claig-
I think we should be fair and give the current government some credit. They are trying to remedy the effects of "disaster capitalism" and "casino capitalism" that occurred on New Labour's watch.
You can do that if you want, but it's disingenuous, since the disaster and casino Capitalism that happened under Labour also happened in the US, and many other advanced Capitalist countries.
They're also not trying to 'remedy' it at all. In fact, they're talking about 'reducing red tape' (i.e. regulation) for banking, which is the exact opposite of what they should be doing.
They're also implementing brutal austerity measures, which is the exact opposite of what they should be during during a recession. The IMF and other leading economists and economic bodies (you can Google them if you want) have repeatedly stated that the UK recession is being made worse by these austerity measures, which are increasing unemployment and cutting off demand.
It was New Labour that knighted Fred the Shred for his services to banking and this government that undid this. This government doesn't believe in "disaster capitalism",
Yeah, sure. New Labour was in bed with the filthy rich, no doubt. And this government (well, the Tories) receives 50% of its funding from the City.
The fact is, our political system is beholden to neo-liberalism and corporate rule. The difference between the two is only one of who is going to shaft you harder and more painfully.
it believes in growth and a capitalism that gives people freedom and prosperity.
No it doesn't. It believes in freedom for the rich and austerity for the poor.
They have been left in a terrible hole by the last occupants who left a note saying "sorry, there's no money left". Let's be fair and give them some credit for trying to turn things around.
The financial crisis wasn't caused by New Labour. It's a global crisis. It would have occurred if the Tory scum were in power, only probably much worse, since they would have further deregulated the banks.
It's not going to be easy, and none of us agree with everything that they are doing, but equally not everything that they are doing is bad.
Bad for whom? Their policies are bad for the majority of the public, yes. I'm sure their rich buddies, the banks, and other powerful interests will do just fine.