The discussion, which took place as part of Tim Montgomerie's 'Prosperity for All' project, focused on the new politics of greed, not principles: candidates today, claimed Lord Ashdown, appealed to voters by promising ‘I will distribute the goodies more efficiently than my rival’, rather than by engaging them with a vision.

Lord Ashdown urged for a new political settlement to re-invigorate democracy. Controversially, he also argued that the Labour Left was in more existential trouble than his own party.

About Prosperity for All

The Legatum Institute's 'Prosperity for All' project delivers an agenda to Britain's  government for restoring faith in the free market. It convenes leaders of the Anglosphere, whose shared heritage of common law and parliamentary democracy provide a firm foundation for the project, to discuss these proposals.