- March 23rd, 2025, 10:10 am
#473198
The UK mirrored the US model, without perhaps some of the sharpest capitalist edges . Our post WW2 Labour government re-built on a leftist model, creating state institutions and nationalising essential industries. There was something of a national consensus until the Thatcher era, Thatcher saw a fellow traveller in Reagan, and adopted Friedman's Chicago School monetarism. Whilst also selling off council housing, nationalised industries and limiting trade unions' ability to disrupt employers. A famous quote of hers being ''There is no such thing as society''.
This became the new normal, eventually largely accepted by the Left under Blair's reformed 'New Labour', which was Third Way neo-liberalism he shared with Bill Clinton. Which brought us to the rise of the Far Right as the only alternative to the neo-liberal decline in wealthy western nations in the face of the economic challenges of loss of empire and globalism. Imperialism had been corporatised, and emerging economies could undercut even huge protectionist economic blocs like America and the EU, under loosely regulated market capitalism. (The UK threw away even that much economic protection under pressure from the Far Right when it Brexited).
Now the fragility and failure of the neoliberal consensus has been put in stark relief, and we're facing the reality of late stage capitalism. The UK's Labour Party finally got into power again as the country crumbled around us, only to retain the status quo, hoping to patch it up here and there by applying more Austerity to all but the wealthy. And turning the country against them, as they voted for an alternative, not this. So what alternative is there for voters? The Far Right Reform Party which is displacing the Tories.
The Reform Party is basically Trumpism, and just as nasty, craven and stupid. Relying on appealing to nationalist tribalism and our worst instincts, above compassion, policy and good sense. Fuelled by the media, old and new, which they increasingly use to set the political agenda and rile up hate for scapegoats to distract from the realities of their policies which only benefit the wealthy. This is the way the media manufactures consent in a democracy, and when it's owned by billionaires and huge corporations, their interests will be prioritised.
We had a chance for a real Left alternative, when Corbyn slipped through the Labour Party machine's net and became Leader by the grassroot membership vote. And he nearly won the General Election. Despite the all out war of the media against him who saw the real threat to their interests, and most of his own Labour MPs. That chance has gone. Now we're ****.
You can see a similar pattern across the wealthy west and the rise of the Far Right. On top of this resource extraction and the infinite growth model capitalism relies on is causing us to be persuaded to ignore the existential threat of climate change. The war in Ukraine hinges on access to mineral resources, and the genocide in Palestine is fuelled by access to 'prime real estate'. We're already in very dangerous territory.