Responsible Capitalism special 2015

Intellectual vacuum

Patrick Diamond  |  10 December 2015

The Labour party needs a new political economy, writes Patrick Diamond New Labour’s model of political economy was successful in shoring up the Labour party’s questionable reputation for economic competence, and it was the basis of three consecutive election victories. Labour politicians were haunted by past failures: in 1931, 1949, 1967 and 1976 financial crises …

3 Comments Read more

Society’s problem-solvers

Ben Andradi  |  10 December 2015

The genius of capitalism is to create incentives to solve some of mankind’s most challenging problems, writes Ben Andradi We live in increasingly uncertain times and are facing what could be described as a perfect storm: the combination of pollution, overconsumption of finite natural resources, the accumulating risk of catastrophic climate change, unprecedented levels of financial …

1 Comment Read more

Good company

Liam Byrne MP  |  10 December 2015

Labour must join forces with reform-minded business, argues Liam Byrne In the battle against spiralling inequality, progressives are not alone. Across the business community there is fast forming a new consensus that our economy today is quite simply too unequal, too unstable, and too unsustainable. And things now need to change. The facts speak for …

2 Comments Read more

The forgotten project

Tristram Hunt MP  |  9 December 2015

Re-examining ‘predistribution’ could kick off Labour’s intellectual renewal, writes Tristram Hunt Unimaginative. Uninspiring. Weak. Just a few of the more printable pejoratives which greeted the England team’s desperate performances at the recent Rugby World Cup. What is worse, just six months previous, during the annual Six Nations Championship, England seemed to be a team bursting with creativity …

0 Comments Read more

New hard times

Claudia Chwalisz  |  9 December 2015

We need to open up new routes to social justice, writes Claudia Chwalisz How to reconcile economic efficiency with social justice in a market capitalist society? For a long time the left relied on traditional ‘tax and spend’ redistribution to address these twin concerns of mitigating inequality and supporting growth in the postwar years. However, this …

1 Comment Read more

Labour’s missing project

Editorial  |  9 December 2015

You cannot lead a social democratic party without an economic project. Respect them as we do, none of the ‘Anyone But Corbyn’ candidates had one. Each had economic policy but no project. Andy Burnham’s attempt to be pro-business spurred his hard-left supporters to put Jeremy Corbyn on the ballot paper; Yvette Cooper had good ideas …

7 Comments Read more

‘I want us to be a governing party’

Adam Harrison and Richard Angell  |  9 December 2015

‘No one wants to be called a “predator”’. Angela Eagle talks exclusively to Richard Angell and Adam Harrison The office of the shadow secretary of state for business is no easy place to find. Hidden doors lead to long corridors and spiral staircases as if we have stepped into the magical castle made famous by the Harry …

2 Comments Read more