ymu
Niall Ferguson's deep-cover sock-puppet
Great blog article from Dan Hind.
The Alternative: an alternative approach
On Monday I posted about on the TUC’s ‘March for the Alternative’. In it I made the case that organized labour now faces a choice. It can either accept gradual extinction in a political settlement that privileges finance over both industrial production and the commonwealth, or it can provide a venue for a discussion about the country’s options that leads in turn to an altogether new political settlement.
The three major political parties are committed to the Thatcher/Blair accommodation of the City. As long as they continue to do so they are intellectually bankrupt. Labour and the Conservatives together devised the tilt towards finance. They both still insist that there is no alternative. The Liberals threw away whatever reservations they may have had the moment they caught a whiff of ministerial power. The government is now adopting the penny wise, pound foolish policies that did so much damage to Britain in the 1930s. Liberals then at least had the sense to champion Keynes’s ideas. Labour is playing for time, as far as I can tell. It is confident that it will reap the benefits of the Coalition’s unpopularity and romp to power in 2015 on a tide of vague talk about change and a new something or other.
The trade unions, not the Labour party, are the only serious obstacle to the Coalition’s plans. At the moment some of their leaders are talking about strikes. I would urge all those who are involved in the trade union movement – from the leadership of individual unions, to the TUC, to the millions of ordinary members like me – to begin organizing unofficial meetings to discuss the current economic and political situation and to formulate a comprehensive alternative to the current, finance-dominated system.
continues ...