The Death of Neo Liberalism

Have you ever wondered why there is so much negativity and hatred towards the left these days? The thing that has struck me so powerfully is the unprecedented level that the vitriol has reached. Why?

For too long the labour party has been edging ever closer to the right, which has kept capitalism as an economic plan, thriving. But the problem with capitalism is that it is an insatiable beast which will ultimately run out of the 'assets' on which it needs to feed. The last great store of wealth in the UK are the assets owned by the tax payer. Under the Conservatives neo-liberal economy, many of the assets we owned, the utility companies, railways and royal mail have already succumbed and we now bear witness to the 'fire sale' of the most profitable sections of oir last publicly funded assets. The police service, the NHS suffering increased costs to run and a degraded service to the public because sections of them are disappearing fast into private sector ownership. All of which provides woefull value for the tax payer. Social housing is an excellent example of dreadful value for the tax payer, we are now in the ridiculous position where it would be cheaper to buy the unemployed a home, than to rent one for them. Instead of the tax payer building an asset portfolio of hundreds of thousands of good quality homes, our taxes are wasted on private landlords, with no prospect of a return on the taxes we pay. This is what neo-liberalism is, it believes that all assets should be owned privately, not by governments. They achieve this by getting business friendly politicians into power. Once there, they can then start stripping the people of their assets until the tax payer has has nothing left. Most people know this as privatisation.

The new threat from the left for once, isn't just rhetoric, there lies behind it a very real plan. Jeremy Corbyn will create the structure for it, but it is ordinary people like you and me, who will benefit from it by building the infrastructure. Capitalism has effectively strangled creativity and entrepeneurialism, it has made it very hard for new innovations to be realised. Jeremy Corbyns policies will set this creativity free to impact on our lives in a million different ways. Technologies will be created to challenge and surpass existing industry, where decent pay and working conditions will become a standard. What will be created is truly 'trickle up' economics. It could even prove to be a 'tsunami up' economy. An economy that provides wealth for everyone, not driven and reliant on markets or shareholders. An economy of inherent strength, that has no need to slash thousands of jobs because of a dip in profit. And the thing that is petrifying the neo liberal conservatives the most is, that we now know how to do it.

It was John McDonald who inspired these thoughts, who in response to the Queens speech said:

"Labour rejects the failed and cruel austerity programme adopted by this government. Instead, working in partnership with businesses, entrepreneurs and workers, Labour would create an entrepreneurial state to support innovation, create wealth and drive growth. And we would share the proceeds of that growth fairly.

By investing in our economy Labour would lay the foundations of a new society that is radically fairer, more equal and more democratic. An alternative based upon a prosperous economy which is economically sound, environmentally sustainable and where that prosperity is shared by all"

I do not know if I'm using the right terminology, but I've called this 'Social Capitalism', maybe its just socialism. Where business is a tool used for the betterment of everyone, not for the enrichment of individuals. Within this society there would be no room for tax avoiders,  their existance wouldn't be tolerated. Reclaiming taxes would be much less of a problem than it is today, because a corporations survival would depend on it. It's not opposed to people building personal wealth, so there is a place for true, honest capitalism, which takes people with it, instead of leaving them behind. Corbyns policies are inclusive enough to appeal to many on the right, however, the days of the tax payer funded money tree will be consigned to history.

If this is Corbyns plan, then it is not surprising that there is so much opposition to him, so much desperate need to rid government of him because Corbyns vision is the only solution to reversing inequality and provide a fair economy for the benefit of everyone. There is so much creativity, innovation and entrepeneurialism just waiting to burst through that would be prevented from doing so, under our traditional parties. This is a vision that can does not depend on EU membership of, but all the more important to realise now that we are 'out'.

To allow the right to win now would be to deny the British people the opportunity to enjoy a country of social and economic justice.

I think therefore, going back to my opening paragraph, the manifestation of hatred and vitriol against the left can only be explained as the manifestation of fear, and judging by its levels, it must be rife within the neo-liberal community. A fear not only that neo-liberalism is in its death throws, but that there is something very real emerging, to seal its fate. The dream, that generations of people have been fighting for in social and economic justice is within touching distance and for the first time, we will no longer have to settle for scraps from the masters table. This time it's different, it feels real, this time its not rhetoric, this time we really do know how to achieve it. This is why, the bile that has been spewed by the main stream media about Jeremy Corbyn and his supporters has achieved nothing except for the opposite it was intended to. This time we have the vision, we have the talent, we have the support and most importantly, we have the leadership to guide us there.