The FT has a headline this morning that claims:
The article that follows is predictable. The worry is of a backlash in opposition to public funding. The bias is to the automotive. And with the far-right now setting the agenda for each the Tories and Labour, hardly surprisingly rail bosses are fearful.
However then who is not?
And is not the headline far too particular? Is not it the UK as an entire that’s in managed decline? That’s how most individuals very clearly really feel about it. To counsel that that is simply a problem for our railways is way too particular .
So, what could be completed about this?
On the danger of sounding like a damaged file, we want a brand new pro-people financial coverage. We now have had coverage for bankers and massive enterprise for forty years now. It has failed. This new coverage begins with low rates of interest.
And the federal government must spend extra, not least on using extra folks to offer the important companies that the UK as soon as loved, however now lacks. And so they want first rate pay.
Then we have to make investments extra. We now have no alternative. Not solely is the infrastructure of this nation worn out on account of neoliberal neglect, we additionally have to turn into sustainable and we’re a good distance from that as but.
Consequently we have to settle for that the richest on this nation might want to pay much more tax. If we’re to reverse decline that has to occur.
My contribution is the Taxing Wealth Report. It exhibits that elevating the required tax is feasible, with ease. What meaning is that decline is an choice, not a necessity. Most of politics is a good distance from appreciating that. Consequently they don’t have any solutions to the questions now posed to them. That is miserable. However it needn’t be this fashion. It is going to simply take fairly lot of braveness to vary issues, that is all.