There’s a lot of decent stuff in Jeremy Corbyn’s Build it in Britain speech: reduce the role of the City, provide better training. But overall, his prescription for improving British manufacturing it is not convincing, for two reasons.
Making the public sector buy British would expensive and not very effective – there are better approaches to industrial policy. Worse, the real political importance of this plan is that it is a new excuse (the old ones having shown themselves flimsy) for leaving the Single Market: don’t buy it, it is a poison pill.
The good stuff – the City, training – shows no evidence of understanding the deep institutional obstacles to achieving what he proposes, obstacles which for all its theatrical radicalism the current Labour leadership is not willing to face squarely (IMO, unwilling because doing so would spoil the theatre of revolution).
Here I’ll deal with the first item, and leave the City & training for a future post. Continue reading →
The Trump-Putin connection can seem just a lurid sideshow in Trump’s horrific circus of racial and religious profiling, misogyny and authoritarianism. And, when that special relationship does catch our attention, the most obvious thing linking the two men (possible videos and blackmail aside) is their common political language of aggressive nationalism.
But this is no sideshow, and much as Trump would like it to be all about him, it is not his personal foible: the agendas of the Republican Party’s petro-backers coincide perfectly with those of the Russian oligarchy, and that is why Trump’s links to Russia were tolerated even before he was elected. The nationalist postures of Trump and Putin, which might seem to be simply ways of rallying some segments of the aggrieved masses to the banners of the countries’ respective caudillos, are instrumental for reshaping the international order in a way favourable to the oil interests.
The overriding need of the oil interests is to block anything that would cut the demand for oil – which is to say, to stymie any serious steps to mitigate climate change. International cooperation is necessary to fight climate change, and aggrieved nationalism undermines international cooperation. The cohesion of the EU is particularly important for international action on climate, and so European integration has become the enemy not only of Moscow, but also of Republican Washington.