Wednesday, 19 August 2015

Why Jeremy Corbyn will deliver the exact opposite of what he wishes


'Were things other than they are': ought to be the motto of Jeremy Corbyn. To read his proposals one would think that all the events of the last 40 years had not occurred and if they are recognised they can be wished away. Dangerous, naive nonsense!
First let us dispose of the 'motherhood and apple pie':-“...a fairer, kinder Britain...”; “...decent jobs...”; “Fair taxes for all...” etc. etc.. Nobody is against this sort of stuff!
Growth not austerity”, Jeremy Corbyn has to show that this proposal will retain the confidence of the money markets. He has failed to do so. Markets are less rational than he would believe (strangely common ground with neo-liberals in believing that they are). Academics can produce all the statistics they like about rational behaviour in markets but it is not the whole story. Consider this: a huge house building programme, nationalisation of transport and energy; not replacing Trident, lifelong education. Don't get me wrong these are all proper policies but they are (in our present circumstances) undeliverable for this UK electorate. Moreover the circumstances are not going to change substantially. The globalisation train left the station years ago. World financial markets are very integrated. In that context then how is Jeremy Corbyn going to finance his projects – short answer he cannot – its pie in the sky!
But progress can be made if rolling back neo-liberal excess is what is required and that certainly is the case. Starting at the right place is important – let's take energy and transport. These utilities which are now at best oligopolies require licences to operate, the government has control over that process. Licence conditions as to price increases, customer service, Company Accounts transparency and profit levels are possible as well as extending FOI provisions to them. That these companies would squeal is to be expected – all I would say is that in the short consultation period all representations would have to be made public at the end of the consultation period. This is how to tackle the clear abuse of market position that has occurred with the 'botched' Tory privatisations which assumed that natural monopolies and/or oligopolies would behave differently from the more rapacious examples in the private sector. That sort of naive thinking is of the same ilk as Jeremy Corbyn.
So apart from the unlikely event of Jeremy Corbyn becoming Prime Minister just proposing such policies ensures that Labour cannot win allowing the Conservative Party even more leeway to attack ordinary people. So I would urge all those who have a vote not to use it for Jeremy Corbyn. The road to hell and all that – with the addition of McCluskyite, Moronic, Marxists.

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