to monopoly, and total public enterprise leads to bureaucratic paralysis. What we really need, if we are going to be genuinely radical, is to accept that there is also such a thing as community enterprise, based around localised needs, and which are often co-operative and mutual in their operation and organisation. Current economic wisdom pays lip service to this third sector, whilst prioritising the other two in policy and practice. What many people forget is that, once upon a time, every big firm like Carillion was once a very small business which has now grown beyond its structure by following the private enterprise route of amalgamations and take-overs designed to remove competition and produce a monopoly. That inevitably leads to the collapse that has now happened. A sustainable economic system needs to embrace public, private and community enterprises in a never-ending fluid environment in which businesses come and go depending on the problem that needs to be addressed, and in which the basic question that is asked is :”What is the most effective form of enterprise to deal with this problem?” rather than agonising over whether it should be public, private or community led. All three forms of enterprise are necessary for a complete economic system which functions on the basis of meeting need. And a further requirement is necessary – a level legislative playing field which recognises the right of each sector to exist, with equal access to the same opportunities to meet needs identified at whatever level, be that local national or international. The bias in the current system towards private enterprise is inhibiting creativity, innovation and enterprise at every level in the UK economy, and it is long overdue for genuine, sustainable and effective radical action.