Fabianism in bed with offshore financial centres?

Has the Young Fabians lost its marbles? Their new ‘Networks’ projects launch event is sponsored by none other than Jersey Finance, a representative body for financial services in the island of Jersey. An outrage? An abandonment of the socialist fraternity on the very day that the Treasury is briefing that the Chancellor will use the Budget to double the maximum penalty for offshore tax evaders?

Far from it. On Thursday, in the heart of the City of London, the Young Fabians are launching two new innovative projects – the ‘Future of Finance’ and the ‘Technology and Society’ Networks. These networks, collectively, aim to bring young people and young leaders from the worlds of finance, technology, science and engineering together with progressive politics in order to help bring insight, imagination and energy to the broader progressive fight and to respond to our shared economic, social and environmental challenges.

These networks, in the true spirit of Fabianism, are open access and inclusive. They are founded on the belief that there are swathes of socially minded people working at the front edge of finance, research, academia, science and technology who have so much to offer the progressive movement, but perhaps have struggled to find a home in the Left. The networks aim to provide a forum that allows people to combine professional expertise with a social conscience, and – in the process – help the progressive movement become more sophisticated, more aware and more responsive to the realities of the marketplace and the broader environment.

Our inclusivity is our strength. Greater nuanced understanding of a complicated world and dialogue with all actors maybe held in horror and disgust by the revolutionaries, but they are the hallmarks of Fabian gradualism and the foundation of effective real reform towards social and progressive ends.

That’s why we’re delighted that Jersey Finance, alongside the TUC and Prospect Magazine, are supporting the launch of the Young Fabian Networks and that’s we are so keen to embrace those who support our ends, regardless of their place of work. Both Young Fabians members and progressives who aren’t members are very welcome at the launch event and in the Networks themselves. If you’re interested, please click through and RSVP.