Will Hutton examines how Britain could create an economy, society and democracy in which the mass of citizens flourish " reinventing and repurposing core institutions like the company, the bank, the shareholder and trade union that have in varying ways lost their way. For too long Britains problems have been understood in terms of the dysfunctions of the state, deficits, debt and regulation. Instead Britain needs good owners who invest and innovate. Unleashing an innovative, high wage economy demands a new approach.