A crisis in credibility - Labour's economic programme
Added 2025-01-11 06:00:04 +0000 UTCWill Davies joins PTO to talk about his recent article in the London Review of Books on the UK government's economic agenda. We discussed the policies that Labour has adopted in its attempt to break out of the low growth and low productivity rates that have characterised the UK economy in recent years. We also chatted about the extent to which the Starmer-Reeves project emulates and diverges from the Biden administration's economic policies, and the left de-risking critique of so-called 'modern supply side economics'.
Comments
Worth noting that vaccines, at least in the US, were only "successful" because big pharma bore none of the expense and were able to capture 100% of the profits. This reinforces the point that capital has the capacity but is unwilling to invest in anything that doesn't benefit their bottom line in a significant, if not absolute, way. Certainly not any different from de-risking.
Cheryl
2025-01-11 17:48:45 +0000 UTC
