Why Sunak and Biden are not Keynes, Corbyn or McDonnell

25th March 2021 shoreditchadmin2 0

Austerity measures are integral to the current economic policies of the US and UK. They amount to an all-round attack on wages and the social wage while there is a temporary boost to demand. That is why it is extremely foolish and misleading to compare them to the policies of Corbyn, McDonnell or Keynes.

The invisible economic policy

21st February 2021 shoreditchadmin2 0

Keir Starmer’s speech on A New Chapter for Britain was heralded as a breakthrough moment where he would simultaneously set out his vision for the economy and society while beginning to outline a wholly different economic policy.
If that was its purpose, it failed miserably in every respect.

John McDonnell lays the basis to restore Labour’s economic credibility with the ‘Fiscal Credibility Rule’

14th March 2016 Socialist Action 0

The following article by Michael Burke, on the economic framework being set out by Labour’s Shadow Chancellor John McDonnell, was previously published by Socialist Economic Bulletin.

Labour lost the last general election because it had no economic credibility, as the overwhelming bulk of opinion polls show. John McDonnell’s new ‘Fiscal Credibility Rule’ decisively and correctly addresses that issue.

Labour’s economic alternative to the budget should centre on a National Investment Bank

15th February 2016 Socialist Action 0

The following article, by Michael Burke and John Ross, on Labour’s economic policy, was previously published by Socialist Economic Bulletin.


Introduction

Labour is now carrying out extremely effective campaigning against Tory policies – on tax credits, on the sweetheart Google taxation deal, in support of the junior doctors and pinning the responsibility for the crisis in the NHS squarely on the Tories. This excellent work needs to continue and be strengthened.