Does this seem currently rather appropriate?

This was of course a trailer from the Corbyn era prior to the lost election.

In my view, then as now, it is still a sentiment that is entirely appropriate.

Perhaps Conservative techniques are still working and invoking identity politics will keep us opposing each other rather than the real problem.

Or, actually, we need to ensure that if we really want a right wing government that does not wish to work for everyone’s best interests then at least a real majority (and not, as the last time a minority) of voters vote for these same right wingers by endeavouring to ensure we get Proportional Representation.

It seems to me that is now Labour’s challenge.

Comments

  1. Schofield -

    “The working class is the working class, regardless of skin colour”.

    How apt that even the Chinese Communist Party doesn’t recognise this in the way it currency rigs to capture price point in global markets and all at the expense of the working class in other countries.

    Of course it can be argued their hegemony is dependent upon raising a very large population out of poverty so why shouldn’t the working class of the developing world help out! Well the only problem is the impoverishing of that class because businesses in their developed countries can’t compete on price. Surely the world badly needs a political ideology based on “raising all boats” consistent also with aiming at a carbon neutral future for the planet?

    Surely the world badly also needs an ideology that recognises our invention and use of money technology is about dealing with a wide variety of threats both man-made and natural, creating well-being, and just funding pure intellectual curiosity (rovers on Mars anybody?).

    1. Peter May -

      It has to be hoped that if there are any Brexit benefits it includes making stuff at home. But as we currently seem to have no coherent industrial or even science policy, I’m not desperately optimistic…

      1. Schofield -

        I’ve just started reading Robery Skidelsky’s “Keynes: The Return of the Master” and it’s already clear the problem in the UK is “split personality.” Keynes’s big theme was the inability of human beings knowing the future yet right-wing Libertarian ideology pretends an economy is always self-equilibrating (The Invisible Hand is always taking care of the future.). This belief is held despite other governments, and indeed your own, making decisions that negatively impact your country’s economy.

        Of course, you can pretend to yourself as a Libertarian that this will all go away by holding on to the fervent belief government is part of the problem not the solution!

  2. Schofield -

    I thought I ought to add some detailed comment to what I’ve just said. Using the search terms of “effective demand” and “aggregate demand” I came across this 2011 paper by Randall Wray:-

    http://www.levyinstitute.org/publications/the-dismal-state-of-macroeconomics-and-the-opportunity-for-a-new-beginning

    He even quotes from Skidelsky’s book”Keynes: The Return of the Master“ :-

    “rarely in history can such powerful minds have devoted themselves to such strange ideas”

    (Skidelsky 2009: xiv).

    Also I think I’d revise the term I used to “split personality/mentality.”

  3. Graham -

    Hope you don’t mind me expanding that quote: “the root cause of the present crisis lies in the intellectual failure of economics. It was the wrong ideas of economists which legitimzed the deregulation of finance, and it was the deregulation of finance which led to the credit explosion which collapsed into the credit crunch. It is hard to convey the harm done by the recently dominant school of New Classical economics. Rarely in history can such powerful minds have devoted themselves to such strange ideas. The maddest of these is the proposition that market participants have correct beliefs on average about what will happen to prices over an infinite future.” Skidelsky, Keynes.

    1. Peter May -

      Many thanks
      Very damning…

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