At the heart of modern capitalism is a promise: The student radical, the frustrated lawyer: Social upheaval has always been initiated by the young and angry.
But the nurse at the food bank, the council employee in a homeless shelter: Of Philip II of Spain it was said: They merely serve voters the same old failed policies because they have run out of both ideas and parliamentary muscle. And to watch chancellor Philip Hammond or Bank of England governor Mark Carney as they defend their latest damp squib is to glimpse members of the elite who reek of exhaustion, having riffled through all the pages in their textbooks without getting a good answer.
And so British politics has reached the deepest state of zombie-ism: Meanwhile, the economy gets ever more broken. While Westminster politicians bang on about devolution, the regional wealth gap in the UK is bigger than in any other member of the EU. And if you want a tale of misplaced priorities, try this one: Amazon, Facebook, Apple, eBay and Starbucks put together pay less in tax to the British exchequer than the five biggest cooperatives — including such titans as Arla Foods.
So at just the point when alternatives are in greatest demand, where is the left? Jeremy Corbyn is the first party chief to promise to end austerity and kickstart a major public-works programme. The same goes for academia, pressure groups and thinktanks. With Britain already having suffered one lost decade, a murmuring catastrophism has set in among our intellectuals. Mainstream-left politics remains stuck between two cliches. This is totally understandable; but utterly ruinous. Forty years ago, Thatcher gravely intoned that There Is No Alternative — then set about bulldozing the institutions that might incubate anything of the sort.
Her political children have carried on the job. Make jingoism great again! In my reporting for this paper , one of the strongest themes is of communities, discarded by the market and disregarded by the state, trying to work out their own answers to the big questions. How shall we heat our homes? Things such as housing, work, food supply.
Stack them all together and the grand lie of Thatcherism is exposed. We can do things differently. None of the ideas in this series were dreamed up by some prodigy floating on a lotus leaf down from ivory towers.
Their authors are real people, working within real constraints, who often struggle with a dysfunctional banking system or unhelpful national policies. But now is the time for experiments and arguments.
To reacquaint our economy with the concept of democracy. To, finally, slay those zombies.
Austerity The belief that by cutting spending and raising taxes you can eliminate government borrowing. Crowding out The belief that the public sector sucks up finances and workers that could otherwise go to businesses. Debt The total sum of all the borrowing taken by the state over the years. Deficit The overspend racked up by the government when it spends more than it receives in taxes. How did governments try to achieve this? What was their reasoning? Please make sure that you are posting in the form of a question.
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