Listen now (88 mins) | Tom and Calum respond to their second hit piece in three weeks, discuss why ARIA is thriving whilst NASA rots, and reveal how Matt Clifford seized the mandate of heaven
From my Blue Labour perspective it’s essential to look how British corporatism operated from the late 1940s through to 1979, absolutely its failing but its successes primarily in its effects on working class living standards which was massively successful 🇬🇧.
Interestingly in South east Asia the economies are operating dynamic corporatism in many respects. As it happens I don’t believe Britain is suited to dynamic corporatism however long term economic strategy was behind the conservatives setting up NEDC in 1962 , the IDRC by the following Labour government and National Enterprise Council of 1974/79 Labour government ( in my humble opinion it should called the Crown Corporation🇬🇧) Investment strategies along with practical trade union , capital and management involvement is a must however our de industrialisation creates real problems for that process. However we in many respects in the UK we could be well positioned to build a fantastic new industrial based economy.
Absolutely. I think of the success of that period as coming from two sources: a serious long-term industrial strategy counterbalanced by strong, responsible unions. But it also was contingent on a postwar economic settlement. Investment and productivity growth eventually stalled and led to the wage-price spiral, unions broke down, and the social ideology supporting the whole thing had hollowed out. We became a more aspirational and individualistic society. And of course, in the background to all of that was the evaporation of the domestic industrial base which made the whole system possible.
Clearly there are lessons to be learned there if we are looking at the return of an industrial base (and potentially some form of collectivised society to go with it) and indeed Britain's economy still has corporatist elements. But we're at the mercy of international capital through the bond market now more than anything else. We need different solutions for the present crisis.
From my Blue Labour perspective it’s essential to look how British corporatism operated from the late 1940s through to 1979, absolutely its failing but its successes primarily in its effects on working class living standards which was massively successful 🇬🇧.
Interestingly in South east Asia the economies are operating dynamic corporatism in many respects. As it happens I don’t believe Britain is suited to dynamic corporatism however long term economic strategy was behind the conservatives setting up NEDC in 1962 , the IDRC by the following Labour government and National Enterprise Council of 1974/79 Labour government ( in my humble opinion it should called the Crown Corporation🇬🇧) Investment strategies along with practical trade union , capital and management involvement is a must however our de industrialisation creates real problems for that process. However we in many respects in the UK we could be well positioned to build a fantastic new industrial based economy.
Absolutely. I think of the success of that period as coming from two sources: a serious long-term industrial strategy counterbalanced by strong, responsible unions. But it also was contingent on a postwar economic settlement. Investment and productivity growth eventually stalled and led to the wage-price spiral, unions broke down, and the social ideology supporting the whole thing had hollowed out. We became a more aspirational and individualistic society. And of course, in the background to all of that was the evaporation of the domestic industrial base which made the whole system possible.
Clearly there are lessons to be learned there if we are looking at the return of an industrial base (and potentially some form of collectivised society to go with it) and indeed Britain's economy still has corporatist elements. But we're at the mercy of international capital through the bond market now more than anything else. We need different solutions for the present crisis.