Posts under ‘Industry’

A Left Economic Strategy for Labour – putting meat on the bones

by John Penney and Danny Nicol.

Left Futures recently published an article of mine, Labour needs to rediscover comprehensive economic planning, in which I argued that Labour, and the radical Left generally, needed to rediscover the centrality of the need for a comprehensive Left Economic Programme both as a core policy offer for Labour, and as a guide and implementation tool […]

Labour needs to rediscover comprehensive economic planning

by John Penney.

In his barnstorming 2015 and 2016 Labour Leadership campaigns Jeremy Corbyn outlined a series of, very enthusiastically received policy offers of a distinctly left Keynesian, anti-austerity hue. These proposals ranged from renationalising the railways, to fully re-nationalising and refunding the NHS, establishing a universal free national education service, nationalising key utilities, controlling the banks more […]

Corbyn sets out economic vision in speech to British businesses

by Newsdesk.

Jeremy Corbyn set out his economic vision to the Confederation of British Industry (CBI) yesterday, in a speech that focused on using the state to encourage and promote entrepreneurship. Arguing that Labour had “plenty of common ground with the CBI”, he said the party was “open to change”:

Britain’s problem: Philip Green is the archetype British capitalist

by Phil Burton-Cartledge.

On global capitalism in Lenin’s day, the Bolshevik leader had this to say: “Imperialism is an immense accumulation of money capital in a few countries … hence the extraordinary growth of a class, or rather, of a stratum of rentiers, i.e., people who live by “clipping coupons”, who take no part in any enterprise whatever, […]

Government intervention is vital to save steel and reverse industrial decline

by Steve Laughton.

Ken Clarke was pronouncing on Radio 4 several days ago that in the eighties people were calling for nationalisation to save British industry. He claimed the idea that the UK will collapse unless the government steps in has been heard before and is tired old nonsense. He seemed to think that history and the magic of free […]

It’s the country’s deficit not the government’s that matters – devalue to re-industrialise

by Bryan Gould.

The imminent crisis in what is still laughingly called the British steel industry is being greeted just as other similar developments have been for decades – with consternation and anger, with concern for the implications for social cohesion in general and for workers’ families in particular, but with no recognition that this is just the […]

Nasty signalling over Port Talbot

by David Osland.

There is currently no small vogue among polemicists of right-wing bent to accuse lefties of something they call ‘virtue signalling‘. So please allow me to introduce a parallel neologism. Many of the ugly responses from free market ideologues to the crisis now destroying the British steel industry are clear-cut examples of nasty signalling, designed to […]

Rotten Tory ideology is laid bare by crisis in steel

by Michael Burke.

In order to defeat Osbornomics it is necessary to understand it. A central tenet is that the private sector is the key to prosperity and that therefore everything possible should be done to promote and encourage it. The state should shrink in order to release the inherent dynamism of the private sector. The argument runs […]

Labour, John McDonnell and the New Economics

by David Pavett.

Once the surprise and the shock of Jeremy Corbyn’s election as Labour leader had sunk in, many (including me) became impatient for policy initiatives and membership involvement in policy formation to come to the fore. Clearly cutting through media hostility is a major task but I find it difficult to see that more could not […]

Yvette Cooper is wrong about nationalisation

by Phil Burton-Cartledge.

This was bound to come back at some point. In a speech this week to launch The Changing Work Centre – a new think tank looking at, you guessed it, the changing nature of work – Yvette Cooper admonished Jez and John McDonnell for talking about re-nationalisation. “Labour must not get drawn into touting yesterday’s […]

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