It’s the economy, stupid

One thing is certain: Corbynism is about the economy. Deciding in whose interests the country should be run, must be the Labour Party’s top priority.

The decision by nearly half the shadow cabinet to vote to bomb Syria was not a blow to the unity of the Labour Party. It was simply another reminder that it has a dysfunctional Parliamentary Party.

But a dysfunctional Parliamentary Party should present no barrier to Jeremy Corbyn and his team presenting the membership with a programme which they can endorse, one which will become the manifesto for the 202O General Election.

That the team will include members of the bluster and bomb gang is inevitable; that is their problem. The diplomatic and military absurdity of Cameron’s strategy is already becoming apparent.

Those who agreed to serve in the shadow cabinet did so knowing that the party’s members were expecting a drastic change in policy. Nothing has happened to make this task less significant.

Corbyn has gathered around him an impressive team of leading economists. Their advice will insure the feasibility of his commitment to expand our economy by public funded investment, in projects such as housing and infrastructure.

Political policy should never be confined only to those who hold elected office. In the Conservative Party, policy is determined by what suits big business. In the Labour party members should have the dominant role.

The Radical Read Project has proposed guidelines upon which a democratic socialist programme could be based. This was issued two years before the name Jeremy Corbyn became a household word. Now that he is, there is every prospect of its proposal is used to form the basis of a dynamic manifesto.

“Economic and social problems can never be overcome until the growing gap between the rich and the poor is halted and then reversed.

“A mixed is economy is the accepted system, but the balance has become dangerously distorted. The intrusion into activities that rightly belong to the public sector by aggressive profit hungry organisations has proved disastrous. This is only too evident in the provision of natural resources, transport and in the fields of education and health.

“The role of the private sector is to create new and tangible wealth. There is no place for those whose personal prosperity is founded on financial manipulation. Within the private sector there is an important role for cooperative and mutually owned organisations and their progress must be encouraged.

“All wealth is created by human labour; yet those who work are having less and less control over their terms and conditions of employment. While legislation has a role in protecting employees’ interests, the most effective way is by an orderly system of free collective bargaining.

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It’s the economy stupid was the slogan used in Bill Clinton’s successful campaign to beat the sitting President. George H. W. Bush retained popular support except for his fiscal policy.

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