What should we value in the 21 century. An Oxford conference explores the impact of the metaverse, climate change, and social inequality on the values we hold. Values that are closely linked to FE.In late January 2023 I took part in a conference on values and value, at the Blavatnik School of Government, Oxford. It was a great privilege. During my career in FE, the pressures on the sector were such that it was hard to find the time to reflect on wider values, other than a conviction that vocational education was beneficial to the learner, and under-rated, yet vital for the future of society.The white paper from the conference has just been circulated to participants. I hope it will be more widely published.The good news is that in discussions on business practice and public policy for the 21st century, there was a forceful, pervasive argument in support of the future role for further education. The white paper recommends the use of further education colleges as spaces in which to run collaborative experiments and conversations. ‘We recommend further education colleges as places that have strong links to and understanding of the communities in which they are based’. This is a rare acknowledgment of what we in FE understand but is rarely recognised in the policy community. ‘They are typically established in those communities, with good relationships with local businesses and other local employers, and knowledge of the skills base and potential of the communities.’Concept of Colleges as civic ‘anchors’This is very much in line with our concept of Colleges as civic ‘anchors’ (e.g. FE News, April 2020). There was also an understanding of the pressure on us: ‘There is no small irony in the fact that further education colleges have recently been brought together under the direct control of the Treasury’.Delegates came from far and wide. Jointly organised by the University of Oxford, the Blavatnik School of Government, the Saïd Business School, Oxford Internet Institute, the Fraunhofer Centre for International Management & Knowledge Economy (IMW), Global Solutions, the New Institute, Hamburg, it drew scholars from around the world. With 134 delegates the conversation ranged widely.One focus was to ‘reassert the centrality of moral values for the conduct of human life and to explore the role of values in policy and business decision-making’.This is in a context of threats from a climate crisis, environmental degradation, geopolitical tensions, misinformation, loss of trust, and growing inequality on a national and global scale.We took the premise that moral values are not rules, they are established by socialisation and storytelling. Consequently, they vary between cultures. What are the chances of a universal protocol? Sadly, the focus of nations has for many years been overwhelmingly on economic growth and GDP. Yet some businesses are moving on from purely profit maximisation towards new concepts of the economy that provides benefits for the future. There is an increasing literature on ‘altruistic leadership’, and value-based policy making, which reconsiders notions of ‘prosperity’. Increasingly calls for a greener future are accompanied by consideration of a ‘just transition’ where biological survival is accompanied by decreased social inequality, towards amplifying the voices of those who are less powerful. Again, Further Education is central to this ‘Solutions must be designed at a local level, with participation by multiple stakeholders, including local government, businesses, charities, education providers, and local people’.Values, of course, can be manipulated. Hence the second focus of the summit, the need for digital governance. The metaverse presents a challenge to traditional values. At presentillegal, or simply toxic, content and misinformation can easily spread online, companies collect and exploit the customer data that is supplied mostly unwittingly through digital transactions and activities. (This manipulati...