Re: Mind The Pay Gap? Tube Drivers 'To Get £55k'
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Originally Posted by Rob
(Post 35355120)
Are you for real :eek:
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It's time to invade Jersey, Isle of Man, Monaco, and the Cayman Islands!
Bagsy me the Caymans....
Unfortunately, Alan is just continuing down the financial route that helped get us into this mess (along with the Bankers who de-coupled risk and reward, and the consumers (i.e, us....) who borrowed and spent more than they could afford), which, as Ed Milliband's close ally Lord Glasman states in today's Guardian
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"Old faces from the Brown era still dominate the shadow cabinet and they seem stuck in defending Labour's record in all the wrong ways – we didn't spend too much money, we'll cut less fast and less far, but we can't tell you how."
In a caustic assessment, he says: "Labour is apparently pursuing a sectional agenda based on the idea that disaffected Liberal Democrats and public-sector employees will give Labour a majority next time round. But we have not won, and show no signs of winning, the economic argument. We have not articulated a constructive alternative capable of recognising our weaknesses in government and taking the argument to the coalition. We show no relish for reconfiguring the relationship between the state, the market and society. The world is on the turn, yet we do not seem equal to the challenge."
He asserts that it looks as "if Labour is stranded in a Keynesian orthodoxy with no language to talk straight to people"....
..."The problem with Brownite political economy is that, even though it was true that a 3% deficit was not excessive in the context of economic growth, it was debt that was growing at the time, rather than the real economy. A vast, sustained expansion in private debt fuelled the financial sector throughout Brown's tenure as chancellor and then prime minister."
He goes on to attack some of the central insights of Brownite economics, and so by implication the thinking the shadow chancellor, writing "Endogenous growth, flexible labour-market reform, free movement of labour, the dominance of the City of London – it was all crap, and we need to say so."
He says: "Miliband needs to break out of internal party discussions and address the issue of national decline and how to reverse it. A balance of interests in corporate governance, a vocational economy, regional banks and fiscal discipline offer a platform for growth."
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In other words - face up to reality, and get some realistic policies. |
