Labour is a neoliberal political party
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- Опубліковано 18 вер 2024
- Labour was built on the basis of a proud left-of-centre tradition that was based on support for working people and a belief in the power of the state to build well-being for everyone, and not just a few. But that’s gone. Just like the Tories, it is now dedicated to the cult of the individual and is opposed to the state and all it can do for us. The question is, what can we do about this?
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ABOUT RICHARD MURPHY
Richard Murphy is Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best known book is ‘The Joy of Tax’.
This video was edited by Thomas Murphy.
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Exactly right. It went neoliberal under Blair. And neoliberalism is THE problem.
Thatcher started all this off not Blair,he just carried on Tory corruption.
It went neoliberal under Reagan and Thatcher. Blair simply followed an already established course. I could go on, but suffice to say, he was an admirer of Thatcher, sigh. Britain has been a one party state for 45 years.
Neoliberalism began infesting the British economy and the rest of Europe in the 80s under Thatcher and Reagan. Blair just doubled down and was able to do under the cover of being a so-called socialist government. We all fell for it!!
@johnwright9372 thatcher wasn't so much ideologically neoliberal, she was rather deeply deferential to America. Thatcher financialised our economy for American private equity.
Blair did the same. His deference to America was how neoliberalism took over us.
Callaghan and Healy started austerity before Thatcher got in.
As Chomsky said, "they want a very lively debate within very narrow parameters".
I stopped voting Labour when New Labour took over. They were far too close to Old Tory for my liking. Nothing has happened since to change my mind.
Same. Left Labour when Blair took over.
Labour are Far Left. The current Tories are not quite as Far Left.
@@markhutton6055 Your Overton Window is broken...
So. Who do you vote for?
@@jgreen9361 I haven't voted recently. Voted Mebyon Kernow twice and to my eternal shame once for the LibDems.
I usually spoil my ballot paper
Before the 2017 GE, when Corbyn came within a whisker of forming a government, I saw a snippet of a Gordon Brown interview where he explicitly said Corbyn represented a break from neoliberalism, which was incredibly refreshing for someone like him.
Of course, this is a huge reason why Corbyn was demonised like he was.... he would've shown the neoliberals for what they were, and they'd have looked fools.
I used to be a Labour voter but since the second Blair election as a believer in socialism I could not vote for them until Corbyn became the leader. But since Blair's stooge Starmer became leader I have no political home. Being a socialist in the present Labour Party is an endangered species.
Yes, but ( western) Marxism or pre-Thatcher „EngSoc“ (sorry) is not the solution.
As a matter of fact, the western „elites“ have completely (!) destroyed economic socialism of any form and swapped it for these sexual, gender and racial doctrines.
That was very, very smart. They very well understand the psychology of the „eternal left“. Give them something to criticise the society they live in, lets „make society better“, yesterday the „labouring poor“ in Britain, in France, in … were exploited, but nowadays literally all humankind is oppressed by a tiny (in global perspective) white, male, straight and relatively successful (middle class) minority. Wait a second, so I am the oppressor? Haha. Yes, you are. The Trotskyite strand of the „revolution“, i. e. the US NeoCons. Does this make any sense at all? Yes it does, but it will hurt.
I'm sorry to hear that you feel you have no political Home. You should sit back and watch what this 'NEW' Government does over the next 2 - 3 years and then reassess that statement. There is no appetite for pure Socialism in the UK right now. So Labour has to be pragmatic, whenever they get their hands on Power. Which indeed frustrates Socialist leaning people like yourself and me. That's why the Tories have been able to win consecutive General Elections consistently. The Country needs Labour, Labour needs Socialists like yourself to remind them why they exist to do right by the workers, but this can only be done pragmatically because we can't afford another Tory Government in 5 years' time.
Strange this country seems to love voting against its own interests (Brexit) and wonders why it harms itself so much. The rest of the world looks at what we do in this country from afar and shakes their heads in consternation seeing us as basket cases.
Independent socialists and Greens are the best bet right now.
Like most Scots I lean to the left. I had always voted Labour until Blair and his pal, the Republican, George W decided to declare a second war on Iraq. I then switched to the more leftist SNP as no more that a protest vote. However, since then, I have seen no reason to switch back.
There is no longer a Labour Party.
Maybe, the SNP could become a national party of the left as opposed to a nationalist party.? My serious worry is the level of dissatisfaction at the next GE will be such that the far right parties will get more votes and even make the country even worse. How can we organise against this crowd of capital lovin - capital funded parties?
The SNP is exactly the same as Labour. Woke, anti-white working class, pro-mass immigration to drive up rent prices for boomer home owners and driving down wages. The idea that the SNP is more leftist than Labour or Plaid Cymru or the Lib Dems or the Greens or the New Tories is laughable. They're all equally leftist.
Snp for me
@@joany531No
People need to be aware that Tory, Labour and Lib Dems in Scotland hold hands together against the SNP. Their fear of independence is that strong. Why they fear it is beyond me.
As usual you are spot on Richard. The large donations that the party receives from these companies are not made philanthropically.
Even without funding, they all went to oxford and cambridge together. They're a tiny clique.
Private 'Health' (sic) corporations perhaps among the most worrying, at least in terms of the lot of people in the UK. A very, very grim state of affairs!
@@kwakkers68 private healthcare in the uk mainly uses nhs staff and facilities, but for profit.
@@HaydenCyclist Indeed, and all the more perverse for it!
We had the opportunity with Corbynism. We saw what the establishment thought about that! 😂😂
Brocialism
Bernie Sanders says since Reagan the share of the wealth generated has gone from the super wealthy taking 10% to them now taking 90% of the wealth. That leaves 99% of the population sharing just 10% of the wealth. It’s no wonder that people can’t afford to raise families and this is why they need immigration to compensate for the low birth rates. The super wealthy don’t need to take 90% of the wealth
But the people do need to be able to not only survive but to be able to raise the next generation. Or Britain or at least British people will no longer exist if they cannot afford to raise their own children.
Do the neoliberals care if the British people die out ?
I don’t think they care just as long as they can make a profit tbh.
Michael Parenti's commentary on Bernie exposes him - well worth listening to. Available on this platform. In short - Bernie is a despicable charlatan.
Not quite. But it is 73%.
Bernie Sanders a commie out to destroy socialist advances a complete fraud
@@stephfoxwell4620 And rising year on year apparently - as to where it is going - 'The Sovereign Individual' and 'Crack-Up Capitalism' point the way.
"The contradiction of modern Capitalism is that the free market relies on coercion for its mode of action."
The contradiction is that capitalism is not even itself. Especially free market fundamentalists, they are the most ardent anti-capitalists, destroying choice, property, competition and agency with each of their policies, the things a market is constructed of. They even assert that competitors competing in a market place are unneeded because magic pixie dust will topple monopolies. It’s psychotic thinking.
No, it doesnt.
That and state support, as 208 proved.
What does the free market rely on, if not coercion? @lowersaxon
It always has; that's what the enclosures acts were all about.
What free marketeers really mean is unregulated markets
And with socialism in the form of bailouts when it goes wrong.
Yep. We really need a snappy term for "regulated but uncaptured markets", ie the sort of market they want us to think free market means, rather than the one they deliver
But virtually no one argues for totally free markets. Its presented as the only alternative to socialism by the left, when that just isn't the case. A more market orientated, less taxed, less regulated economy doesn't mean a free for all. The do the same with the NHS, pretending that the only alternative is the American system, when in fact there are many alternatives to a State owned, centrally controlled, almost entirely tax funded, free at the point of use healthcare system.
The original meaning of Free Market was free from privilege. Which I agree we don't have, regulation is more often than not to the benefit of large multinational corporations, as complexity mean small companies cannot compete. There is revolving door between private and public corporations or government. We need to keep all corporation be they private or public as small and local as possible, to stop concentrations of political and economic power. EU is not free trade, it has significant trade barriers to anyone outside it.
@@williamdavison5641 Given that it costs c.$1 billion to bring a new drug to market, around the same for a new airliner and the fastest microprocessors can only be produced by a very small number of large companies, how do you envisage small companies providing these items?
It’s a case of meet the new boss, just like the old boss! Labour has been failing the working class since 1997 and has now completely forgotten it’s roots 😢
Well said. Neoliberalism with its greed has so damaged this country and society. I care for everyone... not myself. I'm a natural born caring and socialist. Under Neoliberalism 90+are forgot about. So sad really. My mum had 6 of us. She is a natural socialist. She treats us all the same. We have been brainwashed. Bring back caring and state ownership
Not brainwashed more like braindirtied.
Thank you Richard. One of your best videos. Straight to the heart of the problem. Keep making these videos please.
They shouldn't be calling themselves Labour. They work for their donors interests now. They should be calling themselves the Business Party. They should be sued for misrepresentation
Spot on, Richard. Thank you. I believe Labour's support for Sunak's freeports and SEZs is a reflection of what you have so eloquently described. The neoliberal ideology is a cancer at the heart of our politics, and it is only likely to get worse (and very much to the detriment of ordinary people in this country) as private donors, foreign donors and corporates continue to funnel money into politicians at the centre of policy and decision-making in Westminster in the expectation of profit from govt contracts.
Hi Richard, you hit the nail on the head today. Well said.
And did not even have to swing the hammer.
We have a duopoly the same as in America and anyone who challanges it will face the same barrage of onsluaght as the anti-austerity MP did in 2017 and 2019.
Galloway says labour and Tories are the two cheeks of the same backside. I have to agree.
The unions have sold us out. Labour is not for working class people
Not a big fan of Galloway, but her was right on that
@@timothyrussell4445Agree..but, that said, I also think Galloway and Farage are cheeks of the same toxic political backside .both neo-fascist (one right-wing populist , the other one pretending to be left-wing but really just an opportunist Islamic vote chaser)
At times even a grifter says some truth.
Even a stopped clock and all that.
Pink tories as I’ve always said 🤬
Don't be deceived. The LINO (Labour-In-Name-Only) flag is now deepest azure, just like the other Tory party.
Sky blue Tories, the red hues got washed out with Corbyn and his cohort.
Clear, concise and delivered in such a way that we can all understand. You are getting better and better at this Richard. I just wish you were more widely known and listened to
Only you and fellow economist, Danny Blanchflower, talking sense, Richard! 👍
All true. See George Monbiot’s new book “The Invisible Doctrine.”
Politics void of ideology simply isn’t politics. Neoliberalism is a pre cursor to fascism, which Mussolini defined as corporatism.
It certainly isn’t democracy it’s managed democracy.
"...managed democracy."
Leading rather quickly to managed oligarchy, then a cryptocracy fronted by an immovable oligarchy.
Labour people: look at the comments below and wake up.
The Unions need to stop supporting Labour, recognise they're trying to be the owners party and start a proper workers party.
Well I am young enough to only be able to remember living under neo-liberalism. I am convinced that the country loves neo-liberalism and votes for the party that gives them this. If I were to ask many people of Richard's generation I would expect them to bemoan the last proper labour Government. I remain hopeful that my children will experience a truly Socialist government.
“The Labour Party is a moral crusade…
…or it is nothing.” - Harold Wilson
Great video Richard! When the markets for years have been relied on wholeheartedly by our politicians to bring about success, prosperity and growth, and failed to do so, people need to learn that the state can and does have the tools and resources at its disposal to improve people’s lives where the markets have failed.
Markets fail to deliver affordable housing? The state does capital investment from borrowing to front a major house building program and have these houses be owned by the council, not landlords, and generate revenue for their coffers.
Market failed to improve water quality?
Nationalise the natural monopoly of the water companies so that money generated for the state goes into consistently maintaining and improving the systems “fixing the roof while the sun is shining” if you will.
Markets failing to build and invest in public transport?
Have the state do capital investment projects with borrowing to build better cycling infrastructure to tackle car dependency in urban areas, invest in good buses brought back into public ownership, same for trains.
Harold Wilson. The Oxford educated career politician who filled his government with the same type of people, for example his Chancellor was an Oxford educated anti communist who worked in the intelligence services. They're all the same type of people as are there today. Rodney could stand up today, trot out the same line and in 50 years time people would talk about him in the same way
@@JSmith19858 Wilson was miles better than Starmer is.
Starmer is fundamentally a neoliberal who’s happy to give Ukraine as much money as possible to fight their war but refuses to axe the two child benefit cap, is a serial liar who’s lied to his membership on promises he made to be elected leader, he stands for absolutely nothing.
At the very least in his first period as PM in the 60s Wilson refused to send troops to Vietnam, oversaw a period of low unemployment and economic prosperity, abolished capital punishment, partly decriminalised homosexuality, relaxed divorce laws and liberalised birth control and abortion law, did a decent job of maintaining the post war consensus after the Tories in the 50s started to chip away at it economically and whilst I’m not a monarchist, he was the only PM who the late Queen considered an actual friend.
Yes he studied PPE at Oxford, and yes his second term oversaw a period of rising unemployment, devaluing of the pound among other things, but compared to many of the PMs we’ve had since (Callaghan, Thatcher, Major, Blair, Brown, Cameron, May, Johnson, Truss, Sunak and now Starmer) I do have more respect for him than many of those.
Could you at least acknowledge that that quote is fundamentally true, that the Labour Party SHOULD BE a moral crusade, or it is nothing? That Wilson plainly acknowledged that puts him pretty ahead of Starmer for me.
@@JSmith19858 And by the way, you say anti-communist, do you mean anti-Soviet?
@@JackMellor498 UA-cam must have deleted your other comment. It's the establishment, anti communist would be anti trade union as they're the only thing that has ever brought change for working people
Trouble is, it is now a moral crusade for the rich, via its neoliberal ideology.
Labour should be done the Trade Description Act!
SO blindingly obvious! The UK is a one party state where the shop front faces are shuffled every few years. Democracy? What democracy?
Just a flicker of hope after hearing this and the few others like it.Usually it is despair amongst the main media morals.Grateful thanks❤
An excellent analysis, thank you
Excellent summary. Thank you Richard.
Youve so hit the nail on the head with wrt to the true purpose of austerity, driving us towards private sector 'solutions'.
Thank you for your educating video. ❤ I completely agree.
Agreed and yet the public, time after time, continue to vote this stuff in. They know what is happening with the health service, they have seen it with dentistry and yet they vote for more and more of it. They have been told that the NHS is being incrementally privatised and the signs are clearly there. They have seen it. Price will eventually become the filter within the NHS to determine who gets treated effectively. Many will eventually fall the wrong side of this barrier but will they then wake up? I somehow doubt it.
They do that thinking Labour is the alternative, then once in power they show they are not. Then the public get fed up with them and vote tory who say they will look after the ordinary folk. They use tax as weapon, and public spending. Also they use the power of the unions to prove that labour is not to be trusted, while the tories are in hock with mega corps. Both parties are two cheeks of the same back side. The end result is a one party state and fascism that rises to get rid of it, but implements a one party state.
And yet only one in five people voted for "Labour", it shows the state of our system
Fooled by the corporate media to vote against their own interests again and again. Who said people get the government they deserve?
Don't vote Labour-In-Name-Only (LINO) or Tory. We need to build a new party of the vast majority, just like our ancestors did a hundred or so years ago.
Labour is destructive at it's core.
Brilliant Richard and the reason why I've been following you and your website with your weekly bulletin or quite a time now and always found your economic analysis very topical and cutting fundamental education which is difficult to find anywhere esle - a bit like Keval Bharadia's' Revolutionary Reparations' Tobin Tax renaissance campaign to hit capitalist neoliberalism at its core and Gary Economics which shows how anyone can beat the neoliberist financial markets and make yourself a multi-millionaire.
I’ve got to admit, I thought labour was at least against privatisation.
Once again: you hit the nail on the head!
Good solid arguments
In short: Margaret Thatcher, who first brought the iniquitous neo-liberal philosophy to Britain, if she was still alive would look at Starmer and say, "This is my beloved son, in whom I am well pleased." Just like she did with Tony Blair when she was alive.
Absolutely. She said that New Labour was her greatest achievement.
British manufacturing is still suffering from the affects of thatcher the milk snatcher and her over eagerness to empty her bowels on the working-class. so called iron lady is dead turning to rust.
So many people have heard of Operation Overlord, Operation Barbarossa, Operation Market Garden, and all the rest of them...
But so few have heard of Operation Corporate!
How perverse!
The Argentine Gov of the day wanted war - as a means of distracting its
population from the ravages of Chicago School economic policy - whilst
Thatcher and co. wanted the same distraction - to get the same economic
policies in 'by the back door', whilst the plebs waved their flags!
Then as now, butchery and death matters not a jot to such repugnant
personalities, if it serves a function.
What stark illustration this is, in the moral worth of personalities in
London, in Washington DC. Paris, Berlin no better.
What great service corporate Media provides!
Professor, we get rid of the Uniparty by voting them out.
Great work and absolutely correct.
You are saying what I have wanted to say since 1984 but more clearly . Must put this upload into my bookmarks so I can keep refreshing my arguments.
In describing Labour it seems you are describing the Conservatives.
There is no practical difference.
Let's see what the autumn budget holds and the outcome of the railway, water and nhs reforms are before lumping the current administration in with the last shower, shall we. Notice the distinct lack of coherent alternative strategies from our Richard..we pull a the threads too hard and the institutions will push back. Softly Softly me thinks.
@@garygreen9027😂😂😂😂😂
@@garygreen9027 Prepare to be as disappointed as an orphan at Christmas.
"Two cheeks of the same arse", as George Galloway so aptly put it. Well, he said, "backside", but you get my drift.
Starmer is the leader of Tory Lite
Completely agree
Don't sit passively by. Write to your MP and tell them what you want them to do.
I completely agree.. but how do we stop this.
Thank you this was so helpful
I’m beginning to see the light !!
A lifelong Labour voter and member, I tore up my membership card after Starmer reneged on all his pledges and expelled Corbyn😢 btw George Monbiot has written an excellent intro to Neoliberalism.."The Invisible Doctrine"
Too late. You're now in a communist state. Hopefully, I haven't got much longer on this shithole planet. Enjoy your Soylent Green.
And thank you for your post so clear
Regulation keeps the b*****s honest.
It doesn't though. That's the problem.
@@tmurphy8549 put the inspectors back with full powers.
If only we had a political party that you and fellow thinking people with knowledge and a real left thinking involved - it would give us left thinking folk a real party that represents our beliefs and place to hang our hat and vote accordingly. I feel politically lost!!
Try reading the Green manifesto. The planet friendly stuff is important, but we are all pragmatic socialists in our beliefs and actions. Pretty much all of the old labour principles are there with a sensible environmental filter. It’s why I left labour and went green. My old labour mates are starting to do the same. Strangely, a guy I was at school named Simon Fletcher, who you sometimes see being interviewed during elections, was a Tory. He became a labour member at university and is now a front line advisor. Originally, I foolishly thought that he’d found socialism. How wrong I was. He really found his place under the Blair party. Before she died, Margaret Thatcher said that Blair’s ‘New Labour’ was one of her greatest achievements.
Look at how the SNP have been providing for the elderly and young, making things better in Scotland..
That is why the SNP has been under attack from the English Government, MI5, and Police in the last few years..
Roll on Scottish Independence..
Britain had a chance under Foot, Miliband and Corbyn, and look how the media demonised them so they couldn't win an election.
@@rakondite Thatcher was asked what she thought was her greatest achievement. She said Tony Blair and New Labour. God help Britain.
@@billbhein2949Roll on the independence of all of Britain from corporate parasites.
Starmers incompetence already is opening the door for a Tory restoration.
Same thing happened in Australia.
Yes, Richard, but we do, now, have a plan and process.
I watched your video on the 20 billion black hole . Being a pensioner loosing the winter fuel allowance I thought I’d check how much tax is used for civil servants pensions. It turns out we pay 2.3 TRILLION to give them a pension. This was 2020/21. This is 100% GDP. This will only go up. So normal pensioners shafted lazy corrupt types golden pensions inflation proof. Great to know my taxes are helping the poor old civil servants and incomers live a better life
Oh dear. I think you've fallen for the right wing tabloid 'Gold Plated Pension' nonsense. The average Civil Service pension sits at little more than 9k after a lifetime of work. Very few Civil Servants stay in the job for that long - the average time spent in post is about 8 years, which will obviously entitle you to a much smaller pension.
Since there would need to be 10 million ex-civil servants, all with 40 years in post pulling an average pension each year to reach your figure, I would suggest that is is incorrect, since the total figure for state pension recipients - from all backgrounds - is around 12.5 million. I think you will see that there's a flaw in the maths there somewhere.
@@PortilloMoment freedom of info
All true. See George Monbiot’s new book “The Invisible Doctrine.”
Politics void of ideology simply isn’t politics.
Very well said. Sadly, this once mocked ideology was and still is promoted by Corporations and the wealthy as it works well for them. And it has spread like a cancer to Canada, the US, Australia, and New Zealand with detrimental consequences. But how do you rid yourself of this abhorrent disease and experiment we have had to endure for almost 50 years? What will it take to consign it to the dustbin of history and poor choices/results for humanity?
It won't happen until it is forced to happen either by design or (more likely in my opinion) by circumstances. There are too many vested interests at stake and politicians are among that group.
Scholz said ''elections cannot be allowed to change Economic policy'.
This sentiment might not have been expressed to blatantly in London, but
it could scarcely be more clear - we are not being offered any choice!
Third sector + public sector are not economically coordinated for the mop-up job.
At (hopefully!) peak Neo-liberalism it is very hard to find any sector which is fit for purpose; and of course, the Public has been re-jigged to provide profit of the Service Sector - at grotesque cost to public good
@@kwakkers68 yes, not ideologically coherent for the task either.
This is a brilliant explanation.
Well done Richard, this is the crux of the matter.
It's a very long time in the wilderness if labour hadn't become more centralist ...
I learned many years ago that your perspective on anything depends on where you sit yourself.
that's why we discuss things
Correct.
Well although I broadly agree with this assessment, an elephant in the room is being missed. Before we discuss Left or Right, Labour or Tory, State control or Neoliberalism or anything else that pertains to opinions on politics or economics, we should recognise that as a priority we first of all need a degree of competence and honesty in our government institutions and corporations, both of which are clearly lacking. We have got into the habit of not only accepting poor performance, but actively promoting and rewarding it. This applies not only to the state but to the private sector too, but one of the reasons that the idea of neoliberalism appeals is because in the UK, the national and local governments have been so poor at what they are supposed to do.
@@richardhale9664 - then we are completely screwed
Yes I agree, a certain level of competence should be needed for anyone in a position of power no matter the level. I think to a certain extent the Civil Service and local government officers did provide a buffer from absolute stupidity but this it seems like much else has been eroded over the years. I see zero positive future for the normal working person in the UK at least until things make a dramatic change, which will be never.
"we first of all need a degree of competence and honesty in our government institutions and corporations" This argument is being used to justify Starmer and his tory policies: the problem is "competence" or "honesty" not the policies. The argument is that you should vote for Starmer like good children because he is competent and honest. He clearly isn't but it was a relatively effective argument that offered a plausible reason to vote Labour. The problem is that Britain declined not because of incompetence and dishonesty of the Tories: that was incidental-it collapsed because the polices were wrong.
The UK has had poor management in most of industry & companies since WW2.
With the contract (£232 million) going to KPMG to train Civil Servants et al when they themselves have been fined for outrageous behaviour is risible. The likes of Serco, Sedexo, Capita, G4S, Balfour Beaty get reward for failure time an again because government has destroyed the ability for dept. & councils to run services.
@@scottyfive4319 We can be the change ourselves by founding a new political party to represent the vast majority.
"How do we get rid of the single party that we effectively have?" - many Europeans feel the same; hence the swing to the right in this years elections - something Tony Benn anticipated due to the neoliberal trajectory of the European Union.
Labour wants their partners and friends in business to give them money. It’s as simple as that . . .
Labour has been neo-liberal since Tony Blair was the leader. Possibly under Kinnock as well.
Corbyn took the LP away from neo-liberalism for a while but that was an anomaly.
While Corbyn never really broke the neoliberal stranglehold on Labour her came close and winning either GE would have given us a very different government. It's worth acknowledging that and also that Corbyn was the last chance for Labour being good.
It's never been more clear that our UK government doesn't have the interests of its ordinary people at heart, but only their own self interests.
..And, of course, the interests of their corporate paymasters. Never mind the poor fcuks who voted them into office.
Labour has gone bourgeois, just look how ostentatiously some of the lady MPs dress. Too many members aspire to live the London life, never to return to their provincial roots. They simply use the electorate as a stepping stone to get them there.
The old socialist MPs went back to the provincial communities in which they had grown up. They were organised individuals, moderate in their lifestyles, men and women whose outlook had been shaped in the discipline of Britain's once great manufacturing industry in which they worked.
No-one knew that better than Thatcher. She didn't want any comrades poking around in her back garden, that's why she thrust the dagger into so much of that proud heritage. Today, too much of Britain is under the complete control of American shareholders.
Things can only get worse.
What you're describing is what's called "Champagne Socialists".
It's all a scam. Both left and right get rich by stepping on the average person. One side uses them as a sheild from below, the other wants to destroy that shield from above in order to get rid of what's below.
Eventually they both sit at the same table clink glasses and the rest of us can't tell one from the other.
Thank you, Richard, for explaining the situation where another government prioritizes helping Ukraine and Israel over the people of Britain and Palestine.
I would never vote for the fascist socialist party [Labour]. Actually I think democracy only breeds tyranny in this dictatorship state.
As I've said before - the answer to "What can we do about this?" is that we need to educate the masses so that they will vote for a government that isn't economically ignorant. How do we do this? First, we need to educate the people who deliver economic news to the country - who have generally also gone along the Neoliberal economic education channels. We need to pressure economic journalists to seriously look at more progressive economic theories. We need to get them to add progressive economic theory to their news reports - only then will the average person start paying attention to the idea that there is another way of doing economics AND government.
@@PhilDocking I agree but for that you require the establishment the government to invest in the education which would educate our politically ignorant electorate to a level where that our government is completely incompetent. I would love this to happen but I doubt they will invest in it.
@@cdansmith9753 This is why we need to target an education campaign towards the economic journalists, not educate at school/university level - that would have to come later. If people such as @RichardJMurphy, Danny Blanchflower, (plus other influential progressive economists) put together "press packs" for economic journalists, and target specific journalists, they might just take some notice.
@@PhilDocking Spot on it is the Media that drive how people think. An example of this is easy even in our recent past. In 2010 the number of people with issues with the EU under 10% but by 2016 it was 33% and all driven by the Media spreading outright lies and inuendo, even the BBC was so ignorant in the way it covered the subject it fuelled the BS.
Knowledge is power. They have commodified it.
Look at the sayings of Aneurin Bevan.
The stick in the muds would say how they remember waiting weeks for a telephone in the Post Office days - and of course there's the famous gas cooker sketch from Monty Python, highlighting the bureaucracy that sometimes prevailed, but I remember having our fuse box upgraded for a safer system, for free, under the Electricity Board and let's not get started on the price of a rail ticket! But there you go.
These days my Sundays start with Mr Murphy's early morning video. I look forward to seeing them but I also look forward to the day when he can tell us that something positive has happened. Sadly that is not going to be today but I feel confident that it is coming somewhere down the line.
@@pip3124 good luck with that long long wait
Don't shoot the messenger.
I find it hard to share your confidence.
I call the ordinary people the backbone of this country they need to be looked after by this Government
Fat chance with Kid Starver and Granny Freezer SIR Keir Starmer as leader and PM.
Thanks for explaining in a very easy way.
In foreign affairs at least, Labour has never been for the common people. It has always supported the Tories' imperialist wars right from its creation shortly before World War One. Today, it is just as enthusiastic to sending long-range missiles to Ukraine as are the Conservatives. The merits of this are never discussed publicly in our near-bankrupt democratic society.
The same developments almost everywhere! Unfortunately.
Beautifully expressed
Thank you so much for putting so succinctly everything that's happened in the past 25 years of British politics.
It explains brexit and the movement of the Overton window to the right and privatisation and austerity all in one go.
As you say it still leaves the question "how do we get out of this?"
I left the UK to work in Europe and sold my home. I made a terrible mistake because it was 1997 and within two years house prices rocketed sky high due to Tony Blair. As someone back then said to me proudly, as he had gained enormously under New Labour ( he was Conservative voter ) that I couldn't afford a broom cupboard to buy. The place; Brighton.
SAME as L A B O R in Australia - 2 sides of the same coin now.
Labour and Blair were only able to win the 1997 election by distancing themselves from the more radical and seemingly outdated labour party and moved towards the centre to secure the vote of the people. I am very critical of neoliberalism and would like to see a return to a more social democratic state but that idea seems so far from reach. Corbyn represented traditional labour and he got the worst vote since 1935. So what you do when the people themselves don't want to get rid of neoliberalism?
Spot on......
I remember this being talked about by people whom i knew in my local labour party at the time . I didn't vote Labour and subsequently dropped my membership.
One angle I'd really like some additional analysis on is the inflationary consequences. You're right, public services are buggered and they need fixing, but we're barely out of an inflationary episode this country has not seen since at least 1990 and now that it looks like rates might be coming back down, it would be ideal not to destabilise this. How much of a fiscal expansion is needed to get us back to a trajectory of functioning public services and what might happen to rates with this cash injection?
So Starmer believes in trickle-down economics. Does he also believe in the Tooth Fairy, Santa Claus and the Loch Ness Monster?
As of 2024, Mohamed Salah net worth is around $90 million.
He earns approximately a million a week.
The EU is also a neoliberal institution…
Yup!
So Labour aren't so different from the previous government. As expected.
they have been tellng you for a long time we are new labour and labour have changed
and what they have changed into is another Tory party
Corruption is at the core of British politics. Indeed, most major political parties in the West have been (to a greater or lesser extent) bought by corporations and oligarchs. Governments work in their interests, hence deregulation, austerity, corporate welfare... basically, neoliberalism.
The spirit level at 15
It isn't anything new. Ramsey MacDonald was similar to Starmer. He left to set up the National Party because he wanted to be in the centre and didn't like trade unions. Callaghan abandoned a lot of the core Labour principles which upset the unions causing the Winter of Discontent. It is nothing new. Trade Unions brought all of the changes for working people, not the Labour Party
Also as a riff on Arthur C Clark, “any sufficiently large corporation or concentration of wealth is indistinguishable from totalitarian rule by wealth”.