Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Corbyn’

Labour may be about to embrace the Anglosphere’s first post‑populist

Posted by hkarner - 2. März 2020

Date: 01‑03‑2020

Source: The Economist: Bagehot

Subject: Keir Starmer, a serious Labour man

Jeremy corbyn’s election as leader of the Labour Party in 2015 was an early warning that the populist virus was spreading to the Anglo‑Saxon world. The next few years saw Donald Trump win the White House, Britain vote to leave the eu, and, after three years of gridlock, Boris Johnson take over the Conservative Party on a promise of getting Brexit done “do or die”. Could Mr Corbyn’s retirement from the leadership on April 4th bring about another big change in politics?

The populist fires are burning brighter than ever in the United States, where Democratic activists love Bernie Sanders for the same reasons that Corbynistas loved Mr Corbyn, and with the same disregard for their hero’s electability. But the fires seem to be dying down in Britain. The latest YouGov/Sky poll of Labour Party members shows Sir Keir Starmer, a former barrister and director of public prosecutions, beating Rebecca Long‑Bailey, a left‑winger who is his principal rival for the leadership, by 53% to 31% of first‑preference votes.

Sir Keir is the polar opposite of the charismatic populists who bestride much of the world. People who know him agree on two basic facts. The first is that he is a thoroughly decent human being—a family man with none of the hauteur that can afflict prominent politicians. The second is that he’s very serious. The most common words used to describe him are competent, credible, diligent, cautious and even boring. Den Rest des Beitrags lesen »

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Jeremy Corbyn’s political agenda is more radical than his economic one

Posted by hkarner - 30. November 2019

Date: 28‑11‑2019

Source: The Economist

Labour plans to redistribute power as well as income. That is more dangerous than it sounds

This is an age of political surprises. Donald Trump won the presidential election of 2016 after being treated as a no‑hoper. The Brexiteers won their referendum despite being dismissed as cranks. Jeremy Corbyn is now widely seen as a lost cause, particularly after a week in which the chief rabbi accused him of anti‑Semitism and a large poll suggested the Tories could win a majority of 68. But history could easily have another surprise up its sleeve.

What happens if Mr Corbyn defies expectations and enters Downing Street next month? Most people have focused on the economic consequences. Labour boasts that it will “rewrite the rules of the economy” and jack up public spending. But just as significant will be the political consequences. The party plans nothing less than what Tony Benn, Mr Corbyn’s mentor, called an “irreversible shift in the balance of power in favour of the working people”. The political revolution is in many ways more central to the Corbyn project than the economic one. Economics is only the means to remaking Britain’s political soul. Den Rest des Beitrags lesen »

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A Labour government would radically transform Britain

Posted by hkarner - 1. November 2019

Date: 31-10-2019
Source: The Economist

How Jeremy Corbyn’s party is trying to woo British voters

SHORTLY BEFORE the financial crisis of 2008, a little-known Labour MP published a 64-page pamphlet. In “Another World is Possible: A Manifesto for 21st Century Socialism”, John McDonnell laid out an economic vision which clashed with the slick, pro-business mantra of Tony Blair’s New Labour. It praised participatory democracy in Venezuela and hailed co-ops in the Basque country, while calling for the sweeping nationalisation of industry.

The booklet was an attempt by Mr McDonnell, then on the backbenches, to scupper the coronation of Gordon Brown as leader of the Labour Party and prime minister in 2007. Mr McDonnell attracted the support of just 29 MPs. A little over a decade later, Mr Brown is long gone from politics. New Labour is history. Mr McDonnell is shadow chancellor and Jeremy Corbyn, his friend and socialist ally, is leader. Labour will campaign in Britain’s general election, to be held on December 12th, on the most left-wing platform in a generation. Den Rest des Beitrags lesen »

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Boris Johnson’s Brexit Election

Posted by hkarner - 31. Oktober 2019

Date: 30-10-2019

Source: The Wall Street Journal By The Editorial Board

Corbyn could win if the Tories fail to offer a vision of Greater Britain.

Boris Johnson on Tuesday finally cajoled Britain’s reluctant Parliament to call a December general election to try to settle Brexit. It’s a brave and desperate gamble—and one that will work only if he runs a campaign persuading voters to embrace a Brexit vision bigger than the divorce deal he needs a new Parliament to pass.

Britain’s recent Brexit miseries have arisen from the hung Parliament elected after Theresa May’s disastrous 2017 bid for a larger majority. Mrs.

May’s big-government-conservative campaign left voters confused about what improvements either Brexit or a Conservative government could bring.

She barely held on in tenuous alliance with a Northern Ireland unionist party that caused her to adopt impractical red lines on trade policy in Brexit talks with the European Union, and her Brexit deal failed in Parliament. Den Rest des Beitrags lesen »

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Labour contemplates life after Jeremy Corbyn

Posted by hkarner - 28. September 2019

Date: 26-09-2019
Source: The Economist: Bagehot

The party conference was overshadowed by the question of succession

The supreme court’s thunderclap of a ruling against the government on September 24th was a godsend for Jeremy Corbyn. It not only gave him an excuse to bring his Labour Party conference to a premature end by giving his speech a day early. It also allowed the party to dispense with a speech by Tom Watson, the deputy leader, that might have resulted in mass walkouts. There is nevertheless no doubt that this year’s conference, held in a rainy Brighton, was a miserable affair. An event that is designed to showcase the leader’s preparedness for power was overshadowed by the question of whether he should be preparing for retirement.

The first sign of trouble was a failed attempt to remove Mr Watson from his job by Jon Lansman, the head of Mr Corbyn’s praetorian guard, Momentum. It is no secret that the left covets Mr Watson’s head. But Mr Lansman’s timing was odd given that his plot was guaranteed to ignite an internal war and send the media into a blood-frenzy. The only explanation is panic about the succession. Under current rules the deputy leader takes over temporarily if the leader resigns and therefore plays a role in choosing the next one.

The second sign of trouble was a leaked memo by Andrew Fisher, a member of Mr Corbyn’s inner circle and an author of Labour’s 2017 manifesto. Mr Fisher lambasted Mr Corbyn’s office for its “blizzard of lies” and “lack of competence, professionalism and human decency”. The last two words were particularly cutting. He also warned that the party would not be able to win the next election with the current leadership.

The succession crisis is being driven by two numbers: 70 and 25. At 70, Mr Corbyn is on the old side for somebody who aspires to the most demanding job in British politics. And at 25, Labour’s average poll rating is much too low for a party that aspires to power. Labour should be well ahead of a government that blunders from crisis to crisis. Instead it is behind in every poll, sometimes by some distance. In this year’s European election Labour finished third, behind the Liberal Democrats. In two subsequent by-elections it has suffered double-digit declines in its vote share. Labour mps from the Midlands and the north report that voters constantly tell them they will not back Labour so long as it is led by Mr Corbyn. Den Rest des Beitrags lesen »

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The Guardian view on preventing no deal: do whatever it takes

Posted by hkarner - 21. August 2019

Date: 20-08-2019
Source: The Guardian Editorial

Cabinet Office documents have laid bare the destructive impact of leaving the EU without a withdrawal agreement

Divisions remain frustratingly strong … Jeremy Corbyn (pictured) plays a part in many of these divides, but he also has to be part of any solution.’

Boris Johnson has been prime minister less than four weeks. In the absence of parliament, he has made a spirited attempt to pretend that British exit from the European Union would be straightforward. Brexit will definitely take place on 31 October, he has insisted. It will either involve the EU abandoning the Irish backstop or there will be no deal. The difference scarcely matters to Mr Johnson, who insists Brexit will be a trouble-free exercise in whatever form it comes, whose dangers have been exaggerated and whose rewards underestimated.

Every bit of this was false when Mr Johnson first concocted it. It is even more threadbare now – and getting more dangerous by the day. However, we may now be witnessing the first faint wisps of recognition from within the government that things are not going to work out as they pretend.

Cabinet Office documents on the likely aftershocks of a no-deal Brexit were leaked at the weekend. They covered every aspect of public policy. They are devastating. All of the impacts are bad; some are likely to be enduringly so. But the Johnson government’s response to the leak was telling. Ministers focused on issues of process, not on the documents’ substance. Den Rest des Beitrags lesen »

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Brexit: Ökonomin zu Großbritannien: „Wir haben unsere Industrie zerstört“

Posted by hkarner - 4. August 2019

Ann Pettifor, Beraterin von Labour-Chef Jeremy Corbyn, warnt vor Folgen eines harten Brexits. Ihre umstrittene Lösung: ein Green New Deal

Leopold Stefan

Das typisch britische Understatement ist meist schwerlich ins Deutsche zu übersetzen: „Pretty catastrophic“, schätzt Ann Pettifor die wirtschaftlichen Folgen eines harten Brexits ein. Die Volkswirtin sitzt im Beraterteam des Oppositionsführers und Labour-Chefs Jeremy Corbyn. Im STANDARD-Gespräch erzählt sie, was sie den Politikern auf beiden Seiten des Kanals raten würde, um die Wirtschaft in diesen turbulenten Zeiten nachhaltig auf die Beine zu stellen.

Jüngste Meldungen scheinen die Warnungen der britisch-südafrikanischen Volkswirtin zu bestätigen, die bereits mit ihrer Vorhersage der Finanzkrise 2008 Aufmerksamkeit erregt hatte: Das Pfund rasselte am Donnerstag auf ein Mehrjahrestief hinab, nachdem die US-Notenbank ihren Leitzins gesenkt hatte. Ausländische Investoren halten sich angesichts des Brexit-Trubels zurück.

Im Vorfeld des Brexit-Referendums haben EU-Befürworter den Teufel an die Wand gemalt und so ihr Vertrauen verspielt, sagt Ann Pettifor. Jetzt hört keiner mehr auf Warnrufe.
Foto: Reuters

Eine Zwickmühle: Die Briten haben ein „massives Handelsdefizit“, betont die Ökonomin. Die Wirtschaft sei abhängig von Investitionen aus dem Ausland. Eine abgewertete Währung könnte die Exporteure beflügeln. „Aber wir haben den Großteil unserer Industrie zerstört“, bedauert Pettifor, „Es ist schwer wiederzulernen, wie man Güter produziert.“

Ein harter Brexit würde die Unternehmen sofort treffen. Britische Firmen seien eng mit Zulieferern auf dem Kontinent verbunden. Die Lagerkapazitäten seien bald komplett ausgelastet. Würden jetzt Handelsbarrieren zur EU hochgezogen, stünden die britischen Unternehmer mit heruntergelassenen Hosen da. Den Rest des Beitrags lesen »

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Jeremy Corbyn is increasingly isolated in his own party

Posted by hkarner - 1. Juni 2019

Date: 30-05-2019
Source: The Economist: Bagehot

The leader of the Labour Party is in his weakest position yet

H.l. mencken is said to have defined a politician as “an animal that can sit on the fence and yet keep both ears on the ground”. By that definition Jeremy Corbyn is failing in his vocation. The European elections bulldozed Mr Corbyn’s fence by giving the Labour Party just 14% of the vote in the country as a whole and 9% in its former stronghold of Scotland. They unleashed a furious debate that was ostensibly about the party’s stance on Europe in particular but also about Mr Corbyn’s leadership in general.

Senior figures such as Tom Watson, the deputy leader, and Emily Thornberry, the shadow foreign secretary, were quick to blame Labour’s dismal performance on its refusal to offer wholehearted support for holding a second referendum and staying in the European Union. Others, particularly from the party’s working-class wing, were equally quick to push back. Gloria De Piero, mp for Ashfield, urged her colleagues not to let a single issue—Brexit—“wreck” the party. Len McCluskey, head of the Unite trade union, accused supporters of a second referendum of trying to launch a coup against the leader. Mr Corbyn did his best to rebuild his fence and climb back on it. He promised that “we are ready to support a public vote on any deal”. But he stopped short of offering Remainers what they want: unconditional backing for a second referendum whether or not there is an eu deal on the table, and a firm commitment to turning Labour into a Remain party. Den Rest des Beitrags lesen »

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Hopes of Brexit Breakthrough Dashed as Bipartisan Talks Collapse

Posted by hkarner - 18. Mai 2019

Date: 17-05-2019
Source: The Wall Street Journal

The decision means the U.K.’s path out of the EU remains unclear

Britain’s opposition Labour Party leader Jeremy Corbyn said the talks “have now gone as far as they can.”

LONDON—The U.K.’s main opposition Labour Party on Friday pulled the plug on Brexit talks with the government, dashing hopes for a formal bipartisan solution to break the logjam in Parliament over the terms of Britain’s withdrawal from the European Union.

The decision, which wasn’t a surprise, means the country’s path out of the EU remains unclear almost three years after voters chose to exit from the bloc in a 2016 referendum.

The collapse of the talks and the uncertainty around the possible replacement of Mrs. May in coming months sent the pound to its lowest level against the dollar since January. One pound traded for as low as $1.275. It also slid to a three month low against the euro, trading for €1.142.

In a letter to Prime Minister Theresa May, Labour leader Jeremy Corbyn said talks about finding a compromise plan that could win majority support from lawmakers on both sides of the political aisle “have now gone as far as they can.” Den Rest des Beitrags lesen »

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The brains behind Corbynomics

Posted by hkarner - 12. Mai 2019

Date: 09-05-2019
Source: The Economist

A glut of new think-tanks show the left is at last coming up with new ideas—with help from an unlikely source

The exposed brick walls, the east London venue and the bathtub full of free beer brewed specially for the evening did not point to a think-tank launch. Yet this was how Common Wealth, a new outfit aimed at radically overhauling the ownership of British business, announced itself on April 25th. “All of the energy is on the left in politics at the moment,” cheered Ed Miliband, a former Labour Party leader who sits on its board, to a merry audience.

Common Wealth is only the latest think-tank to have sprung up to cater to the thirst for new ideas on the left. Autonomy, which examines the future of work, started life in mid-2017 and has churned out reports calling for a four-day week that have been hailed by John McDonnell, the shadow chancellor. Other research organisations examining foreign policy and the workings of government from a left-wing perspective are in the works. Democracy Collaborative, a progressive American think-tank, has muscled into the British market. Meanwhile, established outfits such as ippr, which provided the ideological backbone of Blairism, have swerved leftward and called for a comprehensive reshaping of the British economy. Den Rest des Beitrags lesen »

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