Foundational Economy : The Infrastructure of Everyday Life, New Edition

This book shows how the foundational economy – public services, infrastructure, education and health care – was built up between 1880 and 1980 so that they were collectively paid for, collectively delivered and collectively consumed. This system of provision has been undermined in the age of privatisation and outsourcing. -- .

The foundational economy is everywhere: from clean water to care homes, schools to hospitals, these vital services were established between 1880 and 1980 to be collectively paid for, collectively delivered and collectively consumed. This essential framework has transformed the lives of billions, but in the last generation it has come under considerable attack. Privatisation, market choice and outsourcing have depleted the material infrastructure at the core of everyday life, and the foundational economy is in desperate need of renewal. This book sets out the principles and initiatives to end the degradation of the foundational economy and restore its essential place in society. In the face of our growing needs, the authors argue, politics must refocus on foundational consumption and universal minimum access and quality. This book is relevant to United Nations Sustainable Development Goal 8, Decent work and economic growth -- .