Chapter 7: The State as Steward

Governments do not have the option. They are stewards by nature. Governments, in general, would readily acknowledge their obligation “to be wholehearted and responsible in their management of the assets with which they have been entrusted so that they pass them on in a better condition”. This is the very definition of stewardship. The approach that the state takes towards wealth creation will, however, be a particularly vital determinant of its overall success. In economies around the world, in different forms and varying degrees, the role of the state in promoting responsible wealth creation with an emphasis on the long term is crucial…