Share Sounds. from Thought for the Week

Satya Nadella, CEO of Microsoft, has called for an overhaul of copyright legislation to recognise the broad span of human creativity. It is indeed time to re-align the balance between sharing knowledge and ring-fencing ownership, but the quid pro quo is to provide mass participation in the wealth creation made possible by Generative Artificial Intelligence. John Maynard Keynes' experience of the two world wars of the 20th century showed how complacent attitudes amongst the wealthy led to these tragedies, and Gillian Tett has drawn a parallel with today's cocktail of globalisation, capitalism and rapid technological development. The Achilles' heel is still acute wealth polarisation, but mass participation could provide a way forward. Background music: 'Intellect' by Yung Logos

With the '50% matured' stage for Child Trust Funds being reached at the end of October, The Share Foundation hopes the Chancellor will announce introduction of its 'Default Withdrawal at 21' plan in the Budget. This would immediately release c. £250 million of accounts to low-income young adults. Meanwhile The Share Foundation's pre-launch announcement of its forthcoming 'Stepping Forward — Performing Arts for Life' course also caught the eye of BBC news with their webpage article of this major life skills initiative for young people in care, building on the success of its Stepladder Plus course. Background music: 'Hopeful Freedom' by Asher Fulero Image source: Particle6

Five countries were recognised as nuclear weapon states under the 1970 Non-Proliferation Treaty: the United States, Russia, the United Kingdom, France and China. Other states now with nuclear weapons include India, Pakistan and North Korea — and Israel is thought to have them too. Alfred Nobel, who invented dynamite but was appalled at the thought that he would be remembered as leaving such a deadly legacy, would be pleased with the Nobel Committee's decision to issue such a clear warning against any future use of nuclear weapons. Background music: 'Sarabande' by Joel Cummins Image source: Wikipedia

UK Chancellor Rachel Reeves presents her first Budget on Wednesday 30th October after a major spending review. Her election commitments on tax rates and the priority she has given to restoring growth will limit the scope for raising further revenues, but there's plenty of room for re-balancing health spending by introducing mandatory health insurance for wealthy old folk. The balance between what comes in and what goes out is a struggle for almost all western democracies: in the United States, debt interest accounts for 76% of income tax receipts. In the UK it's 36%: still high, and that's notwithstanding the impact of frozen tax thresholds causing higher receipts, which would act to reduce that percentage. Background music: 'People Watching' by Sir Cubworth

UK Education Secretary Bridget Phillipson describes our current system for financing higher education as 'the worst of all worlds', and she's right. The combination of loan funding and universality has generated chronic problems for both students and universities. We need to apply inter-generational logic to address both this problem and the challenges faced by other disadvantaged young people from low-income backgrounds. The Times placed this story on its front page last Saturday, and re-introduction of maintenance grants for these young people will be part of the solution: this issue will clearly get some focus in the UK Budget on 30th October. Hopefully it will also include those other areas where focused help is needed for disadvantaged young people, including starter capital accounts and incentivised learning, with funding to be drawn from IHT receipts. Background music: 'Generations Away' by Unicorn Heads

In our fast-moving world, priorities are often distracted: issues which require long-term focus often lose out as a result. Unscrupulous marketeers are well aware of this, and the New Weather Institute has published a report showing how fossil fuel giants are using sport sponsorship in order to divert our attention from the need to address climate change. Background music: 'Hovering Thoughts' by Spence

In a House of Lords debate on the continuing conflict in Sudan, Archbishop Justin Welby called for a long-term plan towards peace building. The need for that is just as acute in Ukraine and, using all his considerable skills in reconciliation, he could open the door to a pathway to peace by going to meet Patriarch Kirill in Moscow. Thus far Kirill has given steadfast spiritual support to Putin, but is this in keeping with the Christian faith? How can the clear instruction to 'love your enemies' be reconciled with the continuing devastation and anguish in Ukraine and the abduction of more than 20,000 children? Background music: 'Confliction & Catharsis' by Asher Fulero

Pope Francis calls for more focus on children, suggesting that in many countries pets take preference. If the hard-won values of gender equality are to benefit generations well into the future, western democracies need to help young people towards family formation. His comments may have been prompted by the collapse in Italian fertility rates to just 1.3 birth per woman: well below the 2.1 needed for a stable population. Background music: 'Young And Old Know Love' Puddle of Infinity

The oldest recipient of a Child Trust Fund turned 22 on Sunday 1st September, but the great majority of those allocated by HMRC (due to no action by the young person's parents by their 1st birthday) are unclaimed. This is the story of Joe, who really needs his money to get started in adult life — but he doesn't know anything about his good fortune. The Share Foundation has already enabled over 60,000 young people to claim their accounts, but that's a drop in the ocean compared to the huge number of accounts lying dormant with account providers. So The Share Foundation is now asking Government to implement its 'Default Withdrawal at 21' proposal for HMRC-allocated accounts. Background music: 'Missing Persons' by Jeremy Blake