Showing posts with label National Investment Bank. Show all posts
Showing posts with label National Investment Bank. Show all posts

Monday, 4 December 2017

On planet reality the Tories are the radical economic extremists, not Jeremy Corbyn


Every single time you hear someone from the political right trying to make out that Jeremy Corbyn is some kind of hard-left economic extremist (as if the Tories are economic moderates in comparison), you've got to remember that they're trying to convince you that black is white.

In reality Labour's core economic policies under Jeremy Corbyn's leadership (public ownership of the rail industry, water companies, mail service, health service, police services & national grid + a National Investment Bank) are quite normal centre-left policies that are commonplace across the developed world.

Not only are these policies commonplace across the developed world, they're all incredibly popular with the public.

Renationalisation of our core infrastructure and services has overwhelming public support, and the only reason British people are a bit more divided over the excellent idea of a National Investment Bank is that Britain has never had a proper sovereign wealth fund like Norway, so a lot of people are unfamiliar with the idea.

There is a constant right-wing political narrative that Jeremy Corbyn is a terrifying hard-left economic extremist which rarely ever gets challenged by the mainstream media. But the really crazy thing is that while mainstream media hacks continually allow right-wingers to smear Jeremy Corbyn and Labour as economic extremists when they're not, they're simultaneously letting the Tories get away with implementing one crackpot economic policy from the hard-right fringe after another.

Only 3% of the British public agree with the proposition that police services should be privatised, yet that's exactly what the Tories have been up to. In 2012 they ignored expert opinion and public opinion alike and privatised the Police Forensic Science Service. Now that police privatisation policy has come back to haunt us all as one of the privatised forensic science companies has been caught manipulating the results of 10,000 samples from criminal cases. That's thousands of potential miscarriages of justice! Thousands of potential retrials (at the taxpayers' expense of course). Potentially thousands of innocent people fined, or even jailed for crimes they didn't commit. And most worrying of all, these manipulated samples could have allowed rapists, murderers and violent criminals to roam free as innocent people took the rap for their crimes.

Then there's schools. Only 6% of the public believe that schools should be privatised, yet that's exactly what the Tories have been doing since 2010. Over the last seven years they've transferred ownership of literally thousands of state schools to shady unaccountable private sector psuedo-charities that have then used bloated executive salaries in order to siphon millions out of our children's education budgets and into their own pockets. The mainstream media completely let them off the hook for implementing this fanatically right-wing policy. It's incredibly rare to see the mainstream journalists frame the situation as hard-right radicalism gone wrong whenever a privatised academy chain collapses into ruins, but that's exactly what it is because hardly anyone wanted our schools privatised in the first place.

Then there's the NHS. The public is split 84% to 10% in favour of running the NHS as a not-for-profit public service (which is Jeremy Corbyn's position), yet the Tories have been carving it up and giving away the pieces to their private sector mates ever since their disastrous 2012 Health and Social Care Act. The more they cut NHS funding and distribute services to their private sector mates, the worse NHS services are getting (just ask anyone who actually works in the NHS), but the mainstream media barely ever frame the worsening conditions in the NHS as yet another example of hard-right Tory radicalism gone wrong, because they're too busy trying to frame Jeremy Corbyn as the terrifying extremist for actually offering the public what the overwhelming majority of them say they want!

If Jeremy Corbyn was on about nationalising the airlines there would be legitimate grounds for claiming he's an economic extremist given that only 14% of the public support the idea, while 68% oppose it, but he's certainly not proposing that. And even if he was proposing a more radical left-wing policy like that, it's still not quite as extremist or unpopular as the Tory policies of privatising police services (87% against - 3% in favour), the NHS (84% against - 10% in favour) and schools (81% against - 6% in favour).

So the next time you hear a right-winger trying to deride Jeremy Corbyn as an economic extremist, you've got to realise that they're taking you for an idiot and trying to con you into believing that black is white.

And whenever you see someone from the mainstream media refusing to hold the right-winger to account over this kind of Orwellian deception, remember that they're making themselves absolutely complicit in the con.

 Another Angry Voice  is a "Pay As You Feel" website. You can have access to all of my work for free, or you can choose to make a small donation to help me keep writing. The choice is entirely yours.




OR

Note: All public opinion percentages used in this article and header image are sourced from this May 2017 opinion poll from YouGov

Thursday, 11 May 2017

Now that's what I call "taking back control"


Whoever leaked the Labour Party draft manifesto obviously did it in order to try and damage the Labour Party as much as possible, but the plan has backfired because a lot of the policies it contains are exactly what the public want to see.

Renationalisation

Stuff like the renationalisation of the railways and Royal Mail are favoured by an overwhelming majority of the British public [source - YouGov]

Additionally only a minority of people who would argue against the plan to break up the profiteering energy companies in order to bring the natural monopolies of the transmission and distribution grids back into public ownership and establish at least one publicly owned energy company for each region. If this kind of energy strategy is good enough for Germany, why do we in the UK deserve less?

These policies obviously make sense because any profits the nationalised companies make would be reinvested in the nation, rather than siphoned off into private pockets.

Zero Hours Contracts

The idea of following New Zealand's lead and banning exploitative Zero Hours Contracts is also a good one that is universally popular across the political spectrum. 71% of Labour Party supporters would like to see them banned, but Tories are also more likely to support a ban than oppose it (by 46% - 35%) [source for stats - YouGov]

If New Zealand can ban unscrupulous employers from exploiting their workforce, then why can't the UK?

National Investment Bank

The Labour idea of a national investment bank is really good stuff, but for some reason the public remain unconvinced, which is odd because we accepted successive governments pouring more and more cash into the RBS black hole, but we're sceptical about a plan to create a bank that actually invests in public infrastructure and works like a sovereign wealth fund.

Instead of squandering their North Sea oil wealth on tax breaks for the rich and unemployment benefits for the millions of people they laid off like the Tories did, the Norwegians invested their North Sea oil bonanza in a sovereign wealth fund which is now the richest sovereign wealth fund on earth (not bad for a country with about the same population as Scotland!).

The UK missed a trick for sure when the Tories squandered the North Sea oil bonanza, but it's never too late for a good idea. If the idea of a national investment fund/bank is good enough for Norway (and almost every other developed country on earth) why can't the UK have one too?

Clampdown on outsourcing companies

Labour are planning to clamp down on profiteering corporate outsourcing companies, and it's about time too. They want to make sure that any company receiving taxpayers cash for doing government work must pay their fair share of taxes and not hide out in tax havens (how this isn't the case already is extraordinary).

Labour also want to make sure that companies carrying out government work are subject to the Freedom of Information Act. This is a good move for a couple of reasons. Firstly the public should have a right to know how their money is being spent (whether it's being spent by government or by a private company), and secondly it would remove the unfair advantage that private companies have in being able to gather information on the publicly run services they're planning to take over, whilst keeping their own operations secret.

Other stuff

  • Putting a stop to creeping pension age rises
  • Bringing the UK corporation tax rate more back into line with the average for the developed world and scrapping to sweetheart tax deals between HMRC and multinational corporations like Google, Starbucks and Vodafone.
  • Review Tory cuts to the child welfare system and in-work benefits with a view to reversing them and immediately scrap the rape clause.
"Taking back control"

"Taking back control" was one of the most popular slogans of the Brexit movement, but if Theresa May and the Tories end up in an even more powerful position than they were in before, free to continue rigging society in favour of corporations and the super-rich, how have we taken back control?

Surely we'll have given even more control to the political establishment than they had before.

Jeremy Corbyn's plan is to "take back control" by taking back our public infrastructure from the corporate profiteers and running it for the national good, and to clamp down on other outrageous corporate practices like profiteering from natural monopolies, tax-dodging and worker exploitation.

So if we really want to "take back control" of our country from the out-of-touch Westminster establishment and the corporate interests they serve, then now is probably the only chance we'll get in generations to actually do it ...


 Another Angry Voice  is a "Pay As You Feel" website. You can have access to all of my work for free, or you can choose to make a small donation to help me keep writing. The choice is entirely yours.




OR