Following a conversation with left leaning friends (hopefully they are even more left leaning now!) it seems to me that Labour have to recognise that a Starmer government repeating New Labour’s idea of managing neoliberalism rather better than the Tories is not enough (and even Gordon Brown seems to accept this now, which must be difficult for him.)
Neoliberalism has categorically failed. It doesn’t work. It’s based on the false principle of a government as a household, which is supposedly saddled with lots of debt from private lenders, when, in fact, government actually owns a bank and also the Royal Mint, which after all, prints coinage at will.
Labour needs to ditch the Conservative neoliberal narrative. It needs to completely reset the paradigm and in so-doing give hope for the future to millions of voters.
In order to do that, I can see no other way than that it has properly to understand money.
The most powerful Tory trope is ‘there is no money’, when it is a human invented system of allocating resources – which often nowadays seem to be rather misdirected….
My Labour MP is retiring at the next election and I’ve now joined Labour to try to ensure there will be at least one Parliamentary candidate who understands money…
One of them certainly does and he’s a young radical who suggested I read the Deficit Myth… But he may be deemed too young to be nominated, so ensuring every candidate has read it or at least understands its ideas is the first challenge….