Labour’s vision of a ‘new economics’ is desperately needed in a Tory Britain bankrupt of ideas

Jeremy Corbyn, speaking at Labour's 'state of the economy' conference.

Jeremy Corbyn, speaking at Labour’s ‘state of the economy’ conference.

Right-wing critics will still say Labour wants to nationalise everything, because that’s what right-wingers do – they confuse Labour with Communism.

In fact, Labour aims to mix public service with private enterprise, so citizens of the UK are able to access affordable public services while enjoying opportunities to improve the quality of their lives via the world of work.

To This Writer, that seems a better option than the Tory way, offering services only to those who can afford them and keeping the vast majority of the population in their place through poor education, failing healthcare and wage restriction.

There are vested interests who will say the Labour way won’t work – and who will do all they can to hinder a Labour government. That’s partly why so many Labour governments have failed in the past.

So part of any strategy – alongside presenting the arguments that will persuade people to at least try policies that will help them in the long term – must be identifying and eliminating arbitrary obstructions; people who try to thwart Labour policies for no better reason than that they want Labour to fail.

And it will be uphill work – even the part that involves persuading people will be difficult in a country where the media is almost entirely owned by Tories who want to feed you nonsense, on repeat, until you believe it.

Don’t believe the nonsense. Use your intelligence.

Labour will seek to distribute the rewards of growth more fairly, Jeremy Corbyn has said, as he set out his party’s plans for the economy.

Addressing activists, he called for a “mixed economy of public and social enterprise… a private sector with a long-term private business commitment”.

He said a Labour government would break from the “failed economic orthodoxy”.

Shadow chancellor John McDonnell said Labour would build 100,000 council homes a year and boost home ownership.

At Labour’s “state of the economy” conference in west London, Mr Corbyn set out his desire to reform capitalism and said his party needed to “deliver the new economy that this country needs”.

Mr Corbyn said a proposed National Investment Bank would boost the UK’s infrastructure.

Councils would be given the power to limit “skyrocketing” rent increases, he added, pledging to help people “at the mercy of an unforgiving, unrestrained housing market”.

The measures put forward at the conference will be subject to consultation, and will not immediately become party policy.

They include powers to regulate private rent rises – similar to those pledged by former Labour leader Ed Miliband in the party’s unsuccessful general election campaign – below the rate of inflation for the duration of a tenancy.

Mr Corbyn said government intervention was needed to solve the housing crisis.

Source: Jeremy Corbyn outlines Labour’s vision of a ‘new economics’ – BBC News


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2 thoughts on “Labour’s vision of a ‘new economics’ is desperately needed in a Tory Britain bankrupt of ideas

  1. jeffrey davies

    hmm unless these firms atos crapita a4e maximus serco and the rest out of government then the bleeding of monies will continue it isnt rocket science look to america were each have been shown up in court yet allowing these to bleed us futher will make us poorer jeff3

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