Principles of a new economy

Yesterday the Bank of England laid bare what an economic omnishambles Britain is in.

When blame is apportioned we have to take our fair share. We didn’t do enough to regulate a financial sector that was obviously out of control, we chucked bad money after good into wasteful schemes like Private Finance Initiative. We didn’t do enough redistribute wealth and raise wages and our cardinal sin was to trust the market both to regulate itself and redistribute wealth sufficiently, we allowed the state to subsidise poverty pay through the welfare system. Continue reading

The anti-imperialism of fools….

While the world’s gaze if fixed on London and the Olympics, in Syria, the battle for Aleppo has well and truly begun. This is clearly an attempt by the Assad regime to reassert itself after the bombings and raids into Damascus that knocked it so badly off-balance. So, it is a crucial battle, whichever side wins will have the momentum in the conflict and a possibly decisive tactical advantage. You can’t help but feel that if Assad and his loyal forces win that the retribution against the city itself and the Syrian people in general will be swift and bloody and although it may be far away from here and seemingly a world away from the glitz and glamour of London, the repercussions will inevitably be felt eventually on British shores. Continue reading

The Blairites are morally bankrupt

The likes of Alistair Darling are keen to step-up to the plate and sling mud over our record in government but rather less willing to discuss a real issue, like our record on conducting and assisting torture and ‘rendition flights’. This shows the complete moral bankruptcy of the politics of Blairism in this Party. It spoke with such compelling moral force in its prime, but now it’s a sad whimper of that, exposed like the Emperor of legend, completely naked, bereft of clothes and any moral authority. Over the weekend, we have been subjected to a barrage of revelations about Mr Blair’s links to the Gaddafi dictatorship which should make all decent members of this Party, at least those who have any moral fiber to call their own, blush with shame. Continue reading

Defend Ken from Guido’s nonsense

The election to the post of London’s Mayor in 2012 is an absolutely key election that Labour must win to show it is nationally back on the map. Partly this is to do with symbolism, but it also reflects the goodly number of parliamentary seats up for grabs in London. It is no surprise then that the right and the Conservatives are chucking everything, including the kitchen sink, at Ken Livingstone in an attempt to de-rail his campaign.

The latest example is this piece of nonsense from Guido Fawkes which criticises Ken for posing in-front of the family home of Boris Johnson for a impromptu photo-shoot. Continue reading

PM shows how NOT to respond to riots

Prime Minister David Cameron stood-up today and gave us an instructive lesson in how not to respond to the recent scenes we have seen on British streets. Unsurprisingly, his speech was laced with ‘broken society’  rhetoric and a law and order response. He dismissed those who wanted to talk about “resources” and outlined a now pending crack-down on civil liberties. He starts from a place close-by to Hogwarts, where the world is divided into ‘goodies’ and ‘baddies’. Continue reading