A democratically governed national fracking fund should be set up, perhaps similar to what Norway and Alaska have. Areas of drilling should be rented to companies through public tender, with or without subsidies, and a rising share of profits beyond a negotiated upper limit should be deposited in the national capital fund.

The Magna Carta was the first class-based charter, enforced on the monarchy by the rising class.

Capital is taxed much less than labour; subsidies going to capital, the rich, and middle-income earners greatly exceed the benefits going to the precariat and underclass.

Guy Standing Quotes