Smokeandsteam
Working Class First
From McDonnell’s economic advisor.
As Meadway make clear the programme that Starmer has set out would be a significant change to British economic policy since Thatcher and a more economically interventionist and corporatist state would be the result. This is important.
However, even if enacted, the strategy doesn’t address how the cost of living crisis would be ameliorated by a Labour Government. The back sliding on public ownership of key services and utilities is - even on public opinion terms - bafflingly stupid - and what is really lacking is a genuine plan to redistribute wealth from the 1%.
As Meadway make clear the programme that Starmer has set out would be a significant change to British economic policy since Thatcher and a more economically interventionist and corporatist state would be the result. This is important.
However, even if enacted, the strategy doesn’t address how the cost of living crisis would be ameliorated by a Labour Government. The back sliding on public ownership of key services and utilities is - even on public opinion terms - bafflingly stupid - and what is really lacking is a genuine plan to redistribute wealth from the 1%.
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