Is there any remaining purpose to the Labour Party? If so, then it will propose the following amendments to the forthcoming banking legislation:
- That investment banking and retail banking be split completely;
- That the independent directors to predominate on the boards of retail banks be elected by and from among the account-holders; and
- That the profits from the public stakes in HBOS and RBS (permanent, non-negotiable safeguards of the Union, as public ownership always is) be divided equally among all the households in the United Kingdom.
That Keynesian, pro-Commonwealth, anti-neoconservative Eurosceptic, Sir Peter Tapsell, may be old, but he is increasingly typical. Like the most welcome resurgence of the atavistic Labour dislike of the EU, we are witnessing the most welcome resurgence the atavistic Tory dislike of international capital, corporate megalomania, American hegemony, Israeli interference, and wars.
Is the Labour Party capable of taking advantage of these trends, both in Parliament and beyond? I say again, is there any remaining purpose to the Labour Party?
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Speaking of which, isn't your politics book due out soon?
ReplyDeleteYes, I should have the PDF in the next couple of weeks, with any luck. All out of my hands now. Watch this space.
ReplyDeleteIt may be out of your hands now, but soon it will be next to my bottom!
ReplyDeleteWho has not been? Apart from me, of course.
ReplyDeleteYou can't be a Keynesian and oppose out of control financial capital, or indeed consumerism and the cheapening of publuc morals ... unless you are a fool, but I fear I may havge answered my quandary
ReplyDeleteYou certainly havge.
ReplyDelete