10 October 2008
The left is in danger of missing the boat
Your friendly old Exile spent most of yesterday cheerfully watching the Dow-Jones lose another few hundred points as it plummeted below the 9,000 mark for the first time in five years. Quite when it will stabilise is anyone's guess, but what is clear is that as Neil Clark pointed out, the days of what he calls turbo capitalism are now pretty much over.
Neil goes on to argue that "we need to turn the clock back to the collectivist days of 1945," but the problem is that you cannot have socialism without socialists, and the Labour Party has been pretty much taken over root and branch by the local government polyocracy. So the issue isn't that Nu-Labour is the creation of a nasty little junta that sits a-top a radical, working class membership. It is that the party is chock full of types who have done rather well out of the Blatcherite years, so before we can even start talking about renationalisation, the problem of those unproductive, parasitic cockroaches has to be addressed.
To a great extent that problem will be addressed when Nu-Labour has been destroyed at the polls, but it must be admitted that there is no serious group within either the party or the unions that is putting forward anything approaching the collectivist solutions that Neil Clark is arguing for. Until ordinary people start demanding solutions to the aching problems that have now plagued us for over a generation, then the only beneficiaries of the crisis will be the Tories.