There’s a lot more to this, but here’s the most interesting part (in This Writer’s opinion):

Right from 2010, and before, the Blairites have made the absolutely fundamental error of demanding that the way to reduce the deficit was by harsh and persistent cuts in benefits and public expenditure.   If that is the message that we’re sending out to the electorate, why should they vote for us when we’re seen as no different from the Tories?   And it’s not as though their policy, the same as the Tories’ policy, is actually working.  It isn’t: the deficit today is still stuck at a massive £90bn and has hardly reduced at all after 5 years of Osborne austerity.   It’s as though Keynes never lived.   With the Blairites it’s back to the discredited Montague Norman economics of the 1920s.   They have no vision, their only cry is for ‘fiscal responsibility’ which means making the low-paid, the jobless, and the 18-25 year olds pay the price for the arrogance, the recklessness, the greed, and the incompetence  of the banks.The reason that Jeremy Corbyn is so popular, and could actually win this contest, is that he uniquely stands for making a clean break with Tory policies, above all by advocating growth as the way to pay down the deficit, not austerity which is being used by the Tories, with the complicity of the Blairites, to destroy the whole of the post-war social democratic settlement.

Source: The Blairites are beginning to panic about Jeremy Corbyn | Michael Meacher

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