10 Years On

10 years on from the Great Crash, and Jeremy Corbyn and John McDonnell want to do something about its otherwise never-ending effects. 

But they can expect to be frustrated at every turn by their own MPs. Anti-Semitism? Russia? Those are barely, if at all, what things are really about.

Another hung Parliament is coming, however, and our people need to hold the balance of power in it. My crowdfunding page is here, or email davidaslindsay@hotmail.com for other options. That address accepts PayPal.

As the Member of Parliament for North West Durham, my Westminster office would be an international centre for Modern Monetary Theory. 

The right-wing question is perfectly necessary in itself: where is the money for left-wing projects expected to come from? Modern Monetary Theory answers that question. 

Through its Jobs Guarantee, Modern Monetary Theory provides a way of preserving the bargaining power of the trade unions, through full employment with the Living Wage, while progressing to the Universal Basic Income that is increasingly favoured across the political spectrum.

I warmly welcome the additional billion pound investment in jobs and services in Northern Ireland, and I would insist that Scotland, Wales, and each of the nine English regions receive the same per capita as part of the application of Modern Monetary Theory, including the Land Value Tax. 

I support the incorporation into the Belt and Road Initiative of all four parts of the United Kingdom, of all nine English regions, of all of the Crown Dependencies, and of all of the British Overseas Territories. 

In some way, all 99 lieutenancy areas, including County Durham, need to be so incorporated, and need to receive such additional investment.

I would demand the reassertion of democratic political control over the Bank of England, including that the approval of the House of Commons be required for changes to interest rates.

I would demand the assertion of democratic political control over the City of London, with a Glass-Steagall division between investment banking and retail banking.

I would close all tax havens under British jurisdiction, since they have the option of independence if they did not like it. The entire concept of non-domiciled tax status must be abolished.

And as a member of the House of Commons, I would campaign most actively for supporters of economic equality to be elected to the City of London Corporation, to the States of Jersey, to the States of Guernsey, to Tynwald, and to the legislatures of the British Overseas Territories.

Again, then, another hung Parliament is coming, and our people need to hold the balance of power in it. My crowdfunding page is here, or email davidaslindsay@hotmail.com for other options. That address accepts PayPal.