bank, banker, charge, Co-op, company, Conservative, crash, Credit Crunch, Ed Miliband, edict, election, energy, Europe, finances, firm, Fraser Nelson, free enterprise, general, George Osborne, government, green, ideological, ideology, inequality, interference, investment, Labour, lloyds, long term economic plan, market, neoliberal, predator, price freeze, privatisation, public, purse, raid, recovery, regulation, regulator, Reverend Flowers, rip-off, Scandinavia, Spain, Square Mile, teacher, The North, The Spectator, Tories, Tory, Tory Democrat
Dear old Fraser Nelson has been trying to generate some momentum against Ed Miliband’s plans for a Labour government.
But, bless ‘im, not only did he hit the nail on the head when he wrote (in The Spectator), “Tories seem to have lost interest in ideas”, he might just as well have been talking about the Tory press because – other than the parts in which he praises Miliband for his political acumen and perception, Fraser has nothing new to say at all.
“Why, if he is such a joke, has Labour led in the opinion polls for three years solidly? And why has he been the bookmakers’ favourite to win the next general election for even longer?” These are the questions Fraser asks, and then goes on to answer in the most glowing terms possible.
“His agenda is clear, radical, populist and … popular. His speeches are intellectually coherent, and clearly address the new problems of inequality,” writes Fraser.
“His analysis is potent because he correctly identifies the problem. There is [a] major problem with the recovery, he says, in that the spoils are going to the richest, and it’s time to act… George Osborne does not talk about this. He prefers to avoid the wider issue of inequality. This leaves one of the most interesting debates of our times entirely open to Miliband.”
All of the above is a gift to the Labour leadership. Fraser has scored a huge own-goal by admitting the Labour leader – far from being “a joke”, has correctly identified the problem and can say what he likes because the Tories won’t even discuss it!
Worse still (for Fraser), he seems to think that telling us Ed Miliband is mining Labour’s past policies to get future success will put us off.
Hasn’t anybody told Fraser – yet – that it is current neoliberal policies, as practised by both Labour and the Tories, that caused the crash of 2007 onwards? With that as our context, why not go back and resurrect policies that offer a plausible alternative?
As a Conservative, Fraser should appreciate the irony that it is Labour who are now looking at the past to create the future.
“The philosophical underpinning is rehabilitated: that the free enterprise system does not work, and should be put under greater government control,” writes Fraser. “That companies, bankers and markets have buggered up Britain — and it’s time for people, through Big Government, to fight back.” Who could argue with that?
Then Fraser goes into some of those policies, like the plan to revive the 50 per cent tax rate. “But Miliband isn’t taxing for revenue. He’s taxing for the applause of the electorate and he calculates that the more he beats up on bankers and the rich, the louder the masses will cheer.” The answer to that is yes! What’s wrong with that? The Coalition came into office on a ticket that said bankers would pay for the damage they caused, and yet bankers have been among the principal beneficiaries of the ongoing raid on the public finances that the Coalition calls its “long-term economic plan”. In the face of dishonesty on that scale, Fraser should be more surprised that the North hasn’t invaded the Square Mile and strung anybody in a suit up on a lamppost – yet.
Next up, Fraser tries to attack Miliband’s proposed revival of a Kinnock plan for a state-run ‘British Investment Bank’ and two new high street bank chains. To this writer, the prospect of two new, state-run and regulated, banks is a brilliant idea! No more rip-off charges for services that should be free! Investment in growth, rather than short-term profit! And all run the way banks should be run – prudently and with the interests of the customer – rather than the shareholder – at heart. How can Fraser (bless ‘im) argue with that?
Argue he does. He writes: “As Simon Walker, head of the Institute of Directors, put it: ‘The last time the government told a bank what to do, Lloyds was ordered to sell branches to the Co-op’s Reverend Flowers. And we all know how that ended.’ Wrong. European regulators ordered the government (then principle shareholder in Lloyds) to sell the branches, and it happened on the Coalition government’s watch. In fact, George Osborne welcomed the deal. That’s an argument against Conservative mismanagement.
Fraser goes on to claim that Miliband doesn’t care how his bank project will work out – he just wants it done. He’s on an ideological crusade. Again, this provokes comparisons with the Tories that are (for the Tories) extremely uncomfortable. The Tories (and their little yellow Tory Democrat friends) have spent the last four years on an ideological crusade that has robbed the poorest people in the UK of almost everything they have, and are now starting to attack people who are better off (but still not posh enough) – they can hardly criticise Labour for having an ideology of its own.
The line about green policies which cost nine jobs for every four created – in Spain – is risible. Fraser has chosen a country where green policies have not worked well. How are they managing in Scandinavia?
Fraser says Labour’s energy price freeze “magically” makes good a 1983 pledge for everyone to afford adequate heat and light at home – without commenting on the fact that energy companies have been ripping us all off for many years and failing to invest in the future of power generation; they are an example of the worst kind of industrial privatisation.
Fraser says Labour has revived a 1983 demand for “a supply of appropriately qualified teachers” as though that is a bad idea (it isn’t. Bringing in unqualified people to act as teachers in Michael Gove’s silly ‘free schools’ sandpit was the bad idea). Note he says Labour wants “union-approved” qualified teachers – depending on mention of the unions to get a knee-jerk reaction from his readers, no doubt.
Fraser says Miliband attacks “predator” companies – moneylenders who offer short-term loans; people who make fixed-odds betting machines; landowners who stand accused of hoarding and thwarting housebuilding. “When Miliband talks about the future, he says very little about what he’d do with government. He talks about what he’d do to British business. All this amounts to a blitz of regulation, edicts and interference,” he writes.
This is to suggest that “regulation” is a dirty word – a synonym for “interference”. Let’s help Fraser out by suggesting a word he can use instead of “regulation” or “interference”.
That word is “help” – and it exemplifies what regulation is, in fact, about – helping companies to provide the best service possible, with the least possible corruption or profiteering, to ensure that customers get what they want and are happy to come back – boosting prosperity for everybody.
Substitute that word for the others and Fraser’s remaining rhetoric looks very different:
“All this amounts to a blitz of help” evokes the response, about time too!
“[Tristram] Hunt does not pretend that help at this level is being attempted in any free country” begs the question, why not?
While Fraser may have set out to write an assassination piece on Ed Miliband’s Labour, there can be no doubt that he ended up doing the exact opposite. It wasn’t his intention – look at his final few lines: “Miliband is bold enough to think that, in a country midway through the worst recovery in history, there may be a market for all this now. And most terrifyingly of all, he might be right.”
This botched attempt at scaremongering only exposes right-wing ideology for what it is: Out-argued, outclassed and badly out-of-step with the thoughts of the British people.
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Reblogged this on sdbast.
Chris T said:
I trust Nelson thanks you profusely for decoding his message. Actually, Mike, you ought to have his job. A brilliant piece, I might add.
Mike Sivier said:
I don’t know what he thinks, but I did post a comment pointing Spectator readers to the article. I’ll just have a look… Nope. No-one has responded!
EVERYONE has run out of ideas. The result of the next election?
Same system of government, same shit, and a different coloured tie blaming the other guy.
Barry Davies said:
They don’t need ideas they just rubber stamp the edicts from the unelected commission.
Mike Sivier said:
Are you harping on about Europe again, Barry?
I get it, it doesn’t matter who gets voted in you’ll just blame the EU.
So now you can vote for your particular party (even though they probably want to stay in the EU) and let them remain some EU’s commissioners bitch.
Reblogged this on Beastrabban’s Weblog and commented:
Mike critiques Fraser Nelson’s attempt to criticise Ed Milliband in the Spectator, pointing out that Nelson’s comments on Millliband only show how completely lacking in any kind of ideas the Tories are. And the policies, which Nelson attacks actually have very good reasons behind them. Take, for example, the British Investment Bank Nelson derides as a throw-back to Neil Kinnock. It probably is a return to Kinnock’s policies, but that doesn’t mean it isn’t any good. Far from it. As the authors of ‘Socialist Enterprise’ explain, an investment bank for Britain is absolutely necessary because British financial institutions are geared to investing overseas, and have been since the days of the Empire. Presumably that’s why the government has been so keen to get foreign investors to buy up bits of British industry – there’s an entrenched prejudice or blind spot amongst British financial institutions in investing in Blighty. Instead of tackling this problem, however, Nelson merely tries to scare his readers with the old spectre of government interference. Which shows you just how uninterested the Tories really are about the real structural problems of British capitalism and service provision. Rather than try to correct these problems, the Tories are far more worried about the government preventing them from making a buck through economic mismanagement.
Reblogged this on kickingthecat.
Jean Casale said:
23rd October 2013 – 12.31pm PMQs – “Lynton Crosby’s responsibility is to destroy the Labour party,” Cameron thunders.
Looks like Crosby forgot to have a chat with Fraser!
Martha Tulip said:
“Despite dozens of Conservatives voting against high-speed rail, the bill was passed in the Commons thanks to support from the Labour Party.”
way to go boys