J Ed
Follow Back Pro Expropriation
Does Theresa May represent a break with the neoliberal consensus? A recent flurry of articles suggests that many people think so.
If this is the end of neoliberalism, how does the left take advantage? | Abi Wilkinson
https://www.ft.com/content/51d51b44-911e-11e6-8df8-d3778b55a923
James Meadway of the New Economics Foundation thinks yes it is, and cites this article by Nick Timothy. He was an adviser to May when she was Home Secretary and has a similar role now that she is PM.
Nick Timothy: Port Talbot, globalisation – and the governing class that gains from mass immigration while poorer people lose out | Conservative Home
Lots to think about really. If there is a strong counter argument it is that the Cameron government essentially used marketing around things like 'compassionate Conservativism' and what Cameron called 'green crap' as cover for his actual policies. May could be doing the same thing here.
...but what if she isn't? What is this new politics? A lot of the rhetoric and policy proposals coming from May seem like a pro-NATO version of the policies presented by the Front National in France under Marine Le Pen.
If this is the end of neoliberalism, how does the left take advantage? | Abi Wilkinson
If you ignore the nasty, divisive rhetoric on immigration and the worrying attempt to position “human rights lawyers” as figures of hate, Theresa May’sconference speech was basically an admission that Ed Miliband had it right. Gone was the individualism and free-market fetishism that has defined her party for decades. In its place, a focus on collectivity and the necessity of activist economic policy.
The reception among conference attendees was fairly muted. Mutters of “socialism” were heard from the floor, and libertarian thinktank the Adam Smith Institute published a statement condemning the move towards government intervention.
In many ways it feels like the death of an old order. Post-financial crash, there’s little reason to believe in the efficacy of a laissez-faire approach to governance. It’s strange to think that a decade ago, Labour and the Conservatives were competing over who could most enthusiastically deregulate the financial sector. The mood of the country has changed dramatically. We were told that we should celebrate the rich getting richer because the wealth would trickle down and benefit us all.
https://www.ft.com/content/51d51b44-911e-11e6-8df8-d3778b55a923
Theresa May has buried Thatcherism. Under a Conservative government, the UK is now embracing the political ideas of fairness and government intervention. This might mark as big a shift in UK politics as those of the 1940s, towards socialism, and of the 1980s, away from it.
Remember that the Beveridge report, which laid the intellectual foundations of the postwar welfare state, was published in 1942, under the coalition government led by Winston Churchill. Similarly James Callaghan, then Labour prime minister, laid the ground for Thatcherism in 1976, when he stated: “We used to think that you could spend your way out of a recession, and increase employment by cutting taxes and boosting government spending. I tell you in all candour that option no longer exists.”
Now, in her speech to the Conservative party conference, Mrs May argues that “when one among us falters, our most basic human instinct is to put our own self-interest aside, to reach out our hand and help them over the line. That’s why the central tenet of my belief is that there is more to life than individualism and self-interest. We form families, communities, towns, cities, counties and nations. We have a responsibility to one another. And I firmly believe that government has a responsibility, too.”
This is evidently a direct riposte to Thatcher’s notable remark: “I think we’ve been through a period where too many people have been given to understand that if they have a problem, it’s the government’s job to cope with it … They’re casting their problem on society. And, you know, there is no such thing as society. There are individual men and women, and there are families.” Mrs May has gone much further in her rejection of Thatcher than her predecessor, David Cameron, who merely stated: “There is such a thing as society; it’s just not the same thing as the state.” Indeed, she has channelled Elizabeth Warren, the activist Democratic US senator, who asserted in 2011: “There is nobody in this country who got rich on his own — nobody.” Mrs May’s version of this view is: “Nobody, no individual tycoon and no single business, however rich, has succeeded on their own.”
James Meadway of the New Economics Foundation thinks yes it is, and cites this article by Nick Timothy. He was an adviser to May when she was Home Secretary and has a similar role now that she is PM.
Nick Timothy: Port Talbot, globalisation – and the governing class that gains from mass immigration while poorer people lose out | Conservative Home
It is a bad habit of mine to shout at politicians being interviewed on the radio in the mornings, but last Tuesday – the day Tata Steel was due to decide the future of the Port Talbot steel plant – I read a column that enraged me. In hisFinancial Times column, Janan Ganesh argued that the people who lose out from globalisation, those who are forced out of work or find their wages undercut, should simply be ignored by the Government. “Rich democracies may have to live with a caucus of permanently aggrieved voters amounting to a quarter or a third of the whole,” he argued. “A seething minority is still a minority.”
Writing off a third of our entire population might seem extreme, but it is typical of the political and media classes who know little of life beyond the Circle Line, the Underground route that marks the boundaries of London’s wealthy centre. These elitists propound a philosophy of international liberalism that benefits the wealthy but often undermines the prosperity of many of their fellow citizens. They can be found in each of the major political parties, the top ranks of the civil service and, of course, in the comment pages of the Financial Times. Their agenda is often unpopular with the public, who feel increasingly insecure and resent the loss of control over their lives. But they do not care very much about popular support for their policies: the thing that distinguishes Ganesh from his fellow elitists is his honesty that the working classes – for that is what he means – should be ignored.
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These facts are well known. Yet, against the wishes of the public, those who govern us continue to champion high immigration to Britain. A good example of their approach is an article in The Timeswritten by Lord O’Donnell, the former Cabinet Secretary, and Jonathan Portes, the former chief economist at the Cabinet Office, after they left government. Immigration does not “have much negative impact on jobs or wages” they argued, and it is good because it forces “natives to acquire new skills”. The alternative for the “natives” – being forced into lower-paid jobs or thrown prematurely onto the scrapheap – was clear enough, but left unsaid. Titled “Immigration is like trade: it makes us rich”, the article’s headline was true in a sense other than O’Donnell and Portes probably intended: immigration might make people like them richer, but it does so at the expense of people in working-class jobs.
Lots to think about really. If there is a strong counter argument it is that the Cameron government essentially used marketing around things like 'compassionate Conservativism' and what Cameron called 'green crap' as cover for his actual policies. May could be doing the same thing here.
...but what if she isn't? What is this new politics? A lot of the rhetoric and policy proposals coming from May seem like a pro-NATO version of the policies presented by the Front National in France under Marine Le Pen.