I'm not aware what his thoughts/policies are regarding immigration and the war on terror - but the policies I suggested are usually what those dubbed "the hard left" support.
That would **** off a lot of people/organisations/pension funds! I'm sure there would be a significant hit in investment in British companies after this if they weren't paid the market rate for their investments.
Being hard left has nothing to do with immigration policy & ignoring crime, neither are his policies that far left of many parts of mainland Europe (Germany/Norway/Denmark level socialism). He isn't a communist as the media is making out.I'm not aware what his thoughts/policies are regarding immigration and the war on terror - but the policies I suggested are usually what those dubbed "the hard left" support.
But he's not hard left?????
Having paid no attention to this whatsoever, I'm curious about something that i need explaining.....
Why are there so many potential leaders coming out against this corbyn fellow, including that plank blair, yet he's being called the frontrunner in the leadership race?
When did Andy Burnham stop being a 'Looney Lefty' and start being a desirable contender? I seem to remember the same people knocking Corbyn were attacking him just a few months back. Now he's the great hope?
Bit odd, isn't it.
The flipside is that he doesn't appeal to any right wing voters, and doesn't appeal to most centre voters either (and the are more centre voters than left or right wing voters).
So while he is very electable in a Labour leader election he is virtually unelectable in a general election and would almost certainly do worse than Miliband. This is why Labour figures are urging people to vote with their heads not their hearts, because although he is more of a "Labour man" than the other candidates, they know the British public will never elect a "Labour man".
Lets stop being so sure about who is and who isn't electable in 5 years time. We've got 5 years of austerity squeezing of the 'middle' by the current government yet. We'll just have to wait and see how they feel about the Conservatives after that.
As part of the squeezed middle I'm not imagining that at Corbyn Government will deliver any improvement in my living standards. I'm 40 years old and in my mind Labour is synonymous with economic mis-management. The idea of the most Left wing leader of Labour since Foot doesn't attract me at all.
Well, I'm classed as one of the upper earners, who hasn't been and won't be adversely affected by the Tories policies and I'm interested in voting for him - my standard of living should be dropping to help those worse off than me, but due to the Tories I'm better off....which isn't right.
Yes in your mind, in reality there are no better or worse than the Conservatives for economic policy over quite some time.in my mind Labour is synonymous with economic mis-management.
Yes in your mind, in reality there are no better or worse than the Conservatives for economic policy over quite some time.
Somehow, when an economic crash happens under Labour, the electorate seem to apply that blame to them (which is stupid when it's a global crash). Yes money was indeed wasted back then, but it's being wasted now, was before & will be in the future.
Somebody has to take the blame for the rescission the UK suffered and due to the policies of the government leading up to the crash a banking sector collapse was going to hurt the UK more so then other countries due the amount of tax revenue the city generated.
Actually, that can be traced back to Thatcher with the Big Bang in 1986 and the subsequent regulatory changes that followed - which the Major, Blair, Brown and Cameron governments have done nothing to fix.
TLDR - it's Thatchers fault - but as there wasn't a lot of difference between Thatcher and Major/Blair/Brown/Cameron it's a bit of a moot point blaming any one government from the 80's onward for the problems we face currently.
it was brown that separated the BoE and created the toothless FSA,
The effect of the Big Bang led to significant changes to the structure of the financial markets in London. The changes saw many of the old firms being taken over by large banks both foreign and domestic and would lead in the following years to further changes to the regulatory environment that would eventually lead to the creation of the Financial Services Authority.
Source: Financial Times.
You are aware that a majority of the policies regarding the economy were supported by the right wing at that point also.I don't blame Labour for the crash, I think I have said as much in SC threads. I blame them for running a deficit during the boom and not fixing the roof when the sun is shining. I blame them for PFI and a bucket load of off the books debt. I blame them for screwing the pensions industry with the removed tax relief on dividends. I blame them for massively increasing the size of state spending on the false permise of an end to boom and bust. But I don't blame them for the crash. I would say the way they acted to stem the banking crisis was good and although I believe that banks shouldn't be too big to fail it plainly wasn't the right time to apply that. I also grew up being told how previous Labour Governments had screwed up economically, I think it is in the DNA of the British left.
Actually, that can be traced back to Thatcher with the Big Bang in 1986 and the subsequent regulatory changes that followed - which the Major, Blair, Brown and Cameron governments have done nothing to fix.
TLDR - it's Thatchers fault - but as there wasn't a lot of difference between Thatcher and Major/Blair/Brown/Cameron it's a bit of a moot point blaming any one government from the 80's onward for the problems we face currently.
You are aware that a majority of the policies regarding the economy were supported by the right wing at that point also.