Towards a New Politics of Production
The coalition government is nearly halfway through its term and little way towards finding a strategy for growth. For the British Labour party, several key priorities for growth are taking shape, but sharper definition is now required The Left has to identify a new politics of production and growth. The recent UK growth statistics underline the catastrophic damage and continuing aftershocks inflicted by the financial meltdown in 2008-9, exacerbated by the never-ending crisis in the eurozone. Despite it’s disastrous track-record of macro-economic management, epitomised by the Lawson boom in the late 1980s and George Osbourne’s ill-timed retrenchment since 2010, the Conservatives have consistently positioned themselves as the party of fiscal discipline and economic competence, as well as the party of …